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Starbucks Strike Enters Third Week Deadlocked With Both Sides Holding Firm
Forbes· 2025-11-30 17:55
Core Points - The Starbucks Workers United has escalated its "Red Cup Rebellion" strike, with 120 stores in 85 cities participating, while Starbucks claims fewer than half that number were affected and that disruptions have been minimal over the past three weeks [1][4] - Over 1,000 Starbucks workers have gone on strike at approximately 65 stores, with the union alleging that Starbucks has not made new proposals on staffing and pay since an offer was rejected in April [2][3] - The union claims that baristas in 550 unionized stores are ready to continue the strike until a fair contract is delivered and unfair labor practices are addressed [3][5] Key Facts - Since the strike began on November 13, the number of stores on the strike list has increased weekly, now totaling 120 [3] - Starbucks disputes the impact of the strike, stating that many stores listed never closed and that this year's "Red Cup Day" was the largest sales day in the company's history despite the strike [4][5] - Currently, negotiations between Starbucks and the union have stalled after nearly 200 hours of discussions and over 30 tentative agreements were reached through April [4][5] Background Information - The union claims that 2,500 of its 11,000 members are on strike, while Starbucks asserts that only about 9,500 baristas, or 4% of its workforce, belong to the union, affecting fewer than 1% of its 10,000 stores [5] - More than 125,000 individuals have signed the "No Contract, No Coffee" pledge, indicating significant public support for the union's cause [4]
Three Reasons I Own More Gold Than Bitcoin
Seeking Alpha· 2025-11-30 17:54
Core Insights - The article evaluates the broader market backdrop with a focus on alternative investments, specifically gold and Bitcoin, highlighting their significance in the current investment landscape [1]. Market Overview - The author emphasizes a macro-focused investment strategy, identifying under-valued sectors and thematic ideas, particularly in metals, gold, and cryptocurrency [1]. - The article mentions various market indices and sectors, including DIA, VOO, QQQM, and XLE, indicating a diverse investment approach [1]. Alternative Investments - Gold (IAU) and Bitcoin (BTC-USD) are presented as key alternative investment options, with the author holding long positions in these assets [2]. - The article also discusses CEF (Gold & Silver) as part of the alternative investment strategy, suggesting a focus on precious metals [1][2]. Investment Strategy - The author co-manages a seven-figure investment account, demonstrating a successful investment journey that emphasizes diligent saving and investing [1]. - The investment group CEF/ETF Income Laboratory is highlighted for its managed income portfolios targeting reliable yields, appealing to both active and passive investors [1].
59-year-old casual steakhouse chain closed all its locations
Yahoo Finance· 2025-11-30 16:33
Core Insights - The article discusses the decline and potential revival of several former national restaurant chains, highlighting their current status and efforts to reopen locations [1][2][3][4][5][6] Group 1: Current Status of Former Chains - York Steak House, once a national chain with 200 locations in the 1980s, now has only one remaining location in Columbus, Ohio [3] - Casa Bonita, which had multiple locations in Oklahoma, Arkansas, and Texas, now operates only one location in Lakewood, Colorado as of 2025 [3] - Ground Round Grill & Bar peaked with dozens of locations but has only a handful surviving today, mostly independently owned, after bankruptcy in 2004 [3] - Ponderosa and Bonanza Steakhouses, which once had hundreds of locations combined, now have only 21 locations remaining in the U.S. [3] - Chi-Chi's, which had over 200 locations, closed all U.S. locations in 2004 but has reopened one location in Minnesota as part of a brand revival [4] - Bennigan's, which peaked at over 150 corporate restaurants, has 21 locations remaining plus a new "On the Fly" concept [4] Group 2: Revival Efforts - Steak and Ale, which closed entirely in 2008, has made a comeback with one or two locations reopened under new ownership [3][4] - Legendary Restaurant Brands, led by Paul Mangiamele, purchased Steak and Ale and Bennigan's in 2015, with a focus on relaunching the Steak and Ale chain [4][5] - The first new Steak and Ale location opened on July 8, 2023, in Burnsville, Minnesota, featuring a 5,000-square-foot space and seating for up to 225 guests [6]
A Pizza Bagel Business Owner Makes $20K Per Month, But He Had To Leave His Six-Figure Tech Job First: 'I Sold My Equity Back To My Previous Company'
Yahoo Finance· 2025-11-30 16:01
Jacob Cooper started Pizza Bagel NYC in February, and it's now bringing in more than $20,000 per month. Cooper started the business shortly after leaving his six-figure tech job without any experience in the restaurant industry. He also went all-in on the startup and raised the initial funds by tapping into his equity. "I sold my equity back to my previous company," Cooper told CNBC. Cooper shared what goes into operating a pizza bagel business in New York City and how he grew it so quickly. Don't Miss: ...
Starbucks: Turnaround Brewing, But Margin Squeeze And Valuation Keep Me At A Hold
Seeking Alpha· 2025-11-30 15:00
Core Insights - Starbucks (SBUX) has faced significant challenges in recent years, primarily due to inflation impacting its operations and profitability [1] Company Overview - Starbucks is an iconic brand known globally, with a strong presence in the coffee industry [1] Financial Performance - The article does not provide specific financial data or performance metrics for Starbucks, but it highlights the adverse effects of inflation on the company's financial health [1]
X @The Wall Street Journal
Consumers may be struggling, but they still want the fresh and fast offerings from restaurants like Cava and Chipotle. https://t.co/WFmMS7Oe2W ...
America Loves a $13 Lunch Bowl. Don't Bet Against It.
WSJ· 2025-11-30 09:14
Core Insights - Despite economic challenges, consumers continue to seek fresh and fast food options from restaurants like Cava and Chipotle [1] Company Insights - Cava and Chipotle are positioned to attract consumers looking for quick and healthy meal options, indicating a strong demand for their offerings [1] Industry Trends - The restaurant industry is witnessing a trend where consumers prioritize fresh and fast dining experiences, suggesting resilience in certain segments despite broader economic struggles [1]
Jim Cramer Says “Texas Roadhouse Should See Its Gross Margins Explode”
Yahoo Finance· 2025-11-29 18:29
Group 1 - Texas Roadhouse, Inc. (NASDAQ:TXRH) is highlighted as a stock with potential due to tariff cuts on Brazilian beef, which are expected to positively impact its gross margins [1] - The company has maintained its sales by avoiding price hikes, which has helped retain its core customer base, particularly in the steak segment [1] - The recent reduction in steak prices due to tariff cuts is anticipated to significantly benefit Texas Roadhouse's financial performance [1] Group 2 - Texas Roadhouse operates casual dining restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers brands, indicating a diversified brand portfolio [2]
X @Forbes
Forbes· 2025-11-29 18:10
The Forbes 2025 All-Star Eateries In New York https://t.co/Q2LV4zGbop ...
Jim Cramer on Brinker: “We’re Going to Pass on That One Right Now as Much as I Like It”
Yahoo Finance· 2025-11-29 17:53
Core Insights - Brinker International, Inc. (NYSE:EAT) has recently seen a significant increase in stock price, with a noted rise of nine points in a short period, leading to concerns about the risk of further investment at current levels [1] - The stock is currently trading at a price-to-earnings ratio of 10 times earnings, which is considered a critical factor for potential investors [2] - Despite acknowledging the potential of EAT as an investment, there is a belief that certain AI stocks may offer better upside potential and lower downside risk compared to Brinker [2] Company Overview - Brinker International operates casual dining restaurants under the brands Chili's Grill & Bar and Maggiano's Little Italy [2] - The restaurant group is described as being "radically out of fashion," indicating a challenging market environment for casual dining establishments [2] Investment Strategy - A cautious approach is recommended for potential investors, suggesting that if one intends to buy shares, they should consider purchasing a fraction (e.g., 25 out of 100 shares) and wait for a more favorable market condition before buying more [2] - The commentary emphasizes the importance of timing and market conditions when considering investments in the restaurant sector [2]