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Jersey Mike’s appoints Wyndham exec as CFO
Yahoo Finance· 2025-12-02 13:26
Core Insights - Jersey Mike's has appointed Michele Allen as its new Chief Financial Officer, effective December 1, succeeding Walter Tombs, who will retire in January after 26 years with the company [8] - Allen brings over 25 years of financial leadership experience in hospitality and franchising, previously serving as CFO and head of strategy at Wyndham Hotels & Resorts [8] - The company is focusing on international expansion, having recently hired Andy Skehan as president of international to support growth initiatives in Canada and the United Kingdom [6] Company Strategy - Jersey Mike's is enhancing its C-suite with key appointments, including CEO Charlie Morrison and other executives to strengthen its leadership team [6] - The company aims to maintain financial discipline while scaling in new and existing markets, with Allen's expertise expected to play a critical role in this process [3][5] Leadership Experience - Allen's background includes leading finance, enterprise-wide strategy, and managing complex transactions, which will be beneficial for Jersey Mike's as it navigates growth and transformation [4] - CEO Charlie Morrison highlighted Allen's deep expertise in franchise-first business models and her track record of building high-performing finance teams as key assets for the company's continued growth [5]
The Cheesecake Factory's Peppermint Stick Chocolate Swirl Cheesecake and Special Holiday Gift Card Offer Return
Businesswire· 2025-12-02 13:11
CALABASAS HILLS, Calif.--(BUSINESS WIRE)--The Cheesecake Factory® (NASDAQ: CAKE) known for its extensive menu, generous portions and legendary desserts, is bringing back its Peppermint Stick Chocolate Swirl Cheesecake for the holidays. This festive flavor features peppermint swirled with white and dark chocolate cheesecake all on a delicious mint chocolate brownie, and is now available at all The Cheesecake Factory restaurants nationwide. Additionally, The Cheesecake Factory is featuring a spec. ...
Texas Roadhouse hires Yum Brands vet as CFO
Yahoo Finance· 2025-12-02 10:52
Group 1 - Mike Lenihan has been appointed as the Chief Financial Officer of Texas Roadhouse, bringing over two decades of restaurant finance experience, previously serving as CFO at CKE Restaurants [1][2] - Lenihan will oversee various financial functions including accounting, financial reporting, investor relations, tax, treasury, internal audit, and financial analysis, succeeding Keith Humpich who served as interim CFO [2] - Texas Roadhouse reported a strong third quarter with a 6% increase in comparable restaurant sales at company restaurants, outperforming several casual dining competitors [3] Group 2 - In the first nine months of the year, Texas Roadhouse opened 19 company-owned and three franchised restaurants, indicating ongoing investment in new store development [3] - The company is focused on maintaining existing restaurants and exploring opportunities for franchise acquisitions, as stated by CEO Jerry Morgan [3]
X @Bloomberg
Bloomberg· 2025-12-02 10:03
Industry Trends - Sweetgreen and Cava are facing challenges as consumers prefer more affordable and substantial food choices [1] - Even Chipotle's founder has shifted focus, indicating a potential change in market dynamics [1]
From chips to noodles: the newcomers testing Hong Kong's buoyant IPO market
Yahoo Finance· 2025-12-02 09:30
Hong Kong's booming fundraising market is set for another busy week, with four companies scheduled to debut this week and a string of billion-dollar listings - including Chinese luxury electric vehicle maker Avatr Technology - lining up behind them. Among this week's newcomers, chip materials supplier Guangdong Tianyu Semiconductor plans to raise the highest sum, seeking up to HK$1.74 billion (US$223.42 million) from the sale of 30.07 million shares. The shares have been priced at HK$58 each. Ten per cen ...
Texas Roadhouse, Inc. Appoints Mike Lenihan as Chief Financial Officer
Globenewswire· 2025-12-01 23:00
Core Insights - Texas Roadhouse, Inc. has appointed Mike Lenihan as the new Chief Financial Officer, effective December 3, 2025, bringing nearly 30 years of finance experience, including 22 years in the restaurant industry [1][2] - The company has also promoted Keith Humpich to Chief Accounting and Financial Services Officer and Sean Renfroe to General Counsel, reflecting a strengthening of its leadership team [2][3] Company Overview - Texas Roadhouse, Inc. operates predominantly in the casual dining segment and has grown to over 810 restaurants across 49 states, one U.S. territory, and ten foreign countries since its inception in 1993 [4]
Activist investor Galloway Capital Partners buys 6.01% of Noodles & Company
Yahoo Finance· 2025-12-01 20:38
Core Insights - Galloway Capital Partners has acquired 6.01% of outstanding shares in Noodles & Company, indicating an activist-investor approach aimed at enhancing shareholder value [1][2] - The average purchase price for the shares was approximately 71.5 cents, with the firm asserting that Noodles' share price is undervalued and management needs to take action to protect equity value [2] - Noodles & Company is currently facing compliance issues with the Nasdaq Stock Exchange due to its share price being 70 cents, which is below the required minimum of $1 [3] Shareholder Engagement - Galloway intends to engage with Noodles & Company's board and management on various issues, including share performance, operations, governance, and potential changes to the board of directors [2] - The firm is also focused on capital allocation policies and overall strategy to improve shareholder value [2] Strategic Actions - Noodles & Company has hired Piper Sandler to explore options for maximizing shareholder value, which may include a potential sale of the company [3] - The company has announced retention bonuses for key executives in the event of a sale, indicating a strategic move to retain leadership during this transitional phase [4]
Starbucks Reaches $38.9 Million Settlement With NYC on Worker Protection Violations
WSJ· 2025-12-01 19:42
Core Insights - The global coffee chain will pay $35.5 million to over 15,000 workers, indicating a significant financial commitment to employee compensation [1] - In addition to the worker payments, the company will incur $3.4 million in civil penalties and costs, reflecting potential regulatory or legal challenges faced by the company [1] Financial Implications - The total financial outlay for the company amounts to $38.9 million, combining both worker payments and civil penalties, which may impact the company's financial performance in the short term [1]
Galloway Capital Partners takes stake in Noodles & Company (NDLS:NASDAQ)
Seeking Alpha· 2025-12-01 19:38
Shares of Noodles & Company (NDLS) were jolted higher when Galloway Capital Partners disclosed a stake in the restaurant chain in a filing with the U.S. Securities and Exchange Commission. Galloway now owns more than 2.8M shares, representing a 6.01% stake. ...
Behind the Scenes of Starbucks's Latest Options Trends - Starbucks (NASDAQ:SBUX)
Benzinga· 2025-12-01 19:01
Core Insights - Deep-pocketed investors have adopted a bearish approach towards Starbucks, indicating potential significant market movements ahead [1] - The options activity for Starbucks shows a divided sentiment among investors, with 48% bearish and 24% bullish [2] - Significant investors are targeting a price range of $45.0 to $90.0 for Starbucks over the past three months [3] Options Activity - There were 25 extraordinary options activities for Starbucks, with a total put volume of $400,642 and call volume of $961,040 [2] - The mean open interest for Starbucks options trades is 3,923.06, with a total volume of 3,632.00 [4] Trading Overview - The biggest options trades include bearish puts with a strike price of $80.00 and bullish calls with a strike price of $85.00 [8] - Recent trading volume stands at 4,519,238, with SBUX's price down by 1.15%, currently positioned at $86.11 [15] Company Performance - Starbucks operates nearly 41,000 cafes globally, with 52% being company-operated and 74% of revenue coming from North America [10] - Recent analyst ratings show an average target price of $94.5, with some analysts downgrading their ratings due to concerns [12][13]