Starbucks chairperson Mellody Hobson shared with CNBC on Tuesday that founder and former CEO Howard Schultz met with Brian Niccol last week. Hobson said when she personally called Schultz and told him what the board was pursuing, “he said, ‘Mellody, that’s a home run.’”. Naturally, deeper...

Starbucks’ Hire of Brian Niccol Will Send ‘Ripples’ Through Industry

Restaurant Brands International Inc., parent to Burger King and Tim Hortons, among other quick-service brands, is underwriting a registered public offering of about 6.,5 million common shares priced with an affiliate of 3G Capital Partners Ltd. The Toronto-based restaurant company, which also owns the Popeyes Louisiana Kitchen and Firehouse Subs...

Burger King parent RBI prices secondary offering

Reuters

(Reuters) - Starbucks on Tuesday named Chipotle Mexican Grill's Brian Niccol as its new CEO, replacing Laxman Narasimhan, who was at the helm for close to a year and a half, the shortest span for a top boss at the global coffee chain.

Starbucks hires Chipotle's Niccol as its sixth CEO

Apparently two straight quarters of negative same-store sales growth was two too many for Starbucks’ investors. The company announced today it has named Brian Niccol as its new chief executive officer, replacing Laxman Narasimhan after just about a year and a half in the role. Starbucks chief financial officer...

Chipotle’s Brian Niccol named Starbucks CEO, replacing Laxman Narasimhan

Popeyes loves to change up its menu—and we’re always. than happy to embrace the change. Between the boneless wings in six different sauces and the revolutionary TRUFF Chicken Sandwich, those guys are always offering up something new and downright delicious. This month, Popeyes is venturing beyond its typical...

Popeyes Has 2 New Limited-Time Menu Items

If you’ve visited a drive-thru recently and noticed things seem a little different, you’re not alone. Restaurants have begun testing forms of artificial intelligence (AI) in food service in an attempt to simplify the ordering process for workers and create a smoother experience for guests. While you might expect tasks such as phone call routing to become automated, some restaurants are taking it a step (or two) further.

Taco Bell Just Announced a Major Drive-Thru Change

McDonald's is extending its popular $5 meal deal as the value meal battle between fast food chains wages on. In a company memo obtained by ABC News, McDonald's executives said most U.S. locations will extend the deal through August. The deal that first launched June 25 was only supposed to...

McDonald's extends $5 meal, Wendy's adds $1 breakfast sandwich

Business Insider

Some fast food chains are struggling to boost sales, but Taco Bell is going from strength to strength.

Taco Bell is giving customers exactly what they want right now: cheap fast food

Papa Johns—comprising more than 5,900 restaurants in 50 countries and territories—has a new president and CEO, effective Thursday, Aug. 1. Todd Penegor, the president and CEO of The Wendy’s Co. (up until this February), succeeds Ravi Thanawala, who has been Papa Johns’ interim CEO since March. Thanawala will resume his role as chief financial officer.

Former Wendy’s CEO Starts Anew at Pizza Chain

24/7 Wall St.

24/7 Wall St. Insights Surprisingly, McDonald’s is not the restaurant that outsells Chick-fil-A.  There is only one restaurant on this list where you can see food made right in front of you.  Some of the restaurants on this list are still privately owned.  Also: 2 Dividend Legends to Hold Forever When you think about America’s […]
The post This Beloved Fast Food Restaurant Outsells In-N-Out and Chick-Fil-A appeared first on 24/7 Wall St..

This Beloved Fast Food Restaurant Outsells In-N-Out and Chick-Fil-A

Papa Johns’ North America comparable sales were down 3.6% during the second quarter, primarily driven by lower transactions, despite continued growth in its aggregator channel, CFO Ravi Thanawala said Thursday on the chain’s Q2 earnings call. The chain saw declines in its first-party pizza delivery and to a lesser extent in its carryout business.

Papa Johns wants to improve its value perception

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Herbie J Pilato

In the mid-1970s, Good Timesmade a star of actor/comedian Jimmy 'JJ'/'Dynomite' Walker. However, behind the scenes, the tension between the stars was relatively challenging. According to what Jimmie Walker once relayed, most of the show's cast rarely had any interaction behind the camera. Walker didn't recall having any conversations with actress Esther Rolle, who played his TV mother, Florida Evans, or actor John Amos, who played James Evans, his TV mother.

Actor/Comedian Jimmie "JJ" Walker Behind the Scenes of TV's 'Good Times' in the 1970s

Fast food prices have soared in recent years, and while Taco Bell isn't immune to these, it's known for being one of the cheaper options.

How Taco Bell stays cheap

Kentucky Fried Chicken is expanding its Taste of KFC Deal, a $5 value promotion it introduced in April. The chain added two meals to the deal, which runs through the end of the year. Customers can now get an eight-piece nuggets meal with fries and two sauces, and a Famous...

KFC expands $5 meal deal

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Akeena

It looks like Red Lobster might be on the verge of a fresh start. After filing for Chapter 11 bankruptcy back in May, the beloved seafood chain is about to change hands, and it seems like things are moving fast.

Beloved Seafood restaurant chain could soon have a new owner, two months after bankruptcy

Houston, TX

Arlington, TX

Berg Hospitality Group goes for variety, from the recent opening of pan-Asian-inspired Soy Cowboy at the new Loews Hotel in Arlington, Texas, to the upcoming Buttermilk Baby plans with Roark Capital-owned Carvel. The first restaurant was B&B Butchers, which opened in Houston in May 2015. The group has since opened...

Berg Hospitality grows in Texas, plans Buttermilk Baby with Carvel

When you and your kids are sitting under the golden arches at the local McDonald's Playland, just know this: You're one of the reasons that America's favorite fast food chain can brag that it has sold more than a billion hamburgers. Yes, that's a billion with a "B." And it's very likely that the famous worldwide burger joint has sold many more burgers than that, given that a) McDonald's sold about 75 burgers a second globally in 2021 (per Investing.com) and b) there are 86,400 seconds in a day. To figure out how that per-second number was reached, you have to do a bit of math. Investing.com reported that Mickey D's sells 6.48 million burgers per day. To get the per-second count, you have to divide 6.48 million by 86,400 seconds to get 75 burgers a second.

Here's How Many Hamburgers Mcdonald's Sells In One Second

After reporting lagging restaurant sales this quarter, CEOs are turning to value. McDonald's, Burger King and Taco Bell are among the chains hoping to bring back customers with meal deals. Customers are increasingly value-driven, Dine Brands CEO John Peyton told CNBC. Restaurant CEOs have become obsessed with the word "value"...

Restaurant CEOs’ new favorite word is value as they aim to bring back customers

Del Taco has been named by USA TODAY as America's No. 1 fast food restaurant, ending Chick-fil-A's nearly decade run as the top chain. The Mexican restaurant chain was selected by readers as the nation's best, followed by KFC and Chick-fil-A. "This popular taco stop, which serves all kinds of...

Surprising Restaurant Named No. 1 Fast Food Chain

Despite sweltering August temperatures, the rollout of pumpkin spice-flavored foods could spell out an early start to fall in the US.

Is pumpkin spice a summer flavor? IHOP and Krispy Kreme are the latest retailers to say yes

NewsBreak

Popeyes names Bart LaCount, Matt Rubin to new positions

Popeyes Louisiana Kitchen for the U.S. and Canada has named Bart LaCount as chief marketing officer and Matt Rubin as chief digital officer, company said Monday....

Popeyes names Bart LaCount, Matt Rubin to new positions

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