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Leadership

Steve Easterbrook ousted as McDonald’s CEO

 By Jonathan Maze on Nov. 03, 2019

The company said he had a consensual relationship with an employee. Chris Kempczinski was named CEO.

Marketing

McDonald’s is bringing back classic Happy Meal toys

 By Jonathan Maze on Nov. 01, 2019

The chain’s Surprise Happy Meal resurrects 17 classic toys to celebrate the iconic box’s 40th anniversary.

Financing

Steak ‘n Shake traffic and sales keep falling

By Jonathan Maze on Nov. 01, 2019

The burger chain’s revenue fell more than 26% last quarter amid temporary store closures.

Financing

Artificial intelligence takes hold at U.S. restaurants

By Jonathan Maze on Nov. 01, 2019

Machines are doing a lot more work at chains such as McDonald’s, Starbucks and Taco Bell, and there’s evidence it’s working.

Financing

Krystal to sell as many as 150 locations to franchisees

By Jonathan Maze on Oct. 31, 2019

The burger chain is refranchising locations in several states to spur growth.

Financing

Espresso and value drive Dunkin’

By Jonathan Maze on Oct. 31, 2019

Sales of espresso drinks are up 40% this year, and the company said it is starting to see benefits from digital investments.

Financing

Franchisee challenges hit Pizza Hut

By Jonathan Maze on Oct. 30, 2019

Parent company Yum Brands warned of choppiness in the brand’s U.S. locations as the company shifts restaurants away from dine-in.

Financing

KFC’s plant-based test was a huge win

By Jonathan Maze on Oct. 30, 2019

Though it only lasted five hours, the company’s plant-based chicken event generated 2 billion media impressions.

Financing

Cold beverages mean hot sales for Starbucks

By Jonathan Maze on Oct. 30, 2019

Thanks to Nitro Cold Brew and a new cold pumpkin drink, the chain’s same-store sales and traffic continued to improve.

Financing

Grubhub takes a big hit

By Jonathan Maze on Oct. 29, 2019

The online ordering and delivery provider said competition is hurting order growth, sending shares plummeting and spurring questions on the industry, says RB’s The Bottom Line.

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