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Financing

Coronavirus hits China restaurants hard

 By Jonathan Maze on Feb. 12, 2020

Yum Brands, Starbucks, McDonald’s and others have had to close stores in a country many see as a major source of growth.

Financing

Askar Brands buys 47 Dunkin’ restaurants

 By Jonathan Maze on Feb. 11, 2020

The Florida-based operator also named former Dunkin’ executive George McAllan to oversee the locations.

Financing

A deeper look at Popeyes’ historic quarter

By Jonathan Maze on Feb. 11, 2020

The chain’s 38% same-store sales growth was one of the strongest numbers in industry history, proving the chicken sandwich was a black swan event, says RB’s The Bottom Line.

Financing

Burger King is still bullish on the Impossible Whopper

By Jonathan Maze on Feb. 11, 2020

The company blamed fewer discounts for weakening same-store sales last quarter and believes plant-based meat is a new platform.

Financing

Struggling Tim Hortons vows to turn it around

By Jonathan Maze on Feb. 10, 2020

Parent company Restaurant Brands International is devoting time to a brand that has generated “disappointing results” in recent quarters.

Leadership

Newk’s hires its 1st COO

By Heather Lalley on Feb. 10, 2020

Restaurant veteran Joe Pate will oversee operations for the fast-casual chain as it prepares to grow.

Financing

Popeyes same-store sales rose 38% last quarter

By Jonathan Maze on Feb. 10, 2020

The company’s chicken sandwich was one of the best new-product introductions in fast-food history.

Financing

A large Sonic franchisee declares bankruptcy

By Jonathan Maze on Feb. 10, 2020

The franchisor plans to buy 73 Sonic locations from the franchisee, SD Holdings, which also operates MOD Pizza and Fuzzy’s Taco Shop.

Financing

Whataburger names Janelle Sykes CFO

By Jonathan Maze on Feb. 10, 2020

The San Antonio-based burger chain also named Sylvester Johnson chief data and analytics officer.

Leadership

Del Taco hires industry vet as CMO

By Heather Lalley on Feb. 10, 2020

Tim Hackbardt, who worked for the chain from 1999 to 2003, will take over marketing efforts for the quick-service brand.

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