4.8 • 1.9K Ratings
🗓️ 2 July 2020
⏱️ 42 minutes
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0:00.0 | I just want to give a start this off with a quick correction to something we were talking about yesterday |
0:06.1 | It was deeper in episode. It was about Pizza Hut and Wendy's I don't know if you recall that conversation |
0:17.7 | We were kind of bantering about as if the entire brand of Pizza Hut or Wendy's where filing for bankruptcy, it's actually just a really powerful and large franchisee |
0:28.9 | and my brain somehow skipped that word in the headline. |
0:33.8 | Also just because it's hard to imagine |
0:36.5 | an individual franchisee owning this number of stores. |
0:40.8 | So the company NPC International is the operator of 1200 Pizza Huts and 400 Wendy's |
0:47.9 | restaurants and they're filing for bankruptcy. So it's still obviously a massive impact for either of those |
0:54.0 | brands but that's why the numbers kind of messed me up when I was like wait a |
0:58.4 | second there's more than 400 Wendy's I was saying in the clip yeah and there's certainly more than 12 |
1:03.7 | hundred pizza huts but this is their biggest individual franchisee in other |
1:08.2 | words their biggest independent owner of a number of stores. |
1:13.0 | So if you go watch that segment, |
1:14.7 | then I'm just reframing it or admitting |
1:18.0 | that we kind of talked about it in the wrong way. |
1:21.0 | Nonetheless, it could end up being a problem for both of those brands if this |
1:24.8 | particular franchisee goes under, they take all those stores with them. |
1:29.2 | Although still it sounds like they're going to figure it out through the |
1:31.5 | restructuring. |
1:32.5 | All right, so that's number one. |
1:33.4 | Number two, I want to mention our first sponsor here on this show, |
1:37.7 | Will, believe it or not. |
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