Wendy's says burger supply is fairly 'beefy' now

June 9, 2020

Wendy's said that not only is its beef supply largely back to normal, but its comp sales for May improved every week, even though they were still down 3.3…

Mercato Partners launches $90M investment fund to fuel up-and-coming brands

June 4, 2020

Mercato Partners, an investor for growth-stage companies, has developed Savory, a $90 million fund to help scale up-and-coming restaurant concepts. To create…

Jack in the Box delivers on prediction of 4.2% same-store sales drop

May 14, 2020

After withdrawing its guidance nearly four weeks ago and warning its same-store sales would drop 4.2% in mid-April, Jack in the Box today delivered on its…

Golden Chick president promises 500 stores, Netsurion on speeding up contactless pickup

by S.A. Whitehead — Food Editor, Net World Media Group

Although just 189-stores in size now, Golden Chick is planning a lot of hatchlings for the future, with a goal of 500 stores nationally by 2030, according to…

Wendy's Q1 earnings fall short amid COVID-19 impact

May 6, 2020

Wendy's Co. reported that adjusted earnings fell to 9 cents a share in the first quarter, as the COVID-19 pandemic forced the hamburger chain to switch to…

Top online COVID-19 coverage for QSRs: From borrowing options to menu must-haves

by S.A. Whitehead — Food Editor, Net World Media Group

Need guidance on how to get a loan without the help of a traditional bank? Wondering about your QSR's coffee sales in a pandemic-wary world? This review of…

Taco Bell shines as sole bright spot in Yum Brands Q1 sales

April 30, 2020

Though KFC, Pizza Hut, Taco Bell and The Habit Burger Grille parent, Yum Brands, recorded a Q1 same-store sales decline of 7% after the tumultuous first…

McDonald's Q1 sales, earnings fall amid COVID-19 restrictions, closures

Even the giant QSR McDonald's is feeling the turbo-charged pinch of COVID-19, with its Q1 earnings down 17% due to declining sales worldwide.

Jack in the Box warns on Q2 same-store sales

April 16, 2020

Jack in the Box Inc. withdrew its annual earnings forecast and warned that fiscal second-quarter same-store sales are projected to drop 4.2% as the COVID-1…

Del Taco draws down $50M on revolving credit facility, withdraws 2020 guidance

April 2, 2020

Del Taco Restaurants, Inc. withdrew its 2020 earnings outlook and has drawn down $50 million on its revolving credit facility, among several measures taken to…

Wendy's North American sales up 15% 1st week of March, down 20% last week

Despite a successful re-entry into the breakfast daypart, Wendy's Q1 financials show the pain that even the largest QSRs are facing amidst pandemic…

Yum Brands closing 7,000 stores globally due to COVID-19

March 25, 2020

Yum Brands is closing 1,000 Pizza Hut Express outlets and at least 900 U.K. KFC stores in a group of 7,000 restaurant outlets the Louisville, Kentucky-based…

COVID-19 blindsided restaurateurs right from start, Ohio poll shows

by S.A. Whitehead — Food Editor, Net World Media Group

As early as March 8, as COVID-19 restrictions in the U.S. were just beginning, Ohio restaurateurs were hit with a sucker punch that knocked sales down 20…

The Big Shift: Transition to 'delivery only' tough, but potentially lifesaving

by S.A. Whitehead — Food Editor, Net World Media Group

The pandemic that has now got the U.S. restaurant industry in a stranglehold is forcing many brands to delivery-only operations, which not only is requiring…

Del Taco delivers lackluster Q4, FY 2019 results

March 12, 2020

California-based Del Taco Restaurants Inc. turned in a disappointing Q4 financial performance as well as lackluster fiscal year 2019 results this week for the…

El Pollo Loco posts 3.9% Q4 comp sales gain

March 6, 2020

El Pollo Loco Holdings, Inc. said its Q4 financial results for the 13 weeks that ended Dec. 25, 2019 showed marked improvement over the numbers from a year…

Biggest McDonald's independent franchisor declares 11-cent FY2020 dividend

March 5, 2020

Latin America's biggest restaurant chain and the world's largest independent McDonald's franchisee, Arcos Dorados Holdings Inc., announced that on March 3, its…

National Restaurant Association report projects 4% industry-wide sales growth this year

February 27, 2020

The National Restaurant Association projected 4% restaurant industry sales growth this year across service categories to a total national of a record $89…

Wendy's Q4 total revenues up 7.4%

February 26, 2020

Better sales at Wendy's company-operated stores is credited mostly with the brand's increase in revenue last year, though higher labor and commodity costs and…

Jack in the Box Q1 earnings fall short

February 21, 2020

Jack in the Box Inc. failed to meet analysts' Q1 earnings estimates, with the brand's net income down to $7.9 million, or 33 cents a share after first quarter…