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Financing

Is fast food now a luxury? Most Americans think so

 By Jonathan Maze on May 28, 2024

Nearly 80% of Americans now view fast food as a “luxury” as rising restaurant menu prices force most of them to cut back on dining out.

Financing

Restaurants get dragged into The Misinformation Age

 By Jonathan Maze on May 24, 2024

The Bottom Line: Big Mac prices, corporate views on Israel-Palestine and even store closures have been subject to misinformation and outright lies. Blame the presidential election.

Leadership

Wendy's names Abigail Pringle U.S. president

By Jonathan Maze on May 23, 2024

The fast-food burger chain reconfigured its leadership team again, bringing back the U.S. president position 17 months after it was eliminated. E.J. Wunsch was named president of international.

Financing

Fast-food restaurants are hit hardest as customers cut back

By Jonathan Maze on May 23, 2024

The giant food distributor Sysco said the consumer environment has been tougher on restaurants than expected this year due to higher menu prices.

Financing

Tasty Restaurant Group buys 64 more KFC restaurants

By Jonathan Maze on May 22, 2024

The multibrand franchisee, which also operates Pizza Hut, Burger King, Dunkin’ and Taco Bell, acquired the locations in the central and Southeast U.S.

Financing

Brands need to think creatively as the industry heads into a value war

By Jonathan Maze on May 21, 2024

The Bottom Line: Giving customers meal options they can afford will be key to generating traffic this year. But make sure those offers can generate a profit.

Financing

Get ready for a summertime value war

By Jonathan Maze on May 17, 2024

The Bottom Line: With more customers opting to eat at home, rather than at restaurants, more fast-food chains will start pushing value this summer.

Financing

Burger King is now its own biggest operator, for now

By Jonathan Maze on May 17, 2024

The fast-food chain has completed its acquisition of Carrols Restaurant Group, its largest franchisee. The deal will help the brand speed remodels and change its model of franchisee ownership.

Financing

Frustrated fast-food customers are apparently heading to Walmart

By Jonathan Maze on May 17, 2024

The retail giant suggested its value is pulling customers away from restaurants, where menu prices continue to increase.

Financing

How Popeyes changed the chicken business

By Jonathan Maze on May 17, 2024

How did a once-struggling, regional bone-in chicken chain overtake KFC, the formerly dominant player in the U.S. market? With a fixation on sandwiches and many more new restaurants.

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