Burger King

Financing

Burger King is now its own biggest operator, for now

The fast-food chain has completed its acquisition of Carrols Restaurant Group, its largest franchisee. The deal will help the brand speed remodels and change its model of franchisee ownership.

Food

Burger King launches a new dessert to celebrate its 70th birthday

The Birthday Pie Slice comes to the menu Monday, and the party continues through June with special birthday deals.

The Bottom Line: Burger King is spending $550 million to get more of its restaurants remodeled, not counting its own upgraded restaurants. More brands should do this.

The fast-food chain is expanding its “Royal Reset” remodel program to fund more restaurant remodels through 2028.

Sales were positive at Restaurant Brands International concepts, including Tim Hortons, Popeyes and Firehouse Subs. At Burger King, operator profitability increased 46%.

The Bottom Line: The burger chain’s parent company argues that smaller franchisees make more money per store and are better capitalized.

BK’s Royal Perks members can submit their spin on the signature burger for the chance to win a million-dollar prize.

The Bottom Line: Even before the fast-food burger chain bought its largest franchisee, it was buying up swaths of restaurants around the country. That's a major shift for the brand.

The Bottom Line: In acquiring its largest franchisee, the fast-food chain more than tripled its investment in its revitalization and fundamentally altered its ownership structure.

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.

  • Page 1