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McDonald’s has a deal to sell its Russia restaurants to a licensee

 By Jonathan Maze on May 19, 2022

Alexander Govor will acquire the company’s entire portfolio, McDonald's said. He has been an operator with the chain in Siberia since 2015.

Financing

McDonald’s Russia closure is a rare international setback

 By Jonathan Maze on May 17, 2022

The Bottom Line: The burger giant has flourished in international markets even as its U.S. growth slowed. But its $1.4 billion decision to pull out of the market demonstrates the risk of global expansion.

Financing

McDonald's says it is selling its Russia business

By Jonathan Maze on May 16, 2022

The burger giant is exiting the market after 32 years, saying ownership of restaurants there is "no longer tenable." It is the company's first exit of a major market in its history.

Financing

McDonald’s scores a big victory in its pig proxy against Carl Icahn

By Jonathan Maze on May 16, 2022

A major proxy advisory firm endorsed the company’s directors in its upcoming board election, saying the investor is “economically divorced from the potential impacts of its proposals.”

Financing

A lot of McDonald’s franchisees left the system last year

By Jonathan Maze on May 16, 2022

A record 1,700 restaurants changed hands last year and more than a quarter of franchisee units have either closed or been sold since 2019.

Financing

Here are the country’s biggest burger chains

By Jonathan Maze on May 13, 2022

While consumers have been flocking to chicken concepts, burgers remain a major draw and chains serving them have thrived since the pandemic, according to the Technomic Top 500 Chain Restaurant Report.

Financing

Krispy Kreme finds that Twix can lift sales

By Jonathan Maze on May 12, 2022

The doughnut chain said that its attention-getting doughnuts, such as one stuffed with a Twix bar, and more locations can generate sales without major price hikes.

Financing

How big Burger King franchisee Carrols plans to combat historic inflation

By Jonathan Maze on May 12, 2022

The company’s labor issues have improved, but food costs have risen 17% over the past year, thanks to high beef costs. It says pricing alone won’t fix the problem.

Financing

Wendy’s sales grow, but margins take a hit

By Jonathan Maze on May 11, 2022

Company-operated stores’ profits declined on higher costs, but the chain had one of its best years for unit growth in its history.

Financing

As inflation soars, lower-income consumers slow their restaurant spending

By Jonathan Maze on May 11, 2022

The Bottom Line: Quick-service restaurant executives say they’re seeing fewer visits from people with lower incomes and more visits from those with higher incomes. But that difference may not last for long.

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