ICR CONFERENCE GUIDEBOOK & PREVIEW
The ICR Conference will be held virtually this year, but it is still one of the largest consumer investment conferences of the year. We are publishing a Guidebook to provide a reference guide for many presenting companies in our Restaurants, Consumer Staples, and Cannabis sectors. The Guidebook will provide an investment summary of our focus companies presenting at the conference. Each company section will provide an investment overview, brief company synopsis, and questions and discussion points for the management teams. In Restaurants, we will talk about DRI, BFI, JACK, RRGB, SHAK, PLAY, DPZ, CHEF, BROS, FWRG, DNUT, and PTLO.
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CLICK HERE at the time of the event for the live conference preview webcast or download the Conference Guidebook. |
THE SBUX mandate
SBUX is a LONG
Starbucks Corp. requires its U.S. employees to be vaccinated against Covid-19 or submit to regular testing, one of the first large restaurant chains to take such a step ahead of potential federal vaccination mandates for large employers. Starbucks said Monday that workers in its U.S. cafes, offices, and manufacturing plants must be vaccinated by Feb. 9 or get tested weekly. Workers who choose testing must have a pharmacist or doctor administer it instead of taking one at home, and workers will need to themselves obtain and cover any costs for the tests, the company said in a message to U.S. stores. U.S. workers must disclose their vaccination status by Jan. 10, as they had previously allowed baristas to report their vaccination status voluntarily. "My responsibility, and that of every leader, is to do whatever we can to help keep you safe and to create the safest work environment possible, " Mr. Culver wrote. Last month, a federal appeals court reinstated Biden administration rules that require businesses with 100 or more employees to ensure that their workers are vaccinated or tested weekly for Covid-19. The Supreme Court said it would hear oral arguments early this month on emergency appeals filed by groups of employers and Republican officials trying to stop the requirements. The Labor Department said in December it would give employers until Feb. 9 to comply with the rule's testing requirements, an extension from an original Jan. 4 deadline. The SBUX move will cover others in the industry to do the same. Starbucks told its stores last week that it is experiencing rising instances of COVID-19 cases and self-isolation among its workforce and says it will increase referral bonuses paid to baristas for recommending workers to $200 from $50.
Popeyes in South Korea
QSR is a SHORT
Restaurant Brands International (QSR) and a wholly-owned subsidiary of Silla Group to develop and open hundreds of Popeyes restaurants across South Korea in the coming years. Silla Group operates across several verticals in South Korea and globally, including F&B restaurants, sea-food distribution, deep-sea fishing, agriculture, and industrial manufacturing. "We are thrilled to launch Popeyes® with the Silla Group subsidiary. We have strong confidence in the group and are pleased to announce exciting plans to bring our iconic Louisiana-style chicken to one of the largest chicken QSR markets in the world," said David Shear, President RBI International, the parent company of Popeyes®. "Our entry illustrates our commitment to serving more guests around the world and the execution of our growth plans for the Asia Pacific region."
