The 7-Eleven convenience store chain this week marked the 50th anniversary of its first outlet opening in Japan, where convenience stores have become essential infrastructure for everyday life. On May 15, 1974, the first Japanese outlet opened in Tokyo’s Toyosu area. The first product sold there was a pair of sunglasses. “In the beginning, I …
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Burger King is sprinting toward $300,000 in per-unit profitability for franchisees, and it’s thanks to more than $2 billion worth of investments to get back on track. That breaks out to $400 million from the “Reclaim the Flame” turnaround plan announced in September 2022, the $1 billion acquisition of its largest franchisee Carrols Restaurant Group, a $500 …
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Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC struggled to attract customers. Shares of the company fell nearly 4% in early trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Yum reported first-quarter net income of …
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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. Owner Restaurant Brands International kicked off Burger King’s comeback strategy a year and half ago with $250 million to renovate restaurants and upgrade its technology and equipment, plus an additional $150 …
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Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet. With a nod to its roots in Charlotte, North Carolina, Krispy Kreme is a globally recognized purveyor of delicious treats, famed for its melt-in-your-mouth Original Glazed doughnuts. Operating in over 35 countries, …