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☆ Fast food isn't cheap anymore
▼ + stars: | 2023-11-27 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

McDonald's menu prices are up about 10% this year. AdvertisementInflation may be slowing, but when it comes to skyrocketing fast-food prices, the damage is done — and there's no turning back. The Bureau of Labor Statistics reported that fast-food prices in October jumped 6.2% over the past 12 months. Nancy Luna/Business InsiderMore price hikes are on the horizonChipotle recently raised menu prices by 3% in October. Some are fuming over skyrocketing fast-food prices and expressing their concern on social-media platforms such as TikTok and Reddit .

Persons: That's, Chipotle, —, Tim Powell, Mark Kalinowski, Nancy Luna, McDonald's, Kalinowski, Chris Kempczinski, @xconmedia, Ian Borden, Borden Organizations: Service, Starbucks, Labor Statistics Locations: QSRs, California, Orange , California, Connecticut

☆ I visited 4 Subway locations and saw firsthand what challenges its new owners will face. I found stale bread, bad tuna, and outdated, dirty restaurants.
▼ + stars: | 2023-09-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +9 min

We visited four Subway in Southern California to figure out how Roark can fix the brand. So I visited four Subway stores near my Southern California home. It is one of hundreds of Subway stores that have been remodeled over the years. In 2021, The New York Times conducted its lab test and published a report stating that it found no tuna DNA in Subway tuna sandwiches. I ordered the tuna sandwich at a Subway in Santa Ana, California, an aging stand-alone store in a former adobe-style Taco Bell building.

Persons: Roark, Dunkin, Fred DeLuca, Jared Fogle, It's, haven't, Nancy Luna, Burger King, —, Tim Powell, Powell Organizations: Roark Capital, Buffalo Wild Wings, Service, Subway, Royce, Owners, The New York Times, Chapman University Locations: Southern California, Wall, Silicon, Jersey, North America, Miami, Orange , California, Santa Ana , California, Orange

☆ The decline of Boston Market: Why the chain that sparked the rotisserie chicken craze has closed dozens of stores
▼ + stars: | 2023-08-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Boston Market, founded in 1985, sparked the rotisserie chicken craze in the late 1980s and 1990s. Between 2017 and 2022, the Golden, Colorado-based chain closed 161 stores, according to market research firm TechnomicAbout 50 more stores have closed this year. "Boston Market repeatedly has breached its payment obligations to US Foods," the suit states. Boston Market began serving its homestyle meals of spit-roasted rotisserie chickens, made-from-scratch cornbread, and creamy mac and cheese in 1985. Boston Market also faced competition from grocery stores like Costco and Kroger, which began selling rotisserie chickens in 1994.

Persons: Brenda Rivera, Rivera, Seth Wenig, Joseph Petrecca, McDonald's, Jay, Pandya, Tim Powell, That's, It's, it's Organizations: Boston, McDonald's, Service, New Jersey's Labor Department, The, Boston Market, Engage Brands, Restaurant Business, US Foods, Costco, Kroger, Sun Capital Partners, Sun Capital, Restaurant, Group, Companies Locations: New Jersey, Wall, Silicon, California, Boston, , Colorado, Jersey, Massachusetts, Arizona, Orange County , California, Huntington Beach , California

☆ Chipotle is becoming a huge hit in small towns, and it's hurting chains like Chick-fil-A, McDonald's, and Texas Roadhouse
▼ + stars: | 2023-07-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Now, it's expanding to small towns and hurting chains like Chick-fil-A, according to Placer.ai. Popular steak house chain Texas Roadhouse, which is 1.6 miles from the new Chipotle, saw year-over-year traffic slide by 5.27% in April and by 3.92% in May 2023. A Chick-fil-A less than a mile from Chipotle, saw foot traffic decrease four out of five weeks in May, Placer.ai reports. "I don't see how Chipotle's brand can transfer to small towns." Chipotle isn't betting all of its growth on small towns.

Persons: Chipotle, Placer.ai, Jack Hartung, Tim Powell, Zers, Powell Organizations: Service, Wall Street, Placer.ai, Texas, X Locations: Wall, Silicon, Chipotle, America, Texas, San Angelo , Texas, The Texas, McDonald's, Covington , Louisiana, Camden , Delaware, Washington, Canada, France, Germany

☆ Former Domino's CEO bought nearly $4,000 worth of pizza in a year
▼ + stars: | 2023-03-14 | by ( Grace Mayer | Nancy Luna | ) www.businessinsider.com time to read: +3 min

Former Domino's CEO Ritch Allison bought $3,919 worth of pizza in 2021, the Financial Times found. The former CEO was compensated for a nearly $4,000 personal pizza expense, the Financial Times reported, citing Domino's proxy filing from last year. As FT points out, the previous proxy shows Allison's nearly $4,000 in pizza in 2021 was relatively tame. During his tenure as CEO, Allison pushed innovation and a culture of risk-taking at the tech-forward company. Curious what $3, 919 gets you in Domino's pizza pies?

☆ A new documentary on Subway and Jared Fogle couldn't come at a worse time
▼ + stars: | 2023-02-25 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

Jared Fogle became Subway's pitchman after losing 245 pounds by mostly eating the chain's subs. A Fogle documentary airing in March is bad timing for Subway as it looks for a buyer, analysts say. Yet, a ghost from Subway's past, Jared Fogle, is returning to haunt America's largest sub chain. The new documentary series promises to reveal the "rise and fall" of the former Subway pitchman who "masqueraded as a national hero while hiding a horrific side." Are you a Subway insider with insight to share?

☆ Why McDonald's and Domino's could win a recession, while Starbucks and Burger King could suffer
▼ + stars: | 2023-01-20 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Some consumers trade down from casual-dining favorites to fast-food chains, analysts said. Analysts predicted what top publicly traded chains could do well with consumers during a recession. Typically during a recession, restaurants feel the pain first. Analysts think McDonald's, Papa Johns, Olive Garden, Taco Bell, Chipotle, and Domino's are set up for success during a recession. Analysts are undecided or mixed on brands like Starbucks, Wendy's, and Cheesecake Factory and how they might fare during a recession.

☆ Restaurants open on Christmas Day 2022: McDonald's, IHOP, Denny's, and more
▼ + stars: | 2022-12-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +8 min

Benihana: Open Christmas Day and Christmas Eve. Bar Louie: Open Christmas Day and Christmas Eve. May be open Christmas Day, depending on location or franchiseGolden Corral: Some locations will be open Christmas Eve and Christmas Day. Closed Christmas Day, but open Christmas EveTaco Bell: Restaurants are open on Christmas Eve. Friendly's: Open on Christmas Eve until 6 p.m.In-N-Out: Open from 10:30 a.m. to 11 p.m. on Christmas Eve.

☆ You may pay nearly $8 for a McDonald's Big Mac in Massachusetts versus $3 in Oklahoma. Here's why costs can vary — even for locations across the street from one another.
▼ + stars: | 2022-12-07 | by ( Nancy Luna | ) www.businessinsider.com time to read: +7 min

Until that happens, he's taken on the unofficial position of "fast-food data scientist," thanks to his latest side project, the Fast Food Index. Fast Food IndexAccording to the Fast Food Index, the most expensive Chipotle chicken burrito is sold for $11.10 in Manhattan's garment district. Other Fast Food Index findings:At $7.89, a McDonald's in Lee, Massachusetts, is home to the most expensive Big Mac. The most expensive Taco Bell crunchy taco is sold in a small town in California. Chipotle menu prices increased by 4% in August, and the company has raised prices for delivery.

☆ Burger King's new 'Royal Reset' would reward 800 top restaurants but could punish thousands of others. Analysts worry it could kick off a 'Darwinian' battle for survival.
▼ + stars: | 2022-09-19 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Tim Powell, the managing principal at the consultancy Foodservice IP, said Burger King units were long overdue for modernization. But he questioned Burger King's "survival of the fittest" tactic. Jose Cil, the CEO of Burger King's Restaurant Brands International, said the turnaround plan was directed at lifting sales for all restaurants. "All of that will lead to an output which is increased traffic, increased sales, increased restaurant-level profitability, and growth for the brand, from a systemwide sales standpoint. US sales at Burger King increased nearly 4% in 2021.

☆ Burger King's $400 million turnaround plan favors 800 top-performing restaurants. It's a 'Darwinian' move analysts say could leave hundreds of franchisees in the lurch.
▼ + stars: | 2022-09-14 | by ( Nancy Luna | ) www.businessinsider.com time to read: +6 min

Burger King unveiled a $400 million "Reclaim the Flame" turnaround plan last week. Burger King's $400 million "Reclaim the Flame" turnaround plan calls for upgrading 800 of the company's top restaurants, a "Darwinian" move that could hurt hundreds of poor-performing locations left without financial support, analysts say. Tim Powell, the managing principal at the consultancy Foodservice IP, said Burger King units were long overdue for modernization. Jose Cil, the CEO of Burger King's Restaurant Brands International, said the turnaround plan was directed at lifting sales for all restaurants. "All of that will lead to an output which is increased traffic, increased sales, increased restaurant-level profitability, and growth for the brand, from a systemwide sales standpoint.

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