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Financing

Marketing and digital drove McDonald's sales last quarter

 By Jonathan Maze on Apr. 30, 2024

U.S. same-store sales at the fast-food restaurant giant grew 2.5% in the first quarter. But traffic is down at the chain’s restaurants amid pressure on the consumer.

Financing

As it loses customers to rivals, McDonald's shifts its focus to value

 By Jonathan Maze on Apr. 30, 2024

The fast-food giant appears to be losing the battle for customers looking for lower prices to Burger King and Domino’s. McDonald’s wants a national value offer to change that.

Financing

Burger King is investing another $300M in remodels

By Jonathan Maze on Apr. 30, 2024

The fast-food chain is expanding its “Royal Reset” remodel program to fund more restaurant remodels through 2028.

Financing

Subway completes its sale to Roark Capital

By Jonathan Maze on Apr. 30, 2024

The fast-food sandwich giant is finally changing hands after the sale to the private-equity firm was delayed over regulatory concerns.

Financing

Subway slowed its closures last year, but not by much

By Jonathan Maze on Apr. 29, 2024

The sandwich giant closed more than 400 U.S. restaurants last year, continuing a long string of net closures. It also generated a lot more revenue from suppliers in 2023.

Consumer Trends

Stoners are big fans of DoorDash and Little Caesars, data shows

By Joe Guszkowski on Apr. 29, 2024

Cannabis users are far more likely to order delivery and fast food than those who don’t indulge, survey results from Numerator show.

Financing

A lot more people ordered Domino's Pizza last quarter

By Jonathan Maze on Apr. 29, 2024

The pizza chain saw transaction growth in both delivery and carryout and from all groups, as the company’s loyalty program and value take hold.

Financing

Malls are quietly making a comeback

By Jonathan Maze on Apr. 25, 2024

Once left for dead as shoppers moved online and then the pandemic hit, malls are regaining lost traffic. And that has been a boon for restaurant chains like Auntie Anne's, Cinnabon and Chick-fil-A.

Financing

The owner of Fatburger is making a big move into cobranding

By Jonathan Maze on Apr. 18, 2024

Fat Brands just announced a 40-year deal that will place its flagship burger brand into 40 Round Table Pizza locations. Here’s why the company is so big on the idea.

Beverage

Starbucks' new cold cups will use a lot less plastic

By Jonathan Maze on Apr. 18, 2024

The Seattle-based coffee shop chain, which now gets most of its beverage sales from cold coffee, is introducing new, more sustainable cups that cut plastic by up to 20%.

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