Restaurants see diners return, but feel a labor crunch as hiring becomes a top priority
CNBC 3 hrs ago
Franchisees and large restaurants are looking for labor in an increasingly tight market.
Additional stimulus via both direct payments to individuals and enhanced unemployment benefits is a potential double-edged sword for restaurants.
Consumers have more cash on hand and are returning to dine out, but some operators feel the economic stimulus efforts are incentivizing workers to stay home.
Restaurants struggle to find workers as in-person dining returns
Replay Video
Daniel Halpern is looking to hire 800 workers, and it hasn t been easy.
Halpern is CEO of Jackmont Hospitality, an Atlanta-based foodservice company that franchises about 45 restaurants including TGI Fridays across the country.
IHOP Unveils New Steakhouse Premium Bacon
April 13, 2021 · ·
Glendale, CA (
IHOP® today introduced the brand’s new Steakhouse Premium Bacon, its latest menu innovation on the new Bacon Obsession menu, making IHOP the first national family dining restaurant chain to provide this one-of-a-kind offering – all at the great value guests expect from IHOP. Steakhouse Premium Bacon is a juicy, delicious thick-cut piece of bacon that is five times thicker than IHOP’s regular bacon, fried to tender, crispy perfection and finished with a maple glaze for the perfect savory and sweet combination.
In addition to the new Steakhouse Premium Bacon, which can be added to any breakfast combo for $1.49 for a limited time , IHOP is introducing a Bacon Obsession menu that offers an array of craveable, mouth-watering options including everything from a Steakhouse Premium Bacon Burger to a Maple Bacon Milkshake.
April 13, 2021 · ·
Glendale, CA (
IHOP® today introduced the brand’s new Steakhouse Premium Bacon, its latest menu innovation on the new Bacon Obsession menu, making IHOP the first national family dining restaurant chain to provide this one-of-a-kind offering – all at the great value guests expect from IHOP. Steakhouse Premium Bacon is a juicy, delicious thick-cut piece of bacon that is five times thicker than IHOP’s regular bacon, fried to tender, crispy perfection and finished with a maple glaze for the perfect savory and sweet combination.
In addition to the new Steakhouse Premium Bacon, which can be added to any breakfast combo for $1.49 for a limited time , IHOP is introducing a Bacon Obsession menu that offers an array of craveable, mouth-watering options including everything from a Steakhouse Premium Bacon Burger to a Maple Bacon Milkshake.
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Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock.
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The White House delivered good news to a pandemic-fatigued public this week, moving up the timeline for vaccine distribution.
President Joe Biden said there should be enough vaccine supply for every American adult to get a jab by the end of May. That s two months ahead of previous estimates.
Operator
Hello, and welcome to the Fourth Quarter 2020 Dine Brands Global Earnings Conference Call. My name is Grace, and I will be your operator for today s call. [Operator Instructions]
I will now turn the call over to Ken Diptee, Executive Director of Investor Relations. Sir, you may begin.
Ken Diptee
Executive Director of Investor Relations
Good morning and welcome to Dine Brands fourth quarter and fiscal 2020 conference call. I m joined by John Peyton, CEO; Allison Hall, Interim CFO and Controller; Jay Johns, President of IHOP; and John Cywinski, President of Applebee s.
Before I turn the call over to John, please remember our Safe Harbor regarding forward-looking information. During the call, management may discuss information that is forward-looking and involves known and unknown risks, uncertainties and other factors, which may cause the actual results to be different than those expressed or implied. Please evaluate the forward-looking information in the context of t