viernes, 6 de noviembre de 2015

Shake Shack Has Never Been Hotter; The Fashion Police Found Mario Batali

Plus, tracking minimum wage laws across the country.

— Late yesterday Shake Shack released its third quarter earnings report, and there was much for investors to be happy about. The Shack reported a 17 percent increase in same store sales, a 67.4 percent increase in revenue, and a renewed commitment to rapid expansion. So far this year, 12 new Shake Shack locations have opened across the globe. The company expects to be in four new markets — including Southern California and Arizona — by early next year. SHAK is trading up in light of the report.

— A new study proves something we already know: Living alone can result in poor eating habits. According to researchers at the Queensland University of Technology, people who live alone "are more likely to have unhealthy diets lacking key foods." Men are more susceptible to eating poorly when living alone than women. Reasons cited for these patterns in unhealthy eating — which were gathered from data culled from eight other independent studies — include "inadequate cooking skills, no partner to go shopping with, the increasing cost of food, and a lack of motivation to cook."

— Someone doesn't approve of Mario Batali's trademark orange Crocs?

— The Washington Restaurant Association has come out in favor of raising the minimum wage. Washington state's restaurant association was previously against a higher minimum wage but has reversed its stance. The group has not specified what higher wage it will support; Washington's current minimum hourly wage is $9.47. This is in sharp contrast to the views of the National Restaurant Association, the largest independent hospitality trade group, which vehemently opposed New York state governor Cuomo's proposal to mandate a $15 per hour minimum wage for fast food workers.

— Meanwhile in Maine, the city of Portland — which in general seems to support raising the minimum wage — voted against a measure that would raise it to $15 per hour. Reasons cited include the fact that the business community outspent the Green Party-backed measure, and that Portland's median hourly wage is already over $17 per hour.

— Finally, Stephen Colbert tries to make sense of Qdoba's new imaginary mascot, the Quintessa:



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