QSR, Restaurant and Food Service Trends

July 30, 2008

Aumenta consumo de comida rapida

Comer en un restaurante a la carta o elegir uno donde predomine la rapidez del servicio conlleva, además de fijarse en el valor nutricional, mirar al bolsillo. Cada vez están siendo más los residentes que se inclinan por esta segunda opción. Los esta...

July 30, 2008

Manila Police To Run Cars On Used McDonald's Cooking Oil

Police in Manila are looking to convert their patrol cars to run on a mixture of diesel and used cooking oil from McDonald's (MCD), officials and the company said Tuesday. With oil prices at crippling highs, the project would convert cars in the Makati...

July 30, 2008

The Burger King brand enters Suriname

Burger King Corp. announced today that it has awarded development rights in Suriname to the following franchise developers: Shanker Persaud, Anil Raghoebarsingh, Sanjay Raghoebarsingh and Armand Van Alen. The first BURGER KING(R) restaurant to be launc...

July 28, 2008

Are you New Zealand's best chip shop? Hurry: Deadline July 31

Chip shops across the country are being urged to get in quick to be crowned the nations best chippie, with registrations for the ‘That’s Life! Best Chip Shop Competition 2008’ due to close on 31 July. Chairperson of the Chip Group, Glenda Gourley, sa...

July 25, 2008

Schwarzenegger signs California trans fat ban

California will be the first state to ban trans fats in restaurants and bakeries under legislation signed today by Gov. Arnold Schwarzenegger. The measure requires restaurants to quit using trans fats by January 2010, and for bakeries to follow suit ...

July 25, 2008

David Karam to succeed Kerii Anderson as chief of Wendy's after purchase by Triarc

J. David Karam will succeed Kerrii Anderson, president and chief executive of Wendy's International Inc, when Triarc Cos Inc completes its purchase of Wendy's later this year, Triarc said on Friday.

July 25, 2008

Wendy's post-merger management team unveiled

The top executive group at Wendy's after its acquisition by the parent of the Arby's chain will include three faces familiar to the Dublin company's employees and franchisees. Triarc Companies Inc. disclosed Friday three high management appointments fo...

July 25, 2008

Increased Food Prices Mean Changes Are on the Horizon for McDonald's Dollar Menu

Get your $1 double cheeseburgers at McD's while you can - they're not likely to be around much longer! With ingredient costs on the rise and a significant increase in the cost of beef, McDonald's may raise prices on some of its popular dollar menu item...

July 23, 2008

McDonald's sube por ventas mundiales

McDonald's Corp, la mayor cadena mundial de restaurantes, reportó ganancias mayores que las esperadas para el segundo trimestre, impulsadas por sus sólidas ventas en el extranjero. El énfasis de la compañía en ofrecer menús de bajo precio ayudó a sort...

July 23, 2008

McDonald's posts higher second-quarter profit

McDonald's Corp, the world's largest restaurant chain, posted a higher second-quarter profit on Wednesday, boosted by strong overseas sales. Net income came to $1.2 billion, or $1.04 per share, compared with its year-earlier loss of $711.7 million, or ...

July 22, 2008

GAIN Report: Food Service Industry Turkey 2008

Total 2007 food service revenues were about USD 19.5 billion. The tourism industry is optimistic about the 2008 season and based on early reservation numbers the Mediterranean Touristic Hotel Association predic ts a 5 to 10 percent increase in 2008 rev...

July 22, 2008

McDonald's May Post Quarterly Profit on Europe Sales

McDonald's Corp., the world's largest restaurant company, may report a second-quarter profit after European sales rose twice as fast as in the U.S. McDonald's probably earned $1.1 billion, or 95 cents a share, according to John Glass, a Morgan Stanley...

July 18, 2008

Wendy's: Takeover by Triarc progressing well

Wendy's International Inc., the nation's No. 3 hamburger chain, said Friday it is making "good progress"in ironing out the details of its takeover by Arby's owner Triarc Cos. Inc. In a letter to employees filed with the Securities and Exchang...

July 18, 2008

Burger King Buys 72 Franchised Restaurants In Iowa, Nebraska

Burger King Corp. has bought 72 restaurants throughout Iowa and Nebraska from franchisee Simmonds Restaurant Management for an undisclosed amount. The company said that it has expanded its restaurant presence to attractive Midwest markets, enabling i...

July 17, 2008

Yum CEO David Novak takes on KFC's weak results

Lagging sales at KFC prompted David Novak, chief executive officer of parent Yum! Brands, to unleash of string of criticisms of the fast-food chain this morning during a conference call with analysts.“Taco Bell and Pizza Hut are winning, and KFC is los...

July 16, 2008

Yum! Brands Inc. Reports Second-Quarter 2008 EPS of $0.45 per share

Yum! Brands Inc. (NYSE: YUM) today reported results for the second quarter ended June 14, 2008. SECOND-QUARTER HIGHLIGHTS • Very strong system-sales growth of +43% in mainland China and +15% in Yum! Restaurants International (YRI), fueled by broad-bas...

July 15, 2008

Californian Legislature approves bill banning trans fats

California is poised to become the first state in the nation to ban restaurants and other food facilities from using trans fats, which are known to increase the risk of heart disease, under a bill approved by the state Legislature Monday and sent to ...

July 09, 2008

KFC to open more outlets in Malaysia

KFC Holdings (M) Bhd (KFCH) is expanding its chain of restaurants by another 12 to 15 outlets this year and diversifying its product offerings in a bid to grow sales under more challenging operating conditions. Managing director Jamaludin Md Ali said t...