Results for: Fast food

Starbucks, Pizza Hut, and even McDonald’s have reported declines in same-store sales as consumers face higher prices and interest rates. While some chains blame external factors like weather and tough comparisons, the competition for a shrinking pool of customers is intensifying. Despite outliers like Wingstop, Chipotle, and Popeyes showing growth, many restaurant companies warn that consumer pressures could persist. McDonald’s plans to create a nationwide value menu, while Starbucks bets on app upgrades and discounts to drive sales.

Restaurant Brands International’s Executive Chairman Patrick Doyle discussed the company’s plans for Burger King in the face of inflation. Doyle said that the chain will offer a variety of menu items at different price points to attract customers. He also noted that the company is feeling good about its performance despite the challenging economic environment.

Burger King is investing $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort. This investment is part of a $2.2 billion plan to revitalize the chain’s U.S. business. The remodels will include drive-thru pickup for mobile orders and self-order kiosks, and are expected to encourage customers to order more. Burger King will incentivize franchisees to remodel their locations with cash and discounts on royalties. The company expects 85% to 90% of its roughly 7,000 U.S. restaurants will have the same modern design by 2028.

New Jersey’s culinary scene extends beyond fast-food chains, offering an array of sit-down restaurants with exceptional french fry offerings. While national polls often showcase national chains, New Jerseyans have the privilege of exploring local establishments for their favorite french fries. This article highlights the nation’s all-time favorite french fries for 2024, many of which can be found in New Jersey. Additionally, the article invites readers to share their opinions on the state’s best french fry destinations, whether fast-food joints or sit-down restaurants.

Fast-food chain In-N-Out has submitted a pre-application for a new restaurant in Vancouver, Washington, located at 13511 Southeast 3rd Way. The planned 3,800-square-foot establishment will feature a drive-through and outdoor seating. A pre-application conference is scheduled for May 9, and the project must advance to the next stage within a year or the process must be restarted. This proposed location joins other recent In-N-Out expansion plans in the Portland metro area, including a potential site in Beaverton Hillsdale Highway and an upcoming restaurant in Ridgefield, Washington, which is expected to open in 2025. Currently, the closest In-N-Out location to Portland is in Keizer, with four other Oregon locations in Grants Pass, Medford, and Roseburg. The chain has not yet announced plans to open a restaurant in Portland proper or Multnomah County.

Despite the challenges of bankruptcy, Clover Food Lab has emerged with ambitious growth plans. The vegetarian fast food chain maintains a stable employee count, local sourcing practices, and continued innovation. Through efficient bankruptcy processes and open communication, Clover has navigated the financial challenges and secured investor support. The company aims to expand by 50 locations in New England over the next five years, betting on the growing demand for vegetarian and affordable fast food options.

Carl’s Jr., the popular fast-food chain known for its charbroiled burgers and fries, has closed its first-ever location in Boise, Idaho, at 226 South Broadway Ave. The company has not officially announced the closure, but signage has been removed from the building. This is the second Carl’s Jr. location to close in Boise within the past year. Customers can still visit other locations in Boise, Meridian, Eagle, Nampa, and Caldwell.

FinanceBuzz delved into Google Trends data and location counts to determine each state’s preferred fast food chain. Surprisingly, McDonald’s did not claim the top spot in any state. Wendy’s and Sonic reigned supreme in five states each, while Subway and Jimmy John’s were popular favorites in multiple states. Interestingly, 17 different restaurants emerged as favorites in the states where they were founded. New Jersey’s culinary pride, Jersey Mike’s, emerged as the beloved choice in its home state.

Restaurant Brands International (QSR), the parent company of popular chains like Burger King, Tim Hortons, and Firehouse Subs, offers potential for growth through its international expansion plans. Despite strong competition, conservative estimates indicate an achievable mid-single digit growth rate in the number of total restaurants, driven by the expansion of Tim Hortons and Firehouse. Financially, RBI has strong EBITDA margins and a stable cash flow, although its debt position warrants some attention. Overall, RBI presents an investment opportunity with a potential return of 12%, considering its stable business model, brand recognition, and international growth prospects.

McDonald’s Indonesia is offering a wedding catering package that includes 100 McChickens, 100 boxes of nuggets, or 100 Big Macs for approximately $267. The package is currently only available in Jakarta, but it has the potential to become a reality for fast food lovers in other countries. McDonald’s has a history of offering wedding catering services, with Hong Kong introducing a deluxe package in 2014 that cost approximately USD$1,243. While there is no word on whether or not McDonald’s plans to expand its catering services to the US, In-N-Out Burger offers a similar service on the West Coast with its Cookout Trucks.