Restaurants cut jobs last month. Restaurants and bars culled 15,700 positions in January, according to new data from the U.S. Bureau of Labor Statistics.
KFC U.S. continued its struggles in the fourth quarter, with same-store sales down 5% and also finishing the year down 5% on average. Executives of parent company Yum Brands didn’t share much of a plan for the legacy chicken concept but did note that its Saucy spinoff has yielded promising results so far and that the company plans to expand the test “pretty dramatically” this year.
A dispute is brewing at one of Twin Peaks’ most successful franchisees. The former COO of Florida-based DMD Ventures is accusing the company’s co-founders of spending corporate funds on luxury purchases and firing him when he started asking questions.
Yum Brands China saw a 36% profit surge last quarter. The separate offshoot of Yum Brands has seen steady growth and profits improvement since the second quarter of 2024 thanks to aggressive unit growth and innovation.
Get all the headlines in today’s Restaurant Daily podcast.
DETROIT (FOX 2) - A major food distributor in Detroit is shutting down after more than 50 years in business. The closure is already impacting local markets an
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