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Burger - 8 Jim Cramer - 6 Burger King - 6 — - 6 Yum - 5 Patrick Doyle - 5 Tim Hortons - 5 It's - 4
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Restaurant Brands - 12 Brands - 10 KFC - 7 Yum Brands - 6 CNBC - 6 Taco Bell - 5 Service - 5 Business - 5

Search resuls for: "Restaurant Brands"


25 mentions found


☆ Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
  + stars: | 2024-05-01 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +5 min
Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. Starbucks said bad weather dragged its same-store sales lower. Wingstop , Wall Street's favorite restaurant chain, reported its U.S. same-store sales soared 21.6% in the first quarter. This marks the second consecutive quarter that Burger King reported stronger U.S. same-store sales growth than McDonald's.
Persons: It's, McDonald's, it's, Taco Bell, January's snowstorms, we've, Ian Borden, Wall, International's Popeyes, Chris Kempczinski, Laxman Narasimhan, Narasimhan, David Gibbs, Taco, Yum, Burger, – Organizations: Starbucks Workers, D.C, Starbucks, KFC, Yum Brands, Taco, Bureau of Labor Statistics, Taco Bell, Brands Locations: Dupont Circle, Washington, Pizza, U.S, Australia, Canada, Germany, Japan, Taco
☆ Restaurant Brands International Executive Chairman Patrick Doyle goes one-on-one with Jim Cramer
  + stars: | 2024-04-30 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRestaurant Brands International Executive Chairman Patrick Doyle goes one-on-one with Jim CramerRestaurant Brands International Executive Chairman Patrick Doyle joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends and more.
Persons: Patrick Doyle, Jim Cramer
☆ Restaurant Brands' Patrick Doyle says Burger King's varied prices help customers burdened by inflation
  + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Restaurant Brands International 's Executive Chairman Patrick Doyle discussed the state of the consumer with CNBC's Jim Cramer, saying that menus with meals at varying price points help those who feel the weight of inflation. Restaurant Brands International owns a number of fast food chains, including Burger King, Popeyes and Tim Hortons. Doyle specifically discussed Burger King and indicated the chain can't just hike up prices when inflation is high. "We think we've got a great menu offering now that has higher end items and kind of entry level items," Doyle said. Restaurant Brands International reported solid earnings on Tuesday, and shares were up 2.72% by close.
Persons: Patrick Doyle, Jim Cramer, Burger, Popeyes, Tim Hortons, Doyle, Burger King, we've Organizations: Brands, Burger King, Restaurant Brands
☆ We're going to continue making investments in Burger King, says Restaurant Brands' Patrick Doyle
  + stars: | 2024-04-30 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going to continue making investments in Burger King, says Restaurant Brands' Patrick DoyleRestaurant Brands International Executive Chairman Patrick Doyle joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends and more.
Persons: Patrick Doyle, Jim Cramer Organizations: Patrick Doyle Restaurant Locations: Burger
☆ Burger King invests another $300 million to remodel restaurants
  + stars: | 2024-04-30 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain's parent company said Tuesday. About 100 Burger King locations have been remodeled and updated so far. Still, Burger King has had to chip in its own money to incentivize franchisees to remodel. Burger King will let operators choose how much of a discount they get on the royalties they pay to the company.
Persons: Burger, Tom Curtis, Curtis, Burger King Organizations: Burger King, U.S ., Carrols, Brands, Burger King U.S, CNBC, Restaurant Brands Locations: Burbank , California, Burger, U.S
☆ Stock futures are little changed as investors look ahead to Fed decision, megacap earnings: Live updates
  + stars: | 2024-04-29 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. U.S. stock futures were little changed Monday night after a positive start to the week, as investors brace for megacap earnings, the latest Federal Reserve interest rate decision, and a jobs report. S&P 500 futures slid 0.05%, while Nasdaq 100 futures climbed 0.03%. The S&P 500 added 0.32%, while the Nasdaq Composite rose 0.35%. The S&P 500 and Nasdaq Composite are headed for declines of more than 2%, each.
Persons: Stocks, Dan Greenhaus, CNBC's, Jerome Powell's, Eli Lilly Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Apple, Dow Jones, Management, Amazon, Restaurant Brands, PayPal, Devices, Micro Locations: New York City . U.S, China
☆ What is divestment? And does it work?
  + stars: | 2024-04-28 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
From Princeton University in New Jersey to the University of Southern California in Los Angeles, the same chant can be heard: “Disclose! The specifics of student protesters’ divestment demands vary in scope from school to school. Other students, like those at Cornell University and Yale, are asking their schools to stop investing in weapons manufacturers. Other common threads include demanding universities disclose their investments, sever academic ties with Israeli universities and support a ceasefire in Gaza. Proponents for divestment counter that its value lies in raising awareness and stigmatizing partnerships with targeted regimes or industries.
Persons: “, ” Israel, Witold Henisz, Henisz, ”, Nicholas Dirks, ” Dirks, Dirks, “ They’ll, Anna Cooban, Michelle Bowman, Eli Lilly, Estee Lauder, Jerome Powell Organizations: New, New York CNN, Palestinian, Princeton University, University of Southern, Columbia University Apartheid, Columbia, Cornell University and Yale, Research, The Wharton School, University of Pennsylvania, CNN, University of California, Columbia’s Faculty of Arts and Sciences, Federal Reserve, European Central Bank, Dallas Fed, Samsung, AMD, Starbucks, Benz Group, Volkswagen, PayPal, adidas, Diamondback Energy, Restaurant Brands, Pinterest, Caesars Entertainment, PMI, Conference Board, Mastercard, Qualcomm, Pfizer, Marriott, eBay, US Commerce Department, Apple, Novo Nordisk, Shell, ConocoPhillips, Cigna, Universal Music Group, Hershey, US Labor Department Locations: New York, New Jersey, University of Southern California, Los Angeles, Columbia, Palestine, Israel, Gaza, South Africa, Berkeley, United States, Europe, DoorDash
☆ Say goodbye to Ruby Tuesday and Chili’s. These are the hot new restaurants at the mall
  + stars: | 2024-04-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
As anchor department stores left malls, so did some name-brand chains like Ruby Tuesday, Chili’s, Applebee’s and others. What’s taking their place illustrates a large shift in US tastes: There’s a boom in smaller and regional restaurant chains with a local following. At the same time, many national chains are prioritizing drive-thru locations over their sit-down restaurants in malls. Chick-fil-A restaurants were only located in mall food courts for the company’s first 20 years. “Traditional mall restaurants were casual dining chains like Chili’s, TGI Fridays, and quick-service restaurants in food courts.
Persons: Ruby, What’s, Paul Hennessy, ”, Chris Simms, Simms, Gabby Jones, Mark Hunter, CBRE, RJ Hottovy, ” Hottovy, David Kim, ” Kim, It’s Organizations: New, New York CNN, Anadolu Agency, Getty, “, Food, JCPenney, Nordstrom, Green, Westfield Garden, Bloomberg, Deloitte, NV Locations: New York, Applebee’s, Orlando , Florida, Paramus , New Jersey, United States, Greenbriar, Atlanta, Korean, Henderson
☆ These 10 retail brands are the fastest growing in the U.S., Yelp says
  + stars: | 2024-04-10 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +6 min
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.
Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California
☆ Fast-food chains like Burger King, Shake Shack, and KFC are doubling down on digital order kiosks — but watch out, you'll probably end up spending more
  + stars: | 2024-04-01 | by ( Grace Dean | ) www.businessinsider.com   time to read: +6 min
Fast-food giants are rapidly deploying more order kiosks in the US. AdvertisementMajor US fast-food chains plan to aggressively add more digital order kiosks to their restaurants – and bring in bigger checks in the process. They make up "well over" half of its in-restaurant orders at these locations, CFO Katie Fogertey told investors in November. As well as labor savings, kiosk orders "tend to skew to dine-in" and thus use less packaging than other digital orders, she said. In the US, digital orders currently make up just 15% of Burger King's sales.
Persons: Patrick Doyle, —, Burger, Josh Kobza, Shack, Katie Fogertey, Chris Turner, Turner, Sharon Zackfia, William Blair, Fogertey, Grace Dean, Randy Garutti, cashiers, Fogerty, Andy Barish, Jon Tower, Kobza, Zackfia, Barish, Popeyes, Tim Hortons Organizations: Service, Restaurant Brands, Brands, Taco Bell, KFC, Business, Jefferies, Citi, Burger, Firehouse, North Star Locations: Taco, China, London, millennials
☆ Frankenstein restaurants like a Taco Bell-Pizza Hut combo are popping up everywhere
  + stars: | 2024-03-25 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +6 min
AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. The 2002 annual report for Yum Brands, the parent company of Pizza Hut, Taco Bell, and KFC, among other restaurant chains, lays out why the much-memed combination Taco Bell-Pizza Hut existed in the first place. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands. Do you work at a major restaurant like McDonald's, Pizza Hut, or Taco Bell and have a story idea to share?
Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky
☆ Frankenstein restaurants are popping up everywhere, but they aren't actually that successful
  + stars: | 2024-03-23 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +6 min
AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. Related storiesSo Yum turned to Frankenrestaurants — like the combination Pizza Hut-Taco Bell — to offer a wider variety of options under one roof. Major restaurant brands also frequently change ownership, making it hard to decouple multi-branded locations if a company decides to sell one. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands.
Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky
☆ The French have fallen in love with American fast food. Here's why
  + stars: | 2024-03-19 | by ( Natalie Rice | ) www.cnbc.com   time to read: +4 min
In France, a land of fine dining, Michelin stars and high standards for cuisine, there's a surprising favorite: American fast food. Expilly oversaw Popeyes' 2023 arrival in France while serving as COO of Popeyes France for French restaurant group Napaqaro. Burger King specifically has gone aggressively after the market "given the propensity for American quick service foods and concepts in France," Charles said. In 2024, McDonald's and Burger King hold more than 40% of the market, according to Euromonitor International, and now consider it their biggest one outside the U.S. French QSRs did take a hit in 2020, but the industry bounced back quickly, earning more profits in 2021 than before the pandemic, according to Euromonitor International.
Persons: Xavier Expilly, EXPM, Expilly, Popeyes, Burger, McDonald's, Andrew Charles, Cowen, Charles, Burger King, Joel Tissier, haven't, Tissier Organizations: Euromonitor, CNBC, Restaurant Brands, Canadian, Mac, Créteil, KFC, Euromonitor International, BK Locations: France, Europe, American, Burger, Paris, United States
☆ Jim Cramer shares his thoughts on 3 stocks including McDonald's after tech outage
  + stars: | 2024-03-15 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +1 min
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. McDonald's : The fast-food chain had to temporarily suspend operations at stores in some countries, including Japan, after suffering a technology outage. "This will have no impact whatsoever, except for to buy the stock because McDonald's, in the end, is king," Jim Cramer said. Snowflake : Shares added 0.4% after Guggenheim Securities upgraded the cloud data company to a hold-equivalent rating from sell. In late February, Snowflake stock tumbled 18% in a single session after veteran CEO Frank Slootman announced his retirement alongside a weaker-than-expected first-quarter outlook.
Persons: Jim Cramer's, Jim Cramer, Burger, Cramer, he's, Sanjay Mehrotra, Frank Slootman Organizations: CNBC, Club, Burger King, Restaurant Brands, Micron Technology, Citigroup, Micron, Nvidia, Broadcom, Guggenheim Securities Locations: Japan, Snowflake
☆ A veteran chartmaster calling for a continued market rally says it's time to diversify away from mega-cap growth by making these 6 investments now
  + stars: | 2024-03-10 | by ( James Faris | ) www.businessinsider.com   time to read: +5 min
Wall Street was mostly upbeat about equities heading into 2023, though even the most bullish investment firms thought the S&P 500 would finish this year at 5,100 — a level it has exceeded already. Resisting this rally is a fool's errand, according to David Keller, the chief market strategist at StockCharts.com. The long-time chartmaster warned of a near-term pullback as the S&P 500 approached its previous record high but has since abandoned his cautious call. AdvertisementFast-forward to early March, and many of those mega-cap growth names remain hot, especially Nvidia and Meta. "I like that idea, at this point, of diversifying away from mega-cap growth," Keller said.
Persons: —, David Keller, chartmaster, Keller, I'm, they've, StockCharts.com Organizations: Service, Business, Nasdaq, Nvidia, Meta, Microsoft, Apple, Companies, Hilton, Marriott, Restaurant Brands, Burger King ., Biotechnology Locations: Burger
☆ What to know about this AI stock with ties to Nvidia up nearly 170% in 2024
  + stars: | 2024-03-08 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Investors may want to keep an eye on this artificial intelligence voice-and-speech recognition stock with ties to Nvidia . Shares of SoundHound AI have surged almost 170% this year and nearly 347% in February alone as investors bet on new applications for the booming technology trend that has taken Wall Street by storm. SOUN YTD mountain SoundHound shares in 2024 While the Nvidia investment isn't new news for investors and analysts, it does reinforce SoundHound's value proposition. "With voice enabled units expected to grow to 70% of shipments by 2026, this represents a significant growth opportunity, in our view," he added. He estimates an $11 billion total addressable market when accounting for the immediate opportunities from quick-service restaurants and original equipment manufacturers.
Persons: Dan Ives, Ives, SoundHound, Ladenburg Thalmann's Glenn Mattson, Krispy, Davidson's Gil Luria, Cantor Fitzgerald's Brett Knoblauch, Wainwright's Scott Buck Organizations: Nvidia, Wedbush Securities Locations: Krispy Kreme, Jersey
☆ These 3 restaurant stocks are breaking out, according to the charts
  + stars: | 2024-03-06 | by ( Frank Cappelleri | ) www.cnbc.com   time to read: +4 min
This prompted us to investigate the group further, which revealed that various stocks are sporting constructive technical formations. Restaurant stocks charts showing strength McDonalds (MCD) has had a wild ride over the last 10 months and now sits at the same price level that it was trading at last April — eleven months ago. MCD isn't the only restaurant stock that's sporting an attractive technical pattern. On the weekly chart, Restaurant Brands International (QSR) looks very similar to MCD, having formed its own inverse-head-and-shoulders formation over the last year. While this is no indication of what could happen now to MCD, YUM and QSR, it shows how breaking through multi-year resistance can attract momentum.
Persons: that's, —, Frank Cappelleri Organizations: Brands, Texas
☆ Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
  + stars: | 2024-02-20 | by ( Kate Rogers | ) www.cnbc.com   time to read: +8 min
The coalition is pushing to replace three current Starbucks board members with its own nominees. The SOC proxy presentation claims the company's board has backed what it calls an "unnecessarily confrontational" strategy with the union. Starbucks said it has not only a new CEO, but with these additions, it has added five new board members in the past year. The proxy presentation targets three current Starbucks board members: Ritch Allison, Andy Campion and Jørgen Vig Knudstorp. Allison, Campion and Knudstorp, specifically, provide "continuity and highly-valuable unique perspectives," the Starbucks presentation said.
Persons: Baristas, Nielsen, Maria Echaveste, Joshua Gotbaum, Wilma Liebman, Daniel Servitje, Neal Mohan, Mike Sievert, Ritch Allison, Andy Campion, Jørgen Vig Knudstorp, Allison, Campion, Knudstorp, Wendy's, Narasimhan Organizations: Starbucks, CNBC, Organizing Center, U.S . Securities, Exchange Commission, National Labor Relations Board, NLRB, Starbucks Corporation, Siren Retail, Service Employees International Union, Starbucks Workers United, Communications Workers of America, United Farm Workers of America, Chipotle, Darden, Restaurant Brands, Yum Brands, White House, Hawaiian Airlines, White, Grupo Bimbo, YouTube, Mobile, SEC Locations: Buffalo, Arlington , Virginia, China, U.S
☆ Restaurant Brands Executive Chairman Patrick Doyle sits down with Jim Cramer
  + stars: | 2024-02-13 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Restaurant Brands Executive Chairman Patrick Doyle sits down with Jim CramerRestaurant Brands Executive Chairman Patrick Doyle joins 'Mad Money' host Jim Cramer to talk quarterly results, consumer trends, new menu offerings and more.
Persons: Patrick Doyle, Jim Cramer
☆ Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
  + stars: | 2024-02-13 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +1 min
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. Restaurant Brands International reported quarterly earnings and revenue that beat analysts' expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales. Shares of the company were unchanged in premarket trading. Excluding items, the company earned 75 cents per share. Net sales rose 8% to $1.82 billion.
Persons: Tim Hortons Organizations: Lakeside, United Kingdom . Restaurant Brands, LSEG, Brands Locations: Grays, United Kingdom
☆ Stocks making the biggest moves premarket: JetBlue Airways, Arista Networks, Tripadvisor and more
  + stars: | 2024-02-13 | by ( Samantha Subin | ) www.cnbc.com   time to read: +5 min
Arista Networks — The computer networking stock dropped more than 7% even after the company topped fourth-quarter estimates. Arista Networks said it expected first-quarter revenue to range between $1.52 billion and $1.56 billion versus an estimate of $1.53 billion. Revenue of $2.14 billion was greater than the $2.08 billion expected by analysts polled by FactSet. For the current period, the company expected earnings to range between $130 million and $150 million versus a $174 million estimate. Molson Coors Beverage — Shares added nearly 3% after the beer maker posted a fourth-quarter earnings beat.
Persons: Carl Icahn, Goldman Sachs, Tripadvisor, Datadog, LSEG, ZoomInfo, Tim Hortons, Burger King, BTIG, Hakyung Kim, Alex Harring, Fred Imbert, Sarah Min, Michelle Fox Organizations: JetBlue Airways —, JetBlue Airways, Arista Networks, Revenue, Hasbro, LSEG, FactSet, ZoomInfo Technologies, Cadence, Design Systems, Lattice Semiconductor, Restaurant, Molson Coors Beverage
☆ 5 things next week that could determine if Wall Street's winning streak continues
  + stars: | 2024-02-10 | by ( Zev Fima | ) www.cnbc.com   time to read: +8 min
Wall Street wrapped up another positive week, with the S & P 500 closing Friday above 5,000 for the first time ever. It was a pretty light week in terms of economic data releases, though we did get a favorable ISM Services number on Monday. Things will pick up next week with several closely watched macroeconomic updates, including two key government inflation reports. While no Club earnings are scheduled to report earnings in the week ahead, 61 companies in the S & P 500 will deliver their latest quarterly results. Consumer inflation: The main event of the week will come on Tuesday when the January consumer price index (CPI) is released.
Persons: Estee Lauder, Eli Lilly, Price, Bausch, Trimble, Krispy Kreme, Topgolf, Kraft Heinz, Martin Marietta, Owens Corning, WEN, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nasdaq, Club, GE Healthcare, DuPont, Linde, Ford, Disney, Wynn Resorts, CPI, PPI, Palo Alto Networks, Nvidia, Bausch Health, Arista Networks, WM, Cadence Design Systems, ZoomInfo Technologies, Avis Budget, Brighthouse, Goodyear Tire &, Vornado Realty, Marriott International, Hasbro, Restaurant Brands, Molson Coors Beverage, Holdings, MGM Resorts, MGM, Akamai Technologies, American International Group, AIG, Topgolf Callaway Brands, CME Group, Sony, SONY, Blackstone Mortgage Trust, Martin Marietta Materials, Ryder, Occidental Petroleum, Cisco Systems, Deere, Penn Entertainment, Southern Company, Coinbase, Trade, Materials, Rand, Texas, Housing, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: Albemarle, ALB, Ingersoll, New York City
☆ A mega restaurant chain is on a mission to get half of China to eat KFC and Pizza Hut by 2026
  + stars: | 2024-02-07 | by ( Matthew Loh | ) www.businessinsider.com   time to read: +3 min
"Currently serving just one-third of China's population, our ambitious goal is to extend our reach to half of the population by 2026," Yum China CEO Joey Wat said in the company's latest quarterly results report. Yum plans to fuel its growth through restaurants in China's "lower-tier cities," which host over half of the firm's stores, Wat said. That's more than twice the number of KFC restaurants in the US, which has 4,293 stores, though only half of the around 6,750 Pizza Huts in the US. Both restaurant brands also have 470 million members in China, Yum said, though it didn't say if this number accounted for any overlap. "2023 was a pivotal year for Yum China," Wat said.
Persons: —, Joey Wat, Yum, China's COVID, Wat Organizations: Service, China Holdings, Business, KFC Locations: China, China's, Cities, Shanghai, Beijing, Xiamen, Harbin
☆ McDonald's and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
  + stars: | 2024-02-05 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +3 min
McDonald's and Starbucks , two of the biggest U.S. restaurant companies, both said the Israel-Hamas war hurt their sales at the end of last year. Shares of McDonald's fell 4% in morning trading Monday, several hours after it reported that a sales slowdown in the Middle East contributed to its fourth-quarter revenue miss. Starbucks CEO Laxman Narasimhan said Tuesday that the company's sales in the Middle East struggled, but boycotts also hurt its U.S. cafes. Unlike Starbucks, McDonald's did not note any effect on its U.S. sales. Yum Brands is scheduled to report its quarterly results on Wednesday, while Restaurant Brands is slated to share its earnings on Feb. 13.
Persons: Laxman Narasimhan, McDonald's, Cowen, Andrew Charles, Chris Kempczinski, Kempczinski, Papa John's, Burger Organizations: U.S, Starbucks, Starbucks Workers, Workers United, McDonald's, Yum Brands, Restaurant Brands, CNBC PRO Locations: Tel Aviv, Israel, Gaza, Malaysia, Indonesia, France, Europe
☆ Restaurant Brands Aims for Better-Looking Burger Kings in Carrols Deal
  + stars: | 2024-01-16 | by ( Heather Haddon | ) www.wsj.com   time to read: 1 min
Burger King is trying to claw its way ahead in the competitive U.S. burger market through investments in remodels, advertising and new products. Photo: Justin Sullivan/Getty ImagesYour local Burger King might look a bit fresher, faster, following a $1 billion deal announced by BK parent Restaurant Brands International. The fast-food holding company is buying its biggest U.S. Burger King franchisee, Carrols Restaurant Group , partly to try to speed up remodels of older domestic restaurants, it said. RBI said Tuesday that it will pump $500 million into remodeling roughly 600 of Carrols’s BK locations, aiming to wrap up the remodels by 2028, faster than the franchisee would’ve done on its own.
Persons: Burger King, Justin Sullivan, Burger Organizations: BK, Brands, Burger King, Carrols, Group, Carrols’s BK
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