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Financing

Burger King is buying its largest franchisee for $1B

Parent Restaurant Brands International plans to spend $500 million to remodel Carrols Restaurant Group's more than 1,000 locations before reselling them to smaller franchisees.

Financing

With a big wage hike coming, California Subway franchisees look for solutions

The sandwich brand’s operators in the state are worried that a $20-per-hour fast-food wage will push many of them out of the business and are asking for concessions from Subway. They’re not always getting them.

The Bottom Line: Concern is already heightened about the fast-food price-value equation. What will happen come April when the country’s largest dining-out market raises the sector’s wages?

The doughnut chain, family-owned for 85 years, was sold to a private-equity firm in 2021. The company now plans to double in size over the next five years.

The company later this month will release a Double Big Mac because why not?

The company’s burger has easily outdistanced expectations, to the point that it expects to run out of supplies next week.

The pizza delivery chain’s franchisees will increase their marketing contributions while the brand plans to add a new incentive to encourage new units. But it is also increasing its supply charges.

The drive-thru beverage chain named a trio of new executive hires under new CEO Christine Barone. It plans continued aggressive growth but is tweaking that strategy to be more thoughtful.

CEO Chris Kempczinski said that the war and “misinformation” are having a “meaningful business impact” at the chain’s Middle East restaurants and elsewhere.

The Bottom Line: The test of the drive-thru beverage concept has generated a huge amount of attention and interest. But its ability to become a real competitor in the beverage market will depend on how it does in two years.

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