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Technology

Presto hires Wendy's AI expert to launch new analytics service

Michael Chorey is joining the AI drive-thru supplier as cofounder and president of Presto IQ, which will turn AI voice data into real-time insights.

Financing

Tim Hortons' secret sauce: How the Canadian coffee giant keeps growing sales

With celebrity partnerships, a stable management team, management improvements and a better Canadian economy, the fast-food chain keeps generating strong sales.

The fast-food giant and DoorDash launched a new online ordering experience enabling customers to order delivery through the company’s website.

Willie Romeo and Eduardo Serafim, who ran company stores and helped design the fast-food chain’s prototype, are buying 33 of the fast-food chain’s restaurants in Florida. It's a vote of confidence in Burger King's turnaround plan.

The company, which just named a new CEO, will send millions in rebates to its franchisees to alleviate concerns about cash flow challenges related to a shift in its beverage contract.

The burger chain said the key metric rose 10.7% last quarter after the chain started using beef tallow with its fries. It also called Bitcoin a "game changer."

The Bottom Line: The doughnut chain is cutting 15% of its support center staff and 1,500 of its so-called DFD Doors as it pivots, again, following the end of its McDonald's partnership.

The fast-food chain was surprised by the economic downturn and said that its 100 Days of Summer promotion was too complex, more than offsetting strong sales of its Frosty dessert.

The number of pizzas ordered from the chain increased 6% last quarter, helping drive sales and traffic growth.

The fast-food chain’s same-store sales fell at their highest rate in 15 years as challenges with low-income and Hispanic consumers persist, but the company says it is seeing signs of improvement.

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