Quick_Service

Emerging Brands

7th Street Burger keeps it simple and affordable

This New York City-based smashburger concept is expecting to go from 26 to 100 units in the next two years, all company owned. Now the founders are growing a second brand.

Financing

In Minnesota, Krispy Kreme proves it can still attract a crowd

The doughnut chain has had its share of challenges recently, but that didn’t matter to the customers who waited hours for the opening of the state’s first location in nearly two decades.

The fast-food giant won a summary judgment in a three-year-old case involving a former security executive who sued the chain for discrimination, saying he was a victim of a hostile work environment.

The fast-food burger chain is working with franchisees to either fix, sell or close weaker restaurants, implying that hundreds of locations could close starting late this year.

The Bottom Line: The owner of Fatburger went on a buying binge in 2020 and 2021. Five years later it is working furiously to generate cash and pay off debt. But the government shutdown is creating headaches.

The fast-food chicken chain’s domestic same-store sales rose 2% last quarter, a big step for the struggling concept. Parent company Yum Brands is intent on the market’s improvement.

The company’s same-store sales rose 2.4% in the U.S. last quarter as the fast-food giant works its way out of a domestic slump. Each of the chain’s major markets showed growth in the period.

A Deeper Dive: Liz Williams, CEO of the chicken chain, joins the weekly restaurant finance podcast to talk about the fast-food brand’s plans for beverages, value and growth outside of California.

The Bottom Line: The fast-food giant argues that its lower-priced combo meals will generate more customers and more sales over time, and profitability will follow. But costs aren’t exactly decreasing.

The activist investor Sardar Biglari nominated himself and one other person to the fast-food chain’s board. But then Jack in the Box turned around and added two itself, including the former CEO of Taco Bell.

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