Restaurant News Roundup, 03/21/2024
Salaried fast-food managers in California will be entitled to overtime pay under the state’s new minimum wage law that goes into effect next month. Read more here: https://www.restaurantbusinessonline.com/workforce/californias-new-fast-food-wage-law-will-also-expand-overtime-eligibility
As the restaurant industry anticipates record sales in 2024, insurance costs are likely to go up as well. Higher restaurant receipts means higher general liability costs, says an insurance executive. Read more here: https://www.insurancejournal.com/magazines/mag-features/2024/03/18/764913.htm
Planned split of Chipotle stock sends shares to a high of almost $3,000. Read more here: https://www.pennlive.com/business/2024/03/beloved-restaurant-chains-stock-nearly-hits-3k-a-share-after-companys-big-announcement.html
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