In poker a “tell” is a facial expression or word that inadvertently betrays the power or deficiency of a player’s hand. It can happen in business, too, and Mike Andres, named last August to replace Jeff Stratton as president of McDonald’s USA, said something during last Friday’s Q4 earnings call that was, well, telling.
Shake Shack Inc. filed for an initial public stock offering on Monday. That caps an amazing run for a concept that began in 2001 as a hot dog cart in New York City’s Madison Square Park. The prospectus filed with the Securities and Exchange Commission lists the proposed maximum aggregate offering price as $100 million; [...]
The Government of Canada on Thursday gave its approval of Burger King Worldwide’s application to acquire control of the Tim Hortons brand. However, like a parent reluctantly allowing a child to date, the government gave its approval contingent on Burger King’s agreement to a list of commitments. These reflected the government’s concern about an iconic [...]
Burger King and Red Robin Gourmet Burgers reported Q3 sales today and the contrast between them was sharp. BK surprised Wall Street with its strongest performance in two years while Red Robin continued to battle back from the marketing mistakes it made earlier this year.
Burger King reported a 2.4% increase in global same-store sales, [...]
Johnny Rockets announced a sweeping plan to reimagine itself with four new prototypes operating under the Johnny Rockets Route 66 name. Each is different, including a drive-in-movie concept, a drive-thru concept (with breakfast menu), a food truck and a mobile pop-up restaurant. Some of the first of these prototypes could debut by year-end.
Through a [...]
Burger King Worldwide has confirmed talks to acquire Canadian chain Tim Hortons. The combined entity would be headquartered in Canada as a tax-reducing move. Please see the earlier post, “Tim Hortons and QSRs’ New Reality” here. Burger King’s announcement follows:
OAKVILLE, ON, and MIAMI, FL, August 24, 2014 – In response to media reports, Tim [...]
The $10 million to $25 million McDonald’s reportedly spends annually to be a World Cup sponsor is the proverbial double-edged sword. On the one hand, the Cup is one of the best events with which a brand can be associated. But for McDonald’s, the success of this year’s World Cup meant millions of people were [...]