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Operators say they worry about what happens “when the debt needs to be repaid.”
The quick-service burger chain wants to get faster.
The company’s board also backed CEO Lenny Comma and said it plans to refinance its debt and buy back shares.
Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.
The franchisee association reiterated its call for a new CEO and said the company’s creation of a new advisory council was a “gut punch.”
Quick-service giants McDonald’s and Burger King lost out to chains such as Taco Bell and Chick-fil-A last year, says RB’s The Bottom Line.
The company said its sales improved last quarter after it shifted to more price promotions.
A Debtwire report suggested that buyers are concerned about the chain’s growth and its valuation.
RB’s The Bottom Line takes a look at the companies currently seeking buyers, and a few that might actually sell.
A challenging year brought fundamental shifts in the market and a white-elephant sale of troubled concepts.