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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 5
Financing

Burger King plots its strategy to regain its momentum

The burger chain, which has underperformed its competitors in recent years, believes speedier remodels, better operations, more digital and balanced marketing can turn it around.

Financing

Digital sales jump and unit growth returns at Restaurant Brands International

Sales at Burger King recovered but remained lower than many of its rivals while Popeyes lost some momentum.

The owner of KFC, Pizza Hut, Taco Bell and Habit opened a record number of restaurants and has increased its development expectations.

More cities and states are taking their minimums to $15. Big companies are raising their wages in advance of those moves. The impact has changed the economics of the industry.

Taco Bell, Pizza Hut and Habit Burger all saw sales recover over 2019 levels while the company opened a record number of global restaurants.

The coffee giant has shifted its business over the past 18 months, with a lot more drive-thru sales and mobile orders, cold drinks and alternative milk, says RB’s The Bottom Line.

The company credits higher wages and an end to unemployment benefits for bringing in more applicants but costs are driving up prices.

This week’s episode of the RB podcast “A Deeper Dive” features television writer and producer Bill Oakley, best known for The Simpsons, but also a prolific Instagram food reviewer.

The company’s U.S. same-store sales rose nearly 15% over 2019 levels, and 7% globally, as the company’s promotions and its digital sales drove business.

The coffee giant recorded record sales and profits last quarter as customers ordered more Nitro Cold Brew and Refreshers.

The sandwich giant also said that plaintiffs and their attorneys should be “held accountable” for pressing ahead with a lawsuit and suggests the allegations have hurt sales.

The coffee giant is selling its stake in the market to its joint venture partner E-Mart and a new investor GIC Private Limited.

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