Chris Kempczinski said at the CNBC Global Evolve Summit Wednesday that hourly wages will rise to $15 across the industry regardless of legislative mandates due to the strength of the economy.
The agency revoked approvals of women, veteran and other disadvantaged applicants after Texas and Tennessee judges issued injunctions on the disbursement of the funds, arguing the prioritization of certain operators was unconstitutional.
In court filings last week, the SBA said these operators would only receive funding once the agency "completes processing all previously filed non-priority applications," during which time RRF funds could run dry.
2020 was a test of survival for independent restaurants, with 3% of operators saying they closed their doors for good. Discover how restaurants are attracting dine-in customers and making a comeback in this Trendline.
The move comes as Popeyes' digital sales make up about 14% of total sales in the U.S. and have contributed to the chain's continued double-digit same-store sales growth throughout the COVID-19 crisis.
Investments in virtual restaurants rose in 2020 as operators adapted their offerings for the pandemic. Explore the latest dining trends in this Trendlne.
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