After 30 years in business, McDonald's franchisee and Rodrick Foods CEO Scott Rodrick had to make the difficult decision to not renew his lease at one of his McDonald's
Ab Igram, the executive director of Babson College's Tariq Farid Franchise Institute, said while one unit closure of a McDonald's may not seem like it impacts the overall state of the entire company, it does make consumers wonder about the company's overall "brand health." On a call with investors, Chipotle CFO Jack Hartung said the impact of the higher wages "will add almost 1 full point to total company pricing beginning in Q2."
"I would keep my eye on ... what's the traffic impact among brands in California, three months out, six months out, nine months out," he said. The group claims nearly 10,000 fast food jobs were cut in the state following the introduction of the legislation last fall.14 Poor Souls Who Were Excited To Start Their New Job, Only To Realize They Needed To Quit Immediately