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The Cherry's The Least Of Their Problems
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Midwest fast food institution Steak 'n Shake is in deep financial trouble, so deep that the CEO hailed his latest innovation to help the bottom line at the shareholder meeting: He said that they'll save $1 million a year by ditching the cherries atop the milkshakes. Seriously? They lost almost $19 million in first quarter alone. It's getting a little desperate there, which is amazing considering that the chain had such a good regional reputation; people in the Midwest spoke of Steak 'n Shake the way Californians do about In-N-Out and Philadelphians tout Wawa. The CEO is also trying other options, including selling off company-owned stores to franchisees, but it's looking dark enough so that cherries are endangered. (Also, truth be told, I've never been all that impressed with the food. It ain't no In-N-Out, or Five Guys, or Whataburger, or....) (CBS News)
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