Quick_Service

By Jonathan Maze on May 04, 2022

The Bottom Line: The interim CEO suggested the company is already talking to candidates and said there is plenty of interest in the job. The position provides an opportunity rare in the restaurant business, but it comes with its own challenges.

Food

Subway’s sales inch up on the strength of its new menu

By Patricia Cobe on May 04, 2022

The launch of “Eat Fresh Refresh” last July is just the first step in a multi-year, product-by-product menu upgrade.

Financing

Pizza Hut’s sales stumbled last quarter

By Jonathan Maze on May 04, 2022

The pizza chain’s domestic same-store sales fell 6% and executives blamed a shortage of delivery drivers. Taco Bell and KFC sales both increased.

Premium

Financing

Despite sales decline, Burger King sees progress in its comeback

By Jonathan Maze on May 03, 2022

The Bottom Line: The burger chain says its gap to competitors narrowed last quarter and said digital sales are picking up. But rising costs are still causing financial problems for operators.

Financing

Starbucks is increasing wages and benefits again, but not at union stores

By Jonathan Maze on May 03, 2022

The company says it is making another $200 million in investments, including improvements to productivity and wages, but Interim CEO Howard Schultz says the company legally can’t provide them to union locations.

Financing

Burger King’s same-store sales fall in the U.S. but flourish internationally

By Jonathan Maze on May 03, 2022

Tim Hortons’ Canada sales surge, Popeyes declined and Firehouse Subs beat difficult comparisons.

Premium

Financing

Swig wants to take its drive-thru drinks everywhere

By Jonathan Maze on May 02, 2022

The Dirty Soda concept is expanding into Texas and Las Vegas. But it is eyeing franchising and even more growth in the future. “I think Swig should be in every town.”

Leadership

Papa John’s makes some executive changes

By Jonathan Maze on Apr. 29, 2022

Amanda Clark was promoted to chief international and development officer and Liz Williams is named chief international operations officer for the pizza chain.

Financing