Burger King

Food

Burger King proves that plant-based meat isn’t targeted at vegetarians

The burger chain is doubling down on its Impossible Foods offerings with a pair of new options, one of which features bacon, which is not a plant.

Leadership

Burger King franchisee Carrols names Ahmad Filsoof as VP strategic initiatives

The former Amazon Web Services and McDonald’s executive will work on strategy and business innovation.

The Bottom Line: Weak sales and rising costs, including delivery fees, have eaten into the profit margins of big operators like GPS Hospitality and Carrols Restaurant Group.

Jose Cil, CEO of the parent company of Burger King, Popeye, Tim Hortons and Firehouse Subs, said during a talk at the National Restaurant Association Show that raising prices is more than a simple math problem.

The company’s labor issues have improved, but food costs have risen 17% over the past year, thanks to high beef costs. It says pricing alone won’t fix the problem.

Despite challenges with omicron, China and Russia’s invasion of the Ukraine, McDonald’s, Burger King, Taco Bell and other brands have seen strong growth in global markets.

The Bottom Line: The different stock price performances between Burger King’s parent company and its largest franchisee provide some lessons for large-scale franchisees.

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

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.

Marketing Bites: Restaurants are boosting their incentives to get customers to fork over their data, Friendly’s wants folks to save room for ice cream, and more marketing news of the week.

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