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How this Fortune 500 CFO is driving success.

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In this issue:

Pit stop

Fries with that?

Wage contraction

Jesse Klein, Courtney Vien, Natasha Piñon, Courtney Vinopal

STRATEGY

Vontier

Andriy Onufriyenko/Getty Images

Once, getting off the highway for gas meant a quick detour, with maybe a stop at a convenience store with hot dogs of dubious provenance and facilities that weren’t all that sanitary. But that side-of-the-road experience has changed in recent years.

Convenience store chains like Wawa, Sheetz, and Buc-ee’s have garnered cult followings with made-to-order food, branded merchandise, and, yes, super-clean restrooms. Car washes are suddenly everywhere, and many of them offer subscriptions. And gas pumps now share the same stretch of asphalt with EV chargers.

Anshooman Aga, CFO of Fortune 500 company Vontier, told CFO Brew that his company is well positioned to capitalize on these trends. The subsidiaries under its umbrella address many different aspects of what’s called the “mobility ecosystem,” he said, and Vontier’s people and processes give it a leg up as well.

A multifaceted view on the mobility space: You might not recognize the name Vontier, but if you drive, you’ve very likely encountered the hardware and software it manufactures and supports. Its subsidiaries include gas pump manufacturer Gilbarco Veeder-Root; car repair tools maker Matco Tools; EV charging station business EVolve; car wash software provider DRB; and Invenco, which produces point-of-sale systems and software for convenience stores. They have a broad reach: Vontier technology is used at some 250,000 fueling sites, 65,000 convenience stores, and 17,000 car washes.

Having a foothold in so many different parts of the industry gives Vontier an advantage, Aga believes.

For more on Vontier’s strategy, click here.Courtney Vien

Presented By Paystand

EARNINGS

Fast food restaurant earnings

Anastasiia Krivenok/Getty Images

Just like you might turn to McDonald’s for truly delectable soft serve, Denny’s for breakfast at a mock trial tournament in middle school, and KFC when all hope is lost, earnings reports from the key fast-food players all have a slightly different function, too.

Denny’s, which reported last week, was something of an appetizer—one that left a not-so-savory taste in the mouth about the state of the US consumer.

The chain’s adjusted net income came in at $4.8 million, down from $6.9 million the same time last year, but total operating revenue was $117.7 million, up from $115.9 million last year.

Denny’s CEO Kelli Valade said at the top of the company’s earnings call that the “very choppy consumer environment” Denny’s faced in Q1 continued into Q2.

“Household incomes remain under pressure and consumer sentiment continues to be volatile, meaning consumers are pulling back on spending across most categories, and they’re being more selective about where to spend,” Valade said, adding the company expects “the volatility in consumer sentiment will moderate over time.”

What are fast food earnings telling us about the state of the American consumer?NP

COMPENSATION

M&A cash

Redvector/Getty Images

In 2026, US employers are expected to grant employees raises that are largely in line with what they’re receiving this year, according to a Payscale report released on Aug. 7.

Economic concerns drive smaller compensation budgets. The report, which draws on a survey of more than 1,500 Payscale clients in May and June, finds respondents expect workers will see their base pay go up by 3.5% next year, on average, down just 0.1% from this year.

But for organizations planning to shrink their compensation budgets, economic concerns loom much larger than in previous years. Of the respondents who said their 2026 budget for salary increases is expected to be lower than their 2025 budget, nearly two-thirds (66%) said they were “concerned about future economic conditions or business performance,” up 17 percentage points from last year.

This isn’t necessarily surprising given the economic backdrop. Inflation rose 2.7% in June, reaching its highest level since February, and the Trump administration recently imposed sweeping tariffs on trade partners, potentially hampering businesses’ appetite for hiring and raising worker wages.

Keep reading HR Brew’s story on shrinking compensation budgets here.Courtney Vinopal

Together With Workiva

MARKET FORCES

market forces chart

Francis Scialabba

Today’s top finance reads.

Stat: 6 years. That’s the drop in median age of founders at Y Combinator, the prestigious San Francisco startup incubator. The median age in 2022 was 30, and this year it was 24. (The New York Times)

Quote: “The days of lifetime job security and pensions are long gone. But CEOs have rarely acknowledged the change, because they’ve gotten a lot of hard work out of their staff who still believe they’ll be taken care of in return. At least Stankey is clear: He won’t even pretend to be loyal to his workers.”—Aki Ito, chief correspondent at Business Insider, writing about a memo AT&T’s CEO John Stankey sent to employees after some negative responses to an employee pulse survey (Business Insider)

Read: CEOs can’t wait to trim their workforces with AI. But have they considered an AI CEO? (Fortune)

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