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Financing

Steak n Shake's sales and profit improve, but stores keep closing

While the brand has been selling stores to operating partners, traditional franchisees keep closing units. So does the company.

Financing

KFC learns to sell boneless chicken in the U.S. from its global markets

The chicken chain, known for its bone-in chicken, sold 100 million chicken nuggets in eight weeks last quarter as its boneless offerings thrive—finally.

The owner of KFC, Pizza Hut, Taco Bell and Habit continues to add to its in-house technology capabilities and is building digital sales. But the company wants to keep its focus on what matters.

The coffee giant, known most for urban areas and more recently suburbs, believes it has plenty of room to grow. And that could include smaller communities.

The company plans to add the artificial intelligence technology from SoundHound to 100 locations by the end of next year.

The investor, whose Biglari Holdings owns Steak n Shake, has acquired 9.1% of the shares of the chicken chain in his latest “passive” investment.

The venerable chain embraced what it is, a pizza-by-the-slice brand that does best in high-traffic areas. And it is growing nearly a decade after filing for bankruptcy.

The Bottom Line: An analysis of the burger giant’s locations shows that its biggest opportunity to add more restaurants may not be in the Southeast.

The chicken-sandwich chain plans to open two new prototypes targeted at takeout customers, including one of them with a four-lane drive-thru under a second-story kitchen.

The burger giant plans to open the new, smaller-format concept in select markets as it looked for alternative strategies to bolster its growth.

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