Restaurant Brands International Inc
McDonald’s and Chipotle Revealed as Winners and Losers in Latest Restaurant Earnings
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC The second quarter proved to be a defining period for restaurant companies, with some emerging as winners and others as losers. Two key factors influenced their performance: menu prices and customer behavior. While some chains experienced alienation from diners due …
5 Key Points to be Aware of Before Monday Market Opening
Get ready for a smart start to your trading day with these important news updates: 1. Markets Aim to Rebound Stock futures inched higher on Monday after a recent downturn. Last week, the Nasdaq and S&P 500 suffered their worst weeks since March, dropping 2.9% and 2.3% respectively. The Dow fell approximately 1.1%. As the …
Turnaround Efforts Boost Franchisee Profits, Says Parent Company of Burger King
Burger King’s strategy to revive its U.S. business is already yielding positive results, as franchisee profitability improves alongside stronger sales. CEO Josh Kobza of parent company Restaurant Brands International shared with CNBC, “We’ve not only redirected our sales in the right direction, but we have also witnessed a significant increase in franchise profitability.” Restaurant Brands …
Utilizing AI Technologies, Restaurants Enhance Efficiency in Food Preparation and Ordering
Restaurant brands are experimenting with artificial intelligence (AI) to streamline food service operations, from drive-thru to back-of-house and predictive ordering for consumers. While major chains have yet to fully adopt the technology, the potential benefits include automating tasks and creating more meaningful guest experiences for restaurant workers. One significant advantage is addressing workforce challenges in …