Firehouse Subs

Financing

Burger King’s same-store sales fall in the U.S. but flourish internationally

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

Leadership

Firehouse Subs names Mike Hancock COO

The brand’s first new c-level executive in a decade comes from Tim Hortons and will oversee operations and technology

The sub chain, bought for $1 billion by Burger King owner Restaurant Brands International, generated nearly 25% two-year same-store sales in the fourth quarter.

José Cil, CEO of Burger King owner Restaurant Brands International, said staffing challenges are a long-term problem that requires long-term solutions.

Fox thought he would end his career at Burger King until he was laid off nearly 20 years ago. He has since helmed Firehouse Subs to a $1 billion valuation, paid by his former employer’s parent company.

The $1 billion deal gives the owner of Burger King, Tim Hortons and Popeyes its fourth brand. RBI is using a combination of cash and new debt to fund the purchase.

The measure passed last week prohibits employers from requiring staff vaccines unless a wide array of exemptions are also offered.

The owner of Burger King and Popeyes is adding the rapidly growing sandwich chain, citing its “long-term growth opportunity.”

The CEOs of Restaurant Brands International and Firehouse Subs bonded over their early years at Burger King. The result was a $1 billion acquisition and more international growth for the sandwich concept.

Global flavors trend at Firehouse, Ledo Pizza and Cava; Newk’s, Sweetgreen and Dog Haus play up plants; Toasted Yolk and Eggs Up Grill go big on breakfast; and Krispy Kreme and Eureka get spooky.

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