Burger King

Financing

Fewer discounts means better profits for Burger King franchisee Carrols

The franchisee, which operates one out of seven Burger King restaurants in the U.S., said it generated more cash than it has in two years as more of its customers paid the full price.

Financing

Patrick Doyle puts his faith in the Whopper

The new executive chairman of Restaurant Brands International believes the burger may be a better brand than Burger King right now. It may be key to the fast-food chain's U.S. comeback.

Restaurant Rewind: Old is new again as chains ranging from Outback to Wendy’s resurrect classic ad themes for another go. So where’s the beef in these new efforts?

Patrick Doyle, and now new CEO Josh Kobza, take the helm at the owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs with a mandate: Speed the company's growth.

The former Domino’s CEO, who returned as executive chairman of Burger King owner Restaurant Brands International in November, said he is “all in” with his new position.

The 11-year company veteran, who had been COO, will take over for José Cil on March 1. Cil will remain with the Burger King and Tim Hortons parent company for one year as an advisor.

The Bottom Line: Restaurant Brands International, under its new executive chairman and incoming CEO Josh Kobza, said improving profits for its store owners is critical to driving future growth.

Patrick O’Toole will be the burger chain's CMO in the U.S. and Canada as it works to revitalize its brand.

The Bottom Line: The bankruptcy of TOMS King Holdings may be the first domino in a substantial change in the burger chain’s franchisee base as it looks to turn itself around.

TOMS King Holdings, which operates 90 locations in Illinois, Ohio, Pennsylvania and Virginia, blamed the pandemic for hurting traffic and inflation for draining cash flow.

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