Finance / Investment News
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read now
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…
read nowNational 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…
read now
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…
read now
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…
read now
Wendy's announces quarterly dividend
February 20, 2020
The Wendy's Company (Nasdaq: WEN) today declared a 12-cent per share quarterly dividend, payable March 16 to shareholders of record as of March 2, according to…
read now
Taco John's hires former 7-Eleven exec as brand's CFO
February 17, 2020
Taco John's franchisor, Taco John's International, Inc., has named former 7-Eleven and Yum Brands executive Kelly Hopper as its new chief financial officer, a…
read nowAskar Brands adds doughnuts with 47-unit Florida Dunkin' acquisition
February 11, 2020
Southeast Enterprise Holdings Inc., or SEH, has acquired 47 Florida-based stores in the Miami, Ft. Lauderdale and West Palm Beach markets, a news release said.
read now
A&W announces 8 straight years of same-store sales growth
February 11, 2020
A&W said its same-store sales grew 2.7% last year, the eighth consecutive year of growth for the Lexington, Kentucky-based brand, according to a news…
read nowSubway lets 300 corporate workers go
February 6, 2020
Subway said it is letting 300 corporate employees go as the brand moves to simplify operations, Subway Senior Director of Public Relations Alan Marcus told…
read now
Dunkin' Brands say espresso fueled highest Q4 comp sales in 6 years
February 6, 2020
Dunkin' Brands credited that human accelerator of espresso for also helping to accelerate its Q4 comp store sales at Dunkin' U.S. by 2.8%, which it said is the…
read nowSubscribe
Get the latest news and resources from QSR Web.
