12 Burst results for "Andy Wiederhorn"

"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:44 min | 3 months ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"Zoo value asset and something that can be perceived as the story value. But as the asset matures, you're only going to see that volatility decline. And that was Richard by Wirth, CEO of de Genetics. The restaurant industry really got hit hard during the pandemic, but of course move quickly into the delivery and to go business and Bloomberg's Matt Miller and Paul Sweeney had a chance to ask Andy Wiederhorn, CEO of Fat brands, including restaurants like Fatburger, Johnny Rockets. Buffalo's cafe all about it, Wiederhorn says the industry is hungry for a change right now. Let's listen in. Well, you know, Thanks for having me the Tell you what could spray we bought it six months ago. And they're about 3 25 restaurants. 175 of those are international. They're all over the place all over Europe all over Latin and South America. On. Do you like 100 of them down there, So they're everywhere today, growing rapidly. We don't have one in Manhattan today, but hopefully we'll have another one there soon. And you know this is going where? 13 14 months. Andy into this pandemic. Give us a kind of a big four. The pandemic and kind of where we are Now, how is a pandemic impacted your businesses? We've been fortunate in that most of our brands. Have met or exceeded their 2019 levels. Now that recovered the Burger brands Fatburger Elevation Burger, which is an organic grass, fed, Burger champ, East Coast and Johnny Rockets, recovering nicely allowed delivery into go business. S so they were really fortunate to be able to take advantage of that market. They're probably like 85% of normal there a lot of special venues that aren't quite open yet. Like amusement parks, theme parks, things like that. Everywhere were Johnny Rockets. New movie theaters has a lot of locations. On the hurricane Growing wings. Buffalo's cafe does or casual dining restaurants with full bars and outdoor dining rooms and all that there is like 117% of normal, so they're just recovering like crazy and part of that is because during the pandemic When Al Gore dining was allowed, delivering to go raised awareness and then When customers will have to come back to the dining rooms. You have all this additional delivery business customers didn't really know about before, And so now they're over 100% of normal. So doing very well there little bit of trouble in the Midwest with our steakhouse unit Ponderosa Bonanza where Lot of closes for long period time, probably lost some stores there, but it's a small percentage of our total 700 restaurants, so we've been very fortunate. When you say organic and grass fed my mouth immediately starts to water and I jumped on the fat burger website sight. I see you have an X x x l triple King Burger. That's £1.5. Um, I would attempt it. I'm not sure if I could only way have a contest. If you eat that burger, the Triple X Challenge or used to call the Triple King Challenge. If you can eat that burger, you get a T shirt in a certificate. But oftentimes we see guys and girls go into the restaurant and the girls always win because they're much smarter and they're not eating french fries and drinking too much soda while they're trying to get that thing down and They're very methodical about it, So it's definitely a contest. Gregory well as the Grateful Dead, said, the women are smarter. What I noticed is there's not a lot of fake meat here on Fatburger on the Johnny Rockets menu. I do see, you know, a garden burger, a black bean burger. What do you think about the fake meat trend? I don't know. Fake meat is pejorative term, but you know what I mean. Right? More and more people are so exact exactly way have plant based proteins across all of our brands today. It's impossible Burger domestically and it's something beyond Burger in some international markets because of distribution, but the possible there's a great product. Plant based proteins are here to stay. Brands need to adapt him and Basically you take that that patty that tastes like beef and bleeds like a thief. And you had the toppings that come with your burger. Whether it's a an elevation, product or fabric or products of Johnny Rockets product, and it's gonna taste like Johnny Rockets. Burger, a Fatburger. You know, it's just got a different element of the patty. But plant based proteins air here, they're not going away. They make up a segment of the market where it's much better than the ordinary. Garden burger or bulk of Patty Burger, which we have also, but If you want the flavor of beef, then you're gonna have to go to a plant based protein and it's it's really because people don't want to eat the red meat. It's not because they're the healthiest product in the market because they're not. It's just a delicious product. On the cost side, and he took us about employees and the ability to attract and retain employees these days. There's so much talk out there that stimulus is impacting them. Two words for you Total nightmare. The labor market in the labor market in the restaurant industry right now has been decimated by the stimulus package and unemployment benefits and it's impossible to get people to come back to work. And to get new hires new general managers new employees in the restaurants that are under construction to be built and this is not something that we experienced nine months ago in the first round of P P p loans and stimulus checks went out. We really didn't see this problem, but now we have people hanging around the hoop to get their check and spend their money instead of coming back. Work and it's It's just been a problem now. Obviously, it's gonna wear off fairly soon when unemployment benefits drop off in the stimulus checks were spent right now it's been very difficult in its driven up food prices as well because the same problem exists at the Processing plants and for the distribution center. So we have shortages all over the country because that, like Cisco and US foods, and all the big problem, distributors have run out of drivers. And that was ending. Wiederhorn, CEO of Fat brands and.

Paul Sweeney Andy Wiederhorn Matt Miller Manhattan Cisco Wiederhorn Johnny Rockets £1.5 Europe 117% Fatburger 100 175 85% 2019 Latin South America de Genetics Bloomberg 700 restaurants
"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:17 min | 3 months ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"Think, miss that. You have seen Bitcoin come to the full as a store of value if you think about what it is against gold in terms of all the different attributes. That Bitcoin has that gold has Bitcoin outperforms. We're looking at scarcity verifiability to visibility portability, durability. All of these metrics, but Bitcoin outperforms couple now sure, we're going through a volatile adoption period, where it is starting to be recognized as a zoo value asset at something that can be perceived as the story value. But as the asset matures, you're only going to see that volatility decline. And that was Richard by Wirth, CEO of de Genetics. The restaurant industry really got hit hard during the pandemic, but of course move quickly into the delivery and to go business. And Bloomberg's Matt Miller and Paul Sweeney had a chance to ask Andy Wiederhorn, CEO of fact brands, including restaurants like Fatburger, Johnny Rockets. Buffalo's cafe all about it, Wiederhorn says the industry is hungry for a change right now. Let's listen in. Well, you know, Thanks for having me the I tell you, I could spray. We bought it six months ago. And they're about 225 restaurants. 175 of those are international. They're all over the place all over Europe all over Latin and South America. On. Do you like 100 of them down there, So they're everywhere today, growing rapidly. We don't have one in Manhattan today, but hopefully we'll have another one there soon. And you know, business is going Where? 13 14 months. Andy into this pandemic. Give us a kind of a big four. The pandemic and kind of where we are Now, how is a pandemic impacted your businesses? We've been fortunate in that most of our brands. Have met or exceeded their 2019 levels. Now that recovered the burger brands Tapper Elevation Burger, which is an organic grass fed, Burger Chan, the East Coast and Johnny Rockets recovering initially allowed delivery into go business. So they were really fortunate to be able to take advantage of that market. They're probably like 85% of normal there a lot of special venues that aren't quite open yet. Like amusement parks, theme parks, things like that. Everywhere were Johnny Rockets. New movie theaters has a lot of locations. On the hurricane growing wings, Buffalo's cafe toes or casual dining restaurants with full bars and outdoor Daniels and all that there is like 117% of normal, so they're just recovering like crazy and Part of that is because during the pandemic When Al Gore dining was allowed, delivering to go raised awareness and then When customers allowed to come back to the dining rooms. You have all this additional delivery business customers didn't really know about before, And so now they're over 100% of normal, so doing very well there little bit of trouble in the Midwest with our steakhouse unit Ponderosa bonanza, where a lot of closures for long period time probably lost. Some stores there, but it's a small percentage of our totals. 700 restaurants, So we've been very fortunate. When you say organic and grass fed my mouth immediately starts to water and I jumped on the fat burger website sight. I see you have an X x x l triple King Burger. That's £1.5. Um, I would attempt it. I'm not sure if I could only way have a contest. If you eat that burger, the Triple X Challenge or used to be called the Triple King Challenge. If you can eat that burger, you get a T shirt a certificate, But oftentimes we see guys and girls go into the restaurant and the girls always win because they're much smarter and they're not eating french fries and drinking too much soda while they're trying to get that thing down and They're very methodical about it, So it's definitely a contest. Burger well as the Grateful Dead, said, the women are smarter. What I noticed is there's not a lot of fake meat here on Fatburger on the Johnny Rockets menu. I do see You know, a garden burger Black bean burger? What do you think about the fake meat trend? I don't know. Fake meat is a pejorative term. But you know what I mean right? More and more people are so exit Exactly Way have plant based proteins across all of our brands today. It's impossible Burger domestically and it's fun to be on burger in some international markets because of distribution. But the possible use of great product plant based proteins are here to stay. Brands need to adapt them and Basically you take that that patty the case like these and believes like these, and you had the toppings that come with your burger, whether it's an elevation product or fabric or products or Johnny Rockets product, and it contains so I could Johnny Rockets Burger Fatburger. You know, it's just got a different element of the patty. But plant based proteins air here they're not going away. They make up a segment of the market where it's much better than the ordinary garden burger or bulk of Patty Burger, which we have also, but If you want the flavor of beef, then you're gonna have to go to a plant based protein and it's it's really because people don't want to eat the red meat. It's not because they're the healthiest product in the market because they're not. It's just a delicious product. On the cost side, and he took us about employees and the ability to attract and retain employees these days. There's so much talk out there that stimulus is impacting them. Two words for you Total nightmare. The labor market in the labor market in the restaurant industry right now has been decimated by the stimulus package and unemployment benefits, and it's impossible to get people to come back to work and to get new hires new general manager his new employees in the restaurants that are under construction to be built This is not something that we experienced nine months ago in the first round of Tpp loans and stimulus checks went out. We really didn't see this problem, but now we have people hanging around the hoops to get their check and spend their money instead of coming back. Work and it's It's just been a problem now. Obviously, it's gonna wear off fairly soon when unemployment benefits drop off in the similar texture spent right now it's been very difficult, and it's driven up food prices as well because the same problem exists at the Processing plants and for the distribution centers. So we have shortages all over the country because the back Cisco and US Foods and all the big problem distributors have run out of drivers. And that was nd Wiederhorn, CEO of Fat brands.

Andy Wiederhorn Paul Sweeney Matt Miller Cisco Manhattan Europe £1.5 117% Johnny Rockets Fatburger Tapper Elevation Burger 2019 South America 85% Latin 100 Andy Burger Chan 175 Bloomberg
"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:15 min | 3 months ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"To the fore as a store of value if you think about what it is against gold in terms of all the different attributes That Bitcoin has that gold has Bitcoin outperforms. We're looking at scarcity verifiability to visibility portability, durability. All of these metrics, but Bitcoin outperforms couple now sure, we're going through a volatile adoption period, where it is starting to be recognized as a zoo value. Asset as something that can be perceived as the store value. But as the asset matures, you're only going to see that volatility decline. And that was Richard by Wirth, CEO of de Genetics. Yeah. The restaurant industry really got hit hard during the pandemic, but of course move quickly into the delivery and to go business and Bloomberg's Matt Miller and Paul Sweeney had a chance to ask Andy Wiederhorn, CEO of Fat brands, including restaurants like Fatburger, Johnny Rockets. Buffalo's cafe all about it, Wiederhorn says the industry is hungry for a change right now. Let's listen in. Well, you know, Thanks for having me the I tell you, I could spray. We bought it six months ago. And they're about 225 restaurants. 175 of those are international. They're all over the place all over Europe all over Latin and South America. On. Do you like 100 of them down there, So they're everywhere today, growing rapidly. We don't have one in Manhattan today, but hopefully we'll have another one there soon. And you know, business is going Where? 13 14 months. Andy into this pandemic. Give us a kind of a big four. The pandemic and kind of where we are Now, how is a pandemic impacted your businesses? We've been fortunate in that most of our brands. Have met or exceeded their 2019 levels. Now that recovered the Burger Brands Staffer Elevation Burger, which is an organic grass fed burger chain on the East Coast. And Johnny Rockets recovering nicely allowed delivery into go business s O. They were really fortunate to be able to take advantage of that market. They're probably like 85% of normal there a lot of special, then use that aren't quite open yet. Like amusement parks, theme parks, things like that. Everywhere were Johnny Rockets. New movie theaters has a lot of locations. On the hurricane Growing wings. Buffalo's cafe does or casual dining restaurants with full bars and Al Gore, Daniel rooms and all that there is like 117% of normal, so they're just recovering like crazy and Part of that is because during the pandemic When outdoor dining was allowed on delivering to go raised awareness and then When customers will have to come back to the dining rooms. You have all this additional delivery business customers didn't really know about before, And so now they're over 100% of normal, so doing very well there little bit of trouble in the Midwest with our steakhouse unit Ponderosa bonanza, where a lot of closures for long period time probably lost. Some stores there, but it's a small percentage of our total 700 restaurants, so we've been very fortunate. When you say organic and grass fed my mouth immediately starts to water and I jumped on the fat burger website sight. I see you have an X x x l triple King burger. That's a £1.5. Um, I would attempt it. I'm not sure if I could No way have a contest. If you eat that burger, the Triple X challenge or used to be called the Triple King Challenge. If you can eat that burger, you get a T shirt a certificate, But oftentimes we see guys and girls go into the restaurant and the girls always win because they're much smarter and they're not eating french fries and drinking too much soda while they're trying to get that thing down and They're very methodical about it, So it's definitely a contest. Gregory well as the Grateful Dead, said, the women are smarter. What I noticed is there's not a lot of fake meat here on Fatburger on the Johnny Rockets menu. I do see You know, a garden burger Black bean burger? What do you think about the fake meat trend? I don't know. Fake meat is a pejorative term. But you know what I mean. Right, Maura, why people are so exact Exactly Way have plant based proteins across all of our brands today. It's impossible Burger domestically and it's something beyond Burger in some international markets because the distribution but the possible use of great product plant based proteins are here to stay. Brands need to adapt them and Basically you take that that patty that tastes like bees and bleeds like a thief. And you had the toppings that come with your burger, whether it's a an elevation product or fabric or products or Johnny Rockets product, and it contains so I could tell you rocket burger with that burger. You know, it's just got a different element of the patty. But Maybe thirteen's air here. They're not going away. They make up a segment of the market where it's much better than the ordinary. Garden burger or bulk of Patty Burger, which we have also, but If you want the flavor of beef, then you're gonna have to go to a plant based protein and it's it's really because people don't want to eat the red meat. It's not because they're the healthiest product in the market because they're not. It's just a delicious product. On the cost side, and he talked us about employees and the ability to attract and retain employees these days. There's so much talk out there that stimulus is impacting them. Two words for you Total nightmare. The labor market in the labor market in the restaurant industry right now has been decimated by the stimulus package and unemployment benefits, and it's impossible to get people to come back to work and to get new hires new general managers new employees in the restaurants that are under construction to be built. This is not something that we experienced nine months ago in the first round of Tpp loans and stimulus checks went out. We really didn't see this problem, but now we have people hanging around the hoops to get their check and spend their money instead of coming back. Work and it's It's just been a problem now. Obviously, it's gonna wear off fairly soon when unemployment benefits drop off in the stimulus checks were spent right now it's been very difficult and it's driven up food prices as well because the same problem exists at them. Processing plants and for the distribution centers. So we have shortages all over the country. Because that back Cisco and US Foods and all the big problem distributors have run out of drivers. And that was nd Wiederhorn, CEO of Fat brands and coming up..

Matt Miller Paul Sweeney Andy Wiederhorn Cisco Manhattan Europe 2019 £1.5 85% Fatburger 117% 100 Johnny Rockets Bloomberg US Foods 700 restaurants Andy de Genetics six months ago Latin
"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:53 min | 3 months ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"With the business flash. Let's bring in now. Andy Wiederhorn. He is the CEO of fat brands. They run own and run restaurants, including Johnny Rockets, Fatburger and Buffaloes. Cafe. I'd say that you speak of Johnny Rockets on third and, like 56th on guy would go there and get a double bacon cheeseburger with that apple wood smoked bacon and a peanut butter milkshake, which I would kill someone for one of those right now, but What's changed about the business on decent since I've been down there? I'm in Berlin the last five years, so I've been back in the states, and I don't think that that restaurant on Third Avenue is open anymore. So what's what's Johnny Rockets? Let's Fatburger like now. Well, you know, Thanks for having me the time Rockets brand. We bought it six months ago. And they're about 325 restaurants. 175 of those are international. They're all over the place all over Europe all over. Latin and South America on do you like 100 of them down there, So they're everywhere today, growing rapidly. We don't have one in Manhattan today, but hopefully we'll have another one there soon. And you know, business is going All right. So give us a just give us a were 13 14 months. Andy into this pandemic. Give us a kind of a big four. The pandemic and kind of where we are now, how's a pandemic impacted your businesses? You that we've been. We've been fortunate in that most of our brands have met or exceeded their 2019 levels. Now they recovered. Burger brand Stop Murder Elevation Burger, which is an organic grass Fed burger chain on the East Coast and Johnny Rockets recovering initially allowed delivery into go business s O. They were really fortunate to be able to take advantage of that market. They're probably it like 85% of normal there a lot of special, then use that aren't quite open yet. Like amusement parks, theme parks, things like that. Everywhere were Johnny Rockets. New movie theaters has a lot of locations. On the hurricane Grilling wings, Buffalo's cafe those or casual dining restaurants, with full bars and outdoor dining rooms, and all that there is like 117% of normal, so they're just recovering like crazy and part of that is because during the pandemic When outdoor dining was allowed, delivering to go raised awareness and then When customers will have to come back to the dining rooms. You have all this additional delivery business customers didn't really know about before, And so now they're over 100% of normal, so doing very well there little bit of trouble in the Midwest with our steakhouse unit Ponderosa bonanza, where a lot of closures for a long period time probably lost. Some stores there, but it's a small percentage of our total 700 restaurants, so we've been very fortunate. When you say organic and grass fed my mouth immediately starts to water and I jumped on the fat burger website side. I see you have an X x x l triple King Burger. That's £1.5. Um, I would attempt it. I'm not sure if I could only way have a contest If you eat that burger, the Triple X Challenge or used to be called the Triple King Challenge. If you can eat that burger, you got a T shirt in a certificate. But oftentimes we see guys and girls go into the restaurant and the girls always win because they're much smarter and they're not eating french fries and drinking too much soda while they're trying to get that thing down, and, uh They're very methodical about it, so it's definitely a contest. Gregory well as the Grateful Dead, said, the women are smarter when I noticed is there's not a lot of fake meat here on Fatburger on the Johnny Rockets menu. I do see You know, a garden burger Black bean burger? What do you think about the fake meat trend? I don't know. Fake meat is a pejorative term. But you know what I mean right? More and more people are so exit Exactly Way have plant based proteins across all of our brands today. That's the impossible burger domestically and it's something beyond Burger in some international markets because of distribution, but the possible there's a great product. Plant based proteins are here to stay. Brands need to adapt them. And basically you take that that Patty that tastes like these and bleeds like these, and you had the toppings that come with your burger, whether it's an elevation product or Fatburger products or Johnny Rockets product, and it's gonna taste like Johnny Rockets. Burger, a Fatburger. You know, just got a different element of the patty. But plant based proteins. They're here. They're not going away. They make up a segment of the market where it's much better than the ordinary garden Burger or book of Patty Burger, which we have also, but If you want the flavor of beef, then you're gonna have to go to a plant based protein and it's it's really because people don't want to eat the red meat. It's not because they're the healthiest product in the market because they're not. It's just a delicious product. On the cost side, and he took us about employees and the ability to attract and retain employees these days. There's so much talk out there. That stimulus is impacting that. Two words for you Total nightmare. The labor market in the labor market in the restaurant industry right now has been decimated by the stimulus package and unemployment benefits, and it's impossible to get people to come back to work and to get new hires new general manager his new employees in the restaurants that are under construction to be built This is not something that we experienced nine months ago in the first round of P P p loans and stimulus checks went out. We really didn't see this problem, but now we have people hanging around the hoop to get their check and spend their money instead of coming back. Work and it's It's just been a problem now. Obviously, it's gonna wear off fairly soon when unemployment benefits drop off in the stimulus checks were spent right now it's been very difficult, and it's driven up food prices as well because the same problem exists at the Processing plants and for the distribution centers. So we have shortages all over the country because the back Cisco and US foods and all the big problem distributors have run out of driver's All right. That's actually we've heard that around. The business. Any Wiederhorn CEO fat brands? Thank you so much for joining us. We appreciate your thoughts on the restaurant industry right now. Let's sit down in Washington, D C get rolled in National news with Nathan, a grenade pole star with the red headline that just crossed the Bloomberg terminal. President Biden will pull all U. S forces from Afghanistan by September 11th that is, according to The Washington Post, citing people familiar with the plans. President has said it will be difficult to be former President Donald Trump's May 1st deadline for withdrawal. Oh, is the Afghan government continues peace talks with the Taliban. Now, The Washington Post is reporting. President Biden will announce tomorrow that all U. S forces will be out of Afghanistan by the 20th anniversary. The attacks on the World Trade Center and the Pentagon. Meantime, the White House says the president held a called with Russian President Vladimir Putin in a statement, The White House says the president made clear the U. S will act firmly in defense of its national interests when it comes to cyber intrusions and election interference. President also called on Russia to deescalate tensions over its military build up. On the Ukraine border. Theo US is recommending a pause on Johnson and Johnson's Corona virus vaccine after six women developed the same kind of blood clots reported in the AstraZeneca shot Bloomberg's Irv Chapman reports acting head of the Food and Drug Administration, Janet Woodcock noted the six million Americans who received the J and J vaccine in abundance of caution. We're recommending a pause in the use of the Johnson and Johnson Covert 19 vaccine. These events appear to be extremely rare. However, Cove in 19 vaccine safety is a top priority for the federal government. An expert medical committee will meet tomorrow to evaluate the cases. Meanwhile, the government is supplying substitute doses of the other two vaccines in Washington of Kampman Bloomberg Radio Global News on Air and on Bloomberg Quick take powered by more than 2700 journalists and analysts and more than 120 countries. This is Bloomberg. Imagine the sweet aromas.

Andy Wiederhorn Janet Woodcock Manhattan Johnny Rockets Irv Chapman Cisco Berlin 85% Europe 117% Food and Drug Administration £1.5 Fatburger September 11th May 1st Latin 100 White House tomorrow Buffaloes
"andy wiederhorn" Discussed on KLIF 570 AM

KLIF 570 AM

08:07 min | 4 months ago

"andy wiederhorn" Discussed on KLIF 570 AM

"Driving out of the parking lot where there's no cars except mine. Get on the toll way to go home where there are no cars except mine. I mean, I'm seeing no cars as far as the eye can see. Yeah. And I'm thinking to myself. How is this going to affect life in general? What? What's going to be different, and it just never occurred to me that people were going to just be shopping like crazy online. Because I thought people would be concerned about losing their jobs because clearly the economy is going to be effective, and that's why I also missed the incredible stock market run up. Because I figured the last thing people are gonna want to do is spend money that they're afraid they might not have any more of that. They can't replace. Now I got economic crashes. Economic crashes don't happen anymore. They can't happen Well, that they tell may crash. The crash had already where I was wrong with the crash. It already happened. And the people were going to lose their jobs had already lost their jobs. Everybody else was just working from home looking for something to do pointed. I missed that. That's probably the biggest financial and economic mistake's I have ever made in judging a situation. MasterCard says, Don't expect people to return to brick and mortar shopping. Once pandemic ends. Researchers predict the 80% of that online spending boom will be permanent 80% I still go to stores. But then again, I don't buy anything. They ever your 100 so I'm not surprised. I'm not 100. I'm not even close to 100. So okay, Ernie, how much online shopping did you spend last year versus the previous year? Let's see. I spent zero last year. So and the year before that now, the year before that, that was different. I spent zero Okay. I don't buy stuff online. I buy stuff in person I want to see hold, feel and touch. Whatever it is, I'm buying my online spending has been about the same. So I feel like a lot of these were newcomers to the online market. I've been in the online game for a while unless I for some reason. There's really no reason now. Clothes. I buy everything online. Amazon has this Amazon wardrobe or whatever. We can send the clothes back. Super easy. They give you a bag. Put it in the mail. Yeah, come in. No, not a pain. I don't have to go anywhere. I interact with people. I wouldn't know where to drop it in the mail. I don't know. I live in an apartment. I wouldn't know where to put. I don't know where it is. I would mail something. I have no clue where to mail something. Look, obviously humanity is getting better Things can be shit. Look, here's what it is. Okay, going outside and being around people is down. Prozac Sales are up. Okay, Well, that's good. I'm glad I invested in Prozac Inc is because we need as many antidepressants is pasta certainly is what we're finding out. The more you isolate yourself, the better. Yeah, that's correct. That's why I still go to stores. Look, I'm with you. I do like going to stores. Thank God. I don't think I could ever get to this. By my groceries online. If I do, maybe then maybe it'll be five years from now, But right now, I still can't see me doing that right going in every neighbor around me. If I see delivery people, that's what they're delivering his groceries. Every people have gotten that lazy where they can't be bothered to go to Tom Thumb because Oh, my God, it's a block away. Absolutely ridiculous. By the way, Get that baby under control. I hear you're my wife just comes in here screaming at nation. She don't crush your shop. You don't You think the question you know, she realize you're on the air and yeah, work. I'm working. Honey, You can have this argument later during a major market radio show the baby's screaming in the background. This is why working from home Yeah, That's why I'm here. Every day Next training topic. Many fast food chains were struggling to hire enough people to keep going to states loosen coronavirus restrictions. Taco Bell, for example, is looking to hire a least 5000 employees in one day. On April 21st during a parking lot interview is what they call it. What are they paying? Is it safe? TBD. Here we go again. I got a long list of TBD is we've never did any of them. Total nightmare is the way Fat Brands Inc CEO Andy Witter Horn describes the staffing situation for his restaurants, which includes You guessed it, Johnny Rockets. I like Johnny Rockets, by the way, Never been there. I It doesn't surprise me. I hear stories from friends who run One of my little favorite sandwich shops, and they tell me if people if if people show up for their interview at all after you make an appointment with him if you give them the job They won't show up for that, so or they'll show up later. They'll call and say I can't being on time is not a thing for young people anymore. Being on time. They think if you're demanding people show up to work on time, then then something's wrong with you. Cause that's just not done. That's why I would be a terrible boss. Because if you walk in one minute late, I fire you immediately. You know, I wonder if there's anything to this. Social media. If you're on it a lot, or you see a lot of people that are rich, and it seems like the rich for just being themselves. That's what it appears like Kim Kardashian billionaire now, billionaire, right And I wonder if you're just you're now inundated with this type of stuff. You're you think that you're surrounded by millionaires or billionaires, which you're really not. But then you therefore think that Look this $7. Our job. It doesn't matter. Yeah, I don't need to be there on time like I That's right. People make people this sucks. I know it sucks. They know it sucks. Why should I care? People make value judgments about the job that they're doing. And if it's something that doesn't meet society's view of important or romance, or are non embarrassing. Then they'll treat it like dirt, and it's just a great way to get nowhere in life. I just don't understand that kind of thinking, I guess, in some respect when you have polls showing that 80% of young people, their goal in life is to be famous. Well, okay, I guess I can understand why it's tough to find somebody who's really good at what they do are considering to be good. Taco Bell CEO fat brands that be Andy Wiederhorn again and the Winter horn. He says the most recent stimulus check and unemployment benefits have been a catalyst for people to stay at home instead of looking for work. Do you want a shot who were? Words have never been spoken. What a shock. Well, I mean, But what would he know? What would he know? When it be interesting If you found out that privileged man, But it wouldn't be interesting if you found out that he started on the line at Taco Bell and worked his way up to CEO. Wants her that That was the case for Walmart. They're like all of their executives to have worked in a McDonald's on the floor at some point in their career. WalMart McDonald's all those legacy type companies. They want that they want you to come up through the ranks. Yes, because I think you then get a true understanding of what we're trying to do here and what it takes to run something like that. If you've touched it smelled it. Felt it. You know what you're getting into? Yeah, I mean, bottom line. Bottom line. Is this that? Yeah, it doesn't surprise me that people they're having trouble finding workers. Especially if governments giving you a check that's bigger than you're gonna earn. So yeah, That's why I'm not a big believer in government checks, but that's just me. Well, I'll be applying later today. I know you will. Taco Bell's got your name written all over it. That's trending topics coming up. Trump White House leaks. They were huge. It was a fire hose coming out of the trump White House out of the Biden White House. It's a little different..

Amazon $7 Ernie WalMart Taco Bell MasterCard Walmart Prozac Inc April 21st 100 80% Andy Witter Horn zero Kim Kardashian McDonald Fat Brands Inc last year Tom Thumb Andy Wiederhorn one minute
"andy wiederhorn" Discussed on KLBJ 590AM

KLBJ 590AM

07:46 min | 7 months ago

"andy wiederhorn" Discussed on KLBJ 590AM

"The specified money for the independent restaurants. They're seeking $150 billion in a lot of their leadership. Is complaining today, including Andy Wiederhorn. He is the CEO of Fat brands. He owns a number of restaurants. And here's part of what he's saying regarding Congress and their lack of action to help the restaurant. Specifically, I really don't understand why they're ignoring the restaurant industry in total. I mean delivery and to go is not what restaurants survive on right. It can't make it work. And we're not even talking about the landlord problem that exists right? All these landlords have differed rent a restaurant operators for months, but at some point that's got to be paid. They have mortgages to pay. Also, there's no red relief component of this bill, and not if you included in the Pee, pee pee and then tell people to use it for payroll. It just doesn't work. It's not enough money for small business, particularly for the restaurant industry. All right, Let's go to Lee and Pflueger Ville on K. L B J Good morning, Lee Welcome. Good morning. Marc Melinda. How are y'all doing were great. Thank you. Good. Good. I just want to wish you all a merry Christmas before we get off on things from Merry Christmas. Thank you. Yeah. Hey, you know, my wife and I were talking about the whole stimulus thing last night and we are very fortunate in the fact that we exceed the limit for what? We were not going to receive any stimulus. We didn't receive it the first round. We're not gonna receive any this time. And we're fortunate in that regard. How were you know at the same time? It is our money. And you know if they're wanting this to stimulate the economy and be nice to see a little piece of this in order to do so. I mean, I own my own business. I haven't taken any p p p money. I haven't taken any. I d I d l money. You know, I've been fortunate in that regard. Just been able to get through. But you know as a token gesture, if nothing else, it would sure be nice for all Americans to get some of this as opposed to it going overseas and funding different programs throughout the country That really don't affect anybody on an individual level. I just kind of wanted to see what shall take on that wasp. Well, I understand you, you pay. I'm sure a very large tax bill local and national, and it would be nice to get at least a little bit of that. Coming back as a thank you for all that you play in. Yeah. I mean, Frank. I mean, yeah way pay a pretty hefty hefty tax bill every year, and you know, I Don't work. I've begrudge it and I don't begrudge it. It's it's just the way it is. I mean, I would love to have lower taxes for sure, but as a simple gesture of going out to all Americans, and frankly when you hear about some of these celebrities and politicians that are getting some of the stimulus money in large amount it zbig pill to follow. No, it is it Burns, doesn't it? Go on any 600 bucks to me personally, I'm not. I'm not not a 600 bucks of 16 bucks. It's not some change, but you know, it's not a huge change in my life. Fortunately, I likely I am not trying on the I am. We are very fortunate, and I'm not trying to dismiss that. Um, but, you know, it's just a simple Hey, we're all Americans were in this together. It would be nice to see that. Yeah, well, it's completely understandable. You are helping to pull the wagon. And the float and tell everybody else can get there to help out. It would be nice to have a little bit of a thank you come your way from time to time, Lee, Thanks so much. You have a good day. 51283605. 90 chock is on Kale between Chuck. Good morning. How you doing? I'm doing just fine. Mary. Christmas to you all is well. Go left. Mm. We're losing you there. Well, a TNT losing more calls and more places like that way. Heard that part of our favorite saying is losing more calls and more place anyway were self employed for 37 years. We did not receive eating stimulus checks. But I'm gonna have to pay taxes back to pay for everybody else Who got it? So why didn't I get it? Well, uh, some people in Congress believe that at a certain point You're privileged. You shouldn't get any of you have to pay more than others. You should be saying thank you for the privilege of paying all of those taxes, Chuck so because I work 70 hours a week. Get penalized because somebody else only worked 40 or 30 hours a week correct And that's a rhetorical question. I'm just being honest and here's something else right every quarter. I have to pay on the iris. My quarterly taxes. It doesn't come out of my paycheck every week. If every single person in the country had to write a check to the Irish every quarter instead of having to take out a nickel H week or whatever. They would be furious at the amount that actually come back because you look at your paycheck, and they took $122. Okay, That's not bad. But at the end of the quarter if you've got to write a check for $4000 Give me up in arms, but they do it that way. Intentionally, so that you as a employee, don't see how much money they're taking. No, I agree with you, Chuck. It comes out every check and people if you don't pay attention, which many people don't they just go. I know what the money is that I take home. It doesn't matter how I got there. Yes. The bottom line is what they're looking at. And then, like the stimulus where do these people think the money is coming from? Is it just the iris has the money or the government has the money sitting in some huge account someplace? No, No, they don't have that money. They're gonna tax us for this. How many generations How many of my great great grandkids are still gonna be paying for this? Provided the country exists that part well, Chuck, I suspected the vast majority of people, though, that they're going to get unemployment benefits would rather be out there working right now. They don't want to be sidelined. They would like for their particular business to be opened up so they can get out and hit it and make a living agree. But to your point we got attacks yesterday that was correcting us because we said essentially what Chuck just said. Is that eventually we're going to have to pay this back and we'll pay it back in taxes and the text said you're giving misinformation because we're not going to be taxed on these simplest checks. Oh, yeah, you are. Eventually this whole big sin, stimulus and spending. We have to pay back. How do you think we pay that back? It's through our taxes, So I think a lot of people are Go ahead check. One more thing. I got a letter from the Texas Workforce Commission, saying that they were in the process of calculating how much our employees part our employer portion would be for the coming year because we paid a certain percentage of your paycheck each week that is going to go up. Because all of the unemployment is being paid out has to come from the employer, which means now that I'm gonna I'm gonna pay your salary, which we haven't had a lay anybody off because we're on air conditioning coming. We've been we've stayed afloat, but my taxes that I'm gonna have to pay on my employee's behalf is going to go up next year, so it's going to cost me even more money. Mm. All right, Chuck. Hang in there. Thanks so much. Yeah. Merry Christmas. 51283605 90. You were on a roll there. Did you have one more point to make? Well, No, I just was that I think That is a common thought among people is what we're not taxed on this one particular check that's coming in this $600. They're not going to tax us on that. Yes, they are. We eventually have to pay back everything that they say they're giving us because they never give us anything..

Chuck Lee Welcome Congress Andy Wiederhorn CEO Marc Melinda Frank Burns self employed Texas Workforce Commission Pflueger Ville
"andy wiederhorn" Discussed on KLBJ 590AM

KLBJ 590AM

02:08 min | 7 months ago

"andy wiederhorn" Discussed on KLBJ 590AM

"You can't. It's not equal treatment under the law 14th amendment, especially when you have one. Like the first thing, he pointed out, that goes hand in hand. Yes, the airlines and the hotel business is exactly here's a little bit Maura of Senator Rand Paul. It isn't the pandemic that's killing the economy. It's the government's Overzealous response that is killing the economy. The pandemic itself was disrupted. But Congress is being asked to help perpetuate these lockdowns. The more money we give to the states, the more they keep us in lockdown, every bailout, Dollar printed and passed out to the governor's on. Lee allows these tin pot dictators to perpetuate the lockdown and even after approving over $2 trillion in spending The independent restaurant owners this morning or saying we were two totally left out. There was nothing specifically set aside for the independent restaurants. Yeah, they're to go under the P P p plan, like small businesses, and they're saying even then they haven't made any changes to it in a sense that Where we really need the relief or could use the relief is writing off these tax bills that are now coming up that we didn't think we were gonna have but to helping with our rent of our space, and we're not allowed to write that off, and we still owe this. All the P p p does is make sure that we keep people on the payroll which is great because we need people working. But it's not enough to cover everything that we've been through. Andy Wiederhorn is the CEO of Fat brands. He owns a lot of restaurants, and he's among the restaurant owners who's very upset with Congress. This is too little too late, and look last time it was for three months, maybe to get you through. It's been 10 months. They need to be giving these guys three times as much money as he gave him last time and the stimulus Bill $600 instead of $1200. It's not gonna go anywhere. It's just not enough to move the needle. Congress needs to take care of the restaurant workers in the restaurant operators were going to be so many restaurants, you go out of business. All right, You can call or Texas with your thoughts. 51283605 90. We're live in local market. Melinda 10, 11 and news Radio K..

Congress Lee Andy Wiederhorn Senator Rand Paul Dollar Melinda Texas CEO
"andy wiederhorn" Discussed on KLBJ 590AM

KLBJ 590AM

06:53 min | 7 months ago

"andy wiederhorn" Discussed on KLBJ 590AM

"They're seeking $150 billion and a lot of their leadership is complaining today, including Andy Wiederhorn. He is the CEO of Fat brands. He owns a number of restaurants and here's part of what he's saying regarding Congress. And their lack of action to help the restaurant. Specifically, I really don't understand why they're ignoring the restaurant industry in total. I mean delivery and to go is not what restaurants survive on right. I can't make it work, and we're not even talking about the landlord problem that exists right. All these landlords have differed rent a restaurant operators for months, but at some point that's got to be paid bad mortgages to pay Also, and there's no red relief component of this bill. And not if you included in the Pee, pee pee and then tell people to use it for payroll. It just doesn't work. It's not enough money. Small business, particularly for the restaurant industry. All right, let's go to Lee and Pflueger Ville on K. L B J Good Morning, Lee. Welcome. Good morning Market. Melinda. How are y'all doing were great. Thank you. Good. Good. I just want to wish you all a merry Christmas before we get off on things. Merry Christmas. Thank you. Yeah. You know, my wife and I were talking about the whole stimulus thing last night, and we are very fortunate in the fact that We exceed the limit. For what? We were not going to receive any stimulus. We didn't receive it the first ground. We're not gonna receive any this time. And we're fortunate in that regard, however, you know, at the same time it is our money. And you know if they're wanting this to stimulate the economy and be nice to see a little piece of this in order to do so, I mean, I own my own business. I haven't taken any p p p money. I haven't taken any. I d I b l money. You know, I've been fortunate in that regard. Just been able to get through. But you know as a token gesture, if nothing else, it would sure be nice for all Americans to get some of this as opposed to be going overseas and funding different programs throughout the country. That Really don't affect anybody on an individual level, and I just kind of wanted to see what shall take on that wasp. Well, I understand you, you pay. I'm sure a very large tax bill, local and national And it would be nice to get at least a little bit of that. Coming back as a thank you for all that you play in. Yeah. I mean, Frank. I mean, yeah way pay a pretty hefty Happy tax bill every year, and you know, I Don't worry. I've been grudges and I don't begrudge it. It's it's just the way it is. I mean, I would love to have lower taxes for sure, but as a simple gesture of going out to all Americans, and frankly when you hear about some of these celebrities and politicians That are getting some of the stimulus money in large amount. Yes, it zbig pill to swallow. No, it is it Burns, doesn't it? Go on any 600 bucks to me personally, I'm not. I'm not not a 600 bucks of 16 bucks. It's not some change, but you know, it's not a huge change in my life. Fortunately, I like to say I am not trying on the island. We're very fortunate, and I'm not trying to dismiss that. Um, but, you know, it's just a simple Hey, we're all Americans were in this together. It would be nice to see that. Yeah, well, it's completely understandable. You are helping to pull the wagon. And things afloat until everybody else can get there to have. It would be nice to have a little bit of a thank you come your way from time to time, Lee, Thanks so much. You have a good day. 51283605. 90 chock is on Kale between Chuck. Good morning. How you doing? I'm doing just fine. Merry Christmas to you all is well. The last No. We're losing you there. Well, 18 t losing more calls and more places like that way. Heard that part of our favorite saying is losing more calls and more place anyway were self employed for 37 years. We did not receive eating stimulus checks, but I'm gonna have to pay taxes back to pay for everybody else Who got it? So why didn't I get it? Well, uh, some people in Congress believe that at a certain point You're privileged. You shouldn't get any of you have to pay more than others. You should be saying thank you for the privilege of paying all of those taxes, Chuck so because I work 70 hours a week. Get penalized because somebody else only worked 40 or 30 hours a week correct And that's a rhetorical question. I'm just being honest and here's something else right every quarter. I have to pay the iris. My quarterly taxes. It doesn't come out of my paycheck every week. If every single person in the country had to write a check to the iris every quarter instead of having to take out a nickel H week or whatever. They would be furious at the amount that actually comes out because you look at your paycheck and they took $122. Okay, that's combat. But at the end of the quarter if you've got to write a check for $4000 Could be up in arms. But they do it that way. Intentionally, so that you as a employee, don't see how much money they're taken. No, I agree with you, Chuck. It comes out every check and people If you don't pay attention, which many people don't they just go? I know what the money is that I take home. It doesn't matter how I got there. Yes. The bottom line is what they're looking at. And then, like the stimulus where do these people think the money is coming from? Is it just the iris has the money on the government Has the money sitting in some shoes account someplace? No, No, they don't have that money. They're gonna tax us for this. How many generations How many of my great great grandkids are still gonna be paying for this? Provided the country exists that part well, Chuck, I suspected the vast majority of people, though, that they're going to get unemployment benefits would rather be out there working right now. They don't want to be sidelined. They would like for their particular business to be opened up so they can get out and hit it and make a living agree. But to your point we got attacks yesterday that was correcting us because we said essentially what Chuck just said. Is that eventually we're going to have to pay this back and we'll pay it back in taxes and the text said you're giving misinformation because we're not going to be taxed on these simplest checks. Oh, yeah, you are. Eventually this whole big sin, stimulus and spending. We have to pay back. How do you think we pay that back? It's through our taxes, So I think a lot of people are Go ahead check. One more thing. I got a letter from the Texas Workforce Commission, saying that they were in the process of calculating how much our employees part our employer portion would be for the coming year because we paid a certain percentage of your paycheck each week that is going to go up..

Chuck Lee Congress Andy Wiederhorn CEO Texas Workforce Commission Frank Burns self employed Pflueger Ville
"andy wiederhorn" Discussed on KLBJ 590AM

KLBJ 590AM

04:19 min | 7 months ago

"andy wiederhorn" Discussed on KLBJ 590AM

"Effort to make sure that we get some stimulus done before they left to go on their Christmas break. They put everything in there gave a few hours and then said vote and now we're left with the price tag. I don't think anybody's happy with what happened yesterday. I'm hearing a lot of complaints from Democrats and Republicans. Have you heard anyone who's pleased? With what happened yesterday. Pelosi Schumer McConnell, You know the old farts that came up with all of this? They're They're extremely pleased because they can sit there and say, Look, we did something for you, You American people that have been demanding us to do something over the months we did something. Merry Christmas. Ah, lot of regular everyday Americans are upset over this for one reason or another. And that that's probably one reason why Rand Paul's speech on the Senate floor before he voted No went viral yesterday. Here's a part of what Senator Rand, Paul said about this spending monstrosity, a business and one zip code can open. But one in adjoining zip code across the street has to close as if the virus can't cross an imaginary line. Airlines are allowed to fly, but hotels have to limit their occupancy. So you may not have anywhere to stay when you get there. Mom and pop stores and specialty stores are forced to close but big box store competitors are allowed to stay open. His complaint is the governors have too much power. They're setting arbitrary rules like this side of the ZIP code to shut down that side is open, and he says that's the problem with the economy. And he says These are terrible decisions that some of these governors are making everything he just said I I don't know if this just falls on people that just won't listen. Don't care to see. But everything he just said, points out the hypocrisy of these lockdowns in the shutdowns. How do you justify one business? But say the other one Isn't up to par can open. You can't. It's not equal treatment under the law 14th amendment, especially when you have one. Like the first thing, he pointed out, that goes hand in hand. Yes, the airlines and the hotel business is exactly here's a little bit Maura of Senator Rand Paul. It isn't the pandemic that's killing the economy. It's the government's Overzealous response that is killing the economy. The pandemic itself was disrupted. But Congress is being asked to help perpetuate these lockdowns. The more money we give to the states, the more they keep us in lockdown, every bailout, Dollar printed and passed out to the governor's on. Lee allows these tin pot dictators to perpetuate the lockdown and even after approving over $2 trillion in spending The independent restaurant owners this morning or saying we were two totally left out. There was nothing specifically set aside for the independent restaurants. Yeah, they're to go under the P P p plan, like small businesses, and they're saying even then they haven't made any changes to it in a sense that Where we really need the relief or could use the relief is writing off these tax bills that are now coming up that we didn't think we were gonna have but to helping with our rent of our space, and we're not allowed to write that off, and we still owe this. All the P p p does is make sure that we keep people on the payroll which is great because we need people working. But it's not enough to cover everything that we've been through. Andy Wiederhorn is the CEO of Fat brands. He owns a lot of restaurants, and he's among the restaurant owners who's very upset with Congress. This is too little too late, and look last time it was for three months, maybe to get you through. It's been 10 months. They need to be giving these guys three times as much money. Is he gave him last time and the stimulus Bill $600 instead of $1200. It's not gonna go anywhere. It's just not enough to move the needle. Congress needs to take care of the restaurant workers in the restaurant operators were gonna be so many restaurants. You go out of business. All right, you can call or text us with your thoughts. 51283605 90. We're live in local market. Melinda 10, 11 and news Radio K. L B. J..

Senator Rand Paul Congress Lee Senator Rand Pelosi Schumer McConnell Andy Wiederhorn Melinda Dollar Senate CEO
"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:51 min | 1 year ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"Both Johnny Rockets restaurant chain and he didn't during the pandemic. Let's welcome now. Fat brown CEO Andy Wiederhorn, Andy. Congratulations, very A bold and brave decision to make. I assume you decided that it was a good one to make, because people would be needing to find food that happened to, you know, go to a grocery store chains that might be out of what they needed. Is that what caused you to buy the Johnny Rockets restaurant train? Great here. Yes, You know, we've been looking to buy the spent for several years. It hasn't just been an impulse purchase for us. We inquired about finding around a few years ago. They weren't ready to sell it. And finally they put it on the market at the beginning of the year before the pandemic, So we started the process then and then everything got shut down, of course, and we've got two kept discussions going on, and I figured out a clear path to get to the finish line. But this brand new rocket is a is a great brand. It's iconic it. It's well known around the world. It fits in our portfolio of other burger brands with it seemed seemed designed complements the other brands we have, so it's really good. Part of the Johnny Rockets. Appeal, though, is the whole diner atmosphere, right? The red seats and pulling up and the ordering, you know, feeling like you're in a sixties joint. What happens when people don't get that when they really just get the food? Well, so you know, it is always about the food, but no one wants to go to a restaurant. You know, like the food. Johnny Rockets has great food. That's not that's not an issue of milk shakes fries. You know the atmosphere's fun. And look, you know, Covert 19 crisis is really crisis, but it's a short term prices. This will be over in, however long the six months 12 months, whatever it will be over. People will return to some normalcy in their lives. Johnny Rockets has delivery into go, so they're they're surviving on that today, to the extent that they don't have outdoor dining rooms or whatever the particular state or country is allowing right now. But, you know, I don't really think that this is a long term crisis. It is very Devastating to the short term to restaurant operators that everyone will get through this and, you know live to fight another day. How are you differentiating yourself with other fast restaurant chains, So we've seen Chipotle do well during this. For example, McDonald's has been doing pretty well on obviously slightly different food, but at the same time, you know, I'm sure you appeal to a similar demographic. So how do you get that business and and steal that market share while you can. Yeah, You bet. So our the brand stopper Garden Elevation burger are two other burger vans and elevation burgers and Australian eats grass fed organic burger chains that differentiates it right. There was like french fries fried in olive oil. On tap burger, iconic urban brand shakes fries all kinds of ingredients on totally different experience. This custom made right in front of you, one by one in order everything separately. Rockets has pre designed Burgers where you could pick the different different items off the menu, and it stands out really, for the shakes the fries and the burgers that are just so I identified with In the 19 fifties and the diner concept, so it's really from a delivery and to go perspective. We were always around 35% delivery and to go now that shot up to more than 70% on all the delivery platforms, so it's very easy to stay in the game. With delivery to go. We're also going to introduce plant based proteins to Johnny Rockets. They haven't haven't embraced that. They've had a black bean burger but not impossible burner. We sold a million possible burgers last year tappers alone, So I think that would be a great alternative to introduce. Also, like Vegan milkshake, vegan cheese just so you can appeal to everyone. Yeah, absolutely. So your franchisees. How are they doing? Have they've been able to, you know, keep up payments. Are you taking care of them? How is it all working? Well, so we view the franchisees are customer right cause that's what pays us a royalty. It's not really the customer eating the burger franchises. So that's a very important question. Our entire focus was to pivot on the Survival of the franchise fee. We have to coach them into getting the PPP bones which were extremely helpful, and we need another round of those to coach them and negotiate with their landlords could help him get better terms from the food suppliers. To get tpp and tp the massing thermometers and clubs and things like that in all the restaurants and change our advertising to market that to go on delivery right now, So we've done that, and we've seen our burger brands are operated in the 75 to 80% of normal range right now, and that's with a lot of dining rooms. Still closed so they don't really well but you know, they really, really need another round of epi. Yeah. I mean, do you have a percentage of off restaurants that you think we'll close? Some, You know, potentially fantasies. And are you lowering the I suppose royalty fees that you're charging them. So first of all of that out of our 375 restaurants before Johnny Rockets with John Ross will be 700. We lost about 15 restaurants over that over the last six months, and not a very big percentage. Most of the restaurant operators have hung in there and have the Main power with people needed to do that again. I can't tell you enough how helpful that was, But I think you know that from a royalty perspective if the restaurant's cell less than we get Halo, so it's proportionate in terms of lower in the world that happens automatically. You know, our focus right now is just get them through that and get the operator's through the winter because a lot of the outdoor dining right is going to be over here in a couple of months, Right, Tio different temperature for sure have tense and heaters and things like that ordered right now. Don't wait till October to order those things. And let's hope we don't get the diamonds back, open everywhere, even in a even a moderate exactly and get 60 sixes and a grilled cheese and our Philly stakes are thanks to you, Fat bronze CEO Andy Wiederhorn on all of that. Now let's get to our 99 1 Studios in Washington D. C.

Johnny Rockets Andy Wiederhorn Rockets CEO Washington Chipotle McDonald Philly John Ross
"andy wiederhorn" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 1 year ago

"andy wiederhorn" Discussed on Bloomberg Radio New York

"To buy the Johnny Rockets restaurant chain during the pandemic. Was it a good plan you shall see. Andy Wiederhorn will join will also speak to Kevin Whitelaw on the Postmaster general's testimony before Congress today and what to expect this week from the RNC. First, Let's get a Bloomberg business rush from Charlie. I thank you very much money. Quinn. Developing story for anyone working at home this Monday. Zoom video communications says service has been restored for some users also says so. It's continuing to roll out a complete fix for any users still affected by an outage. Zoom shares are moving lower now down by 4.3%. US equity markets higher across the board, the Dow, the S and P and NASDAQ. All advancing has subpoena stack trading records following European and Asian stocks higher on signs the Trump Administration may fast track vaccines and treatments for Corona virus. Right now, the SNP is up 22. That is a gain of about 7/10 of 1%. The Dow Jones Industrial Average up 280 points up now by 1%. NASDAQ At a record of 27 up by 3/10 of 1%, the 10 year Yield 100.64% gold is lower now by 4/10 of 1%. 1932 for the ounce of precious metal coil rising as to storm's heading for the Gulf coast for offshore operators to curtail production. West Texas Intermediate crewed up 9/10 of 1% right now, 40 to 70 for a barrel on W T. I Federal Reserve report suggests the U. S economy is moderating and with more on that story, Here's Bloomberg's Videl Judy. Chicago Feds. National Economic Index throttled down in July from record back to back games and main June, production and employment leveled off after sharp rebound from covert 19 shutdowns. Fed officials have said the economic outlook depends on the course of the pandemic. Annie, tell Jud Ice Bloomberg Radio and again recapping equities higher with the S and P off 22 up by 7/10 of 1%. I'm Charlie. That is a Bloomberg business Flash. You're listening to Bloomberg markets with Bonnie Cran and Poles Weenie on Bloomberg Radio. Very interesting story next. The money.

Bloomberg Bloomberg Radio Andy Wiederhorn Johnny Rockets Kevin Whitelaw RNC National Economic Index Trump Administration Charlie US Bonnie Cran Quinn Congress Chicago Videl Judy Gulf West Texas Intermediate
"andy wiederhorn" Discussed on KSFO-AM

KSFO-AM

02:02 min | 1 year ago

"andy wiederhorn" Discussed on KSFO-AM

"Hurt me. But you ever does anything? I hate an American original birdies on American rich. I'm going to say, you know the way you drifted into my lane back there with no turn signal at half the speed everybody else. You are an American original. That guy squatting in that pot in the city. Center in San Francisco. Taking a crap in the middle of the day is an American original, and he's an American original. Not exactly a compliment. Start your day with Armstrong and getting 6 to 9 on talk Radio 5 60 KSFO. Is the Fox News. Run down, you know, the latest from Fox business. Timeless Clayman and this is the Fox Business report. Investors will be reacting today to the number of new claims for unemployment benefits filed last week. Fat brands, the parent company of Fat Burger is buying Johnny Rockets for $25 million. That combined businesses will have 700 restaurants across nine chains that brands Chief executive Andy Wiederhorn says he's expecting customers to come back to casual dining chains after the pandemic subsides and the deal reflect Is that optimism, he says sales have jumped in some markets. Thanks to outdoor seating and delivery computer networking companies. Cisco Systems is offering a less optimistic outlook and plans to cut jobs. Though it's hoping people will take voluntary early retirement. Sisko sees a weaker than expected fall quarter. That's your Fox business report. I'm GeneCo's LDA invested in you. This's the Fox News run down down. As the Trump Administration makes deals to buy up doses of.

Fox News Fox Business Fox Andy Wiederhorn Fat Burger Trump Administration San Francisco Johnny Rockets Chief executive Sisko Armstrong