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Burger King's owner recently opened its first ghost kitchen, or digital food hall, in Miami. And recently, the parent of Burger King, Restaurant Brands International, opened its first ghost kitchen in Miami. Wonder is part ghost kitchen, part food delivery van, part meal-kit provider. These ghost kitchens on wheels, outfitted with cooking equipment and chefs, can be hailed through an app. The company, which ended its partnership with Miami-based Reef Technology this year, is not labeling the facility as a ghost kitchen.
New York CNN Business —When Popeyes launched its crispy chicken sandwich in 2019, the menu item sold out in just two weeks. When it came back, it was a massive hit — the sandwich was so popular it helped lift sales for the chicken chain. Popeyes has sold nuggets and fish sandwiches modeled on the item to try to build off its success. But excitement around the chicken sandwich has faded. There are about 2,860 Popeyes locations in the US, and nearly 3,930 globally.
November 3rd marks National Sandwich Day (yes, it’s a thing.) But even though National Sandwich Day is still not an actual holiday, plenty of restaurant chains are doling out deals and freebies on sandwich orders. Popeyes: Buy one Chicken Sandwich combo (classic or spicy) and get a second sandwich free through the chain’s app or website. Jersey Mike’s Sub: Customers can get free delivery on their sandwich order through the app. McAlister’s Deli: The restaurant chain is offering a buy one, get one free sandwich promotion today for its reward program members.
Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts' expectations, fueled by sales growth at Burger King and Tim Hortons. Burger King reported same-store sales growth of 10.3%, driven by strong international growth. The latest addition to Restaurant Brands' portfolio, Firehouse Subs, reported flat same-store sales. Restaurant Brands' results come after Yum Brands on Wednesday also reported stronger same-store sales at its Taco Bell and KFC chains. Like other multinational companies, Restaurant Brands' results were hurt by the strong dollar.
Check out the companies making headlines before the bell:Restaurant Brands (QSR) – The parent of Burger King, Tim Hortons and Popeyes saw its stock rally 4% in premarket trading after the company reported better-than-expected quarterly results. Under Armour (UAA) – Under Armour jumped 4.2% in premarket action after the apparel maker reported better-than-expected earnings for its latest quarter, along with revenue that was roughly in line with Street forecasts. The chip maker also reported quarterly revenue and profit that were in line with Wall Street forecasts. The forecast is weighing on shares despite Roku reporting better-than-expected revenue and a larger-than-expected number of active accounts. eBay (EBAY) – eBay surged 6.7% in premarket trading after the e-commerce company reported better-than-expected results for its latest quarter, boosted by sales of refurbished goods and luxury offerings.
We spoke with one tech founder who moonlights as a ghostwriter for prominent VCs, and rakes in hundreds of thousands of dollars — sometimes for a single thread. Below, we've got an inside look at the lives of Twitter ghosts, a job that, in one ghostwriter's case, is "60% shitposting." Top VCs are paying ghostwriters big bucks to craft tweets for them. This person — a founder of a tech startup — started ghostwriting as a side hustle, taking five hours out of his week to come up with original tweets. VCs, on their hunt for the next superstar startups, must establish themselves on Twitter, and write the kind of content that will get the attention of young founders.
Jack in the Box, Burger King, and Popeyes have ended their expansion plans with Reef. Burger King, Popeyes, Jack in the Box, and Del Taco have ended their partnerships with Reef Technology, a ghost-kitchen startup. Health inspectors in Austin, Texas, suspended four Reef food trailers after a recent inspection last month. In mid-September, Philadelphia inspectors cited a Reef kitchen trailer for having the wrong retail-operating license, food-safety inspection records show. Are you a Reef insider with insight to share?
This is Kaja Whitehouse reporting to you from New York City, where real estate isn't just a profession — it's an obsession. But you don't have to be preoccupied with real estate, or located in the Big Apple, to known about Compass, the fast-rising real-estate brokerage that IPOed last year. When Compass IPOed in April 2021, it garnered a $7 billion valuation — the highest price ever for a residential real estate brokerage. In other news:Goldman Sachs CEO David Solomon moonlights as a DJ, and is now set to play at the Lollapalooza music festival in July. It's no secret that Goldman Sachs' CEO David Solomon has been under pressure over his burgeoning consumer banking division Marcus.
UK sales are booming and its Stratford site has the chain's highest sales globally. A map showing Popeyes' current and upcoming UK restaurants. The company aims to have 350 UK restaurants by 2031. Popeyes was credited with starting the chicken sandwich wars in 2019, when its sandwich became an instant success following huge social-media buzz. RBI bought sandwich chain Firehouse Subs in 2021.
"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.
Burger King's owner recently opened its first ghost kitchen, or digital food hall, in Miami. Meet 7 nontraditional ghost kitchen startups. And, recently, the parent of Burger King, Restaurant Brands International, opened its first ghost kitchen in Miami. These ghost kitchens on wheels, outfitted with cooking equipment and chefs, can be hailed through an app. The company, which ended its partnership with Miami-based Reef Technology this year, is not labeling the facility as a ghost kitchen.
About 100 restaurants belong to RBI (most restaurants within RBI brands are owned by franchisees). Housman, RBI's chief people and services officer, joined RBI from Burger King Corporation in 2016 and has climbed the ranks since. The report looked at 60 brands, including Popeyes Louisiana Kitchen, but didn't include Restaurant Brands International. RBI makes DEI every executive's responsibilityOne of the first DEI initiatives Housman's team spearheaded was a change to the interview process. Thirty percent of senior leaders were women — an improvement from the year prior — and about 43% of senior leaders were non-white.
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