QSR, Restaurant and Food Service Trends

November 08, 2007

Dairy Queen to add 500 stores in China in next 5 years

International Dairy Queen Inc, a U.S. ice cream chain, will boost its outlets in China by adding 500 stores in the next five years, banking on the potential growth in ice cream consumption by an increasingly affluent population. The company, contr...

November 08, 2007

Burger King Corp nombra presidente de la región de America Latina

Burger King Corp (NYSE: BKC) anunció el nombramiento de Armando Jacomino como presidente de la región de América Latina. Jacomino continuará con el creciente desarrollo de restaurantes de la Compañía en América Latina y el Caribe, incluida una mayor e...

November 07, 2007

US: 65 Percent of Fast Food Restaurants Report Increased Employment in Q4

While industries such as retail, manufacturing, and financial services have cut tens of thousands of jobs, the foodservice sector continues to beef up payrolls, with 65 percent of fast food restaurants reporting an increase in employment levels at bot...

November 06, 2007

Burger King names Armando Jacomino president for Latin America

Burger King Corp on Tuesday named Armando Jacomino as president of the Latin America region, replacing Julio Ramirez, who was promoted to executive vice president, global operations.

November 06, 2007

Burger King Holdings Plans 300-Unit Expansion

Burger King Holdings will show its first net restaurant gains in the US and Canada in six years in 2008, executives said at the company’s first quarter conference call. The company also says it plans an expansion of a net increase of 300 units worldwid...

November 05, 2007

Burger King Fiscal 1Q Profit Rises

Fast-food chain Burger King Corp. said Monday its fiscal first-quarter earnings rose 23 percent, beating Wall Street expectations, helped by "Simpsons"and "Transformers"marketing promotions and sales of the Tendercrisp and Spicy Ch...

November 05, 2007

Burger King shares down 6%

Burger King Holdings Inc. said Monday its first-quarter earnings rose 23 percent, but shares of the world's second largest hamburger chain fell more than 6 percent as three big shareholders disclosed plans to sell about a third of their holdings.

November 05, 2007

Ganancia Burger King aumenta en 1er trimestre fiscal

La cadena estadounidense de restaurantes Burger King Holdings Inc reportó el lunes un aumento mayor al esperado en su utilidad del primer trimestre fiscal, gracias a sus nuevos sándwiches de pollo y sus promociones de las películas "The Simpsons&...

November 04, 2007

Q&A: Ralph Alvarez, president and chief operating officer of McDonald's Corp. on diversity

In 2003 and 2004, the fast-food giant ranked No. 1 in Fortune Magazine's listing of "Top 50 Companies for Diversity."In 2006 and 2007, Latina Style magazine called McDonald's "Number One Company for Latinas to Work." Ralph Alvarez,...

October 31, 2007

Japan's Mitsubishi launches takeover bid for KFC Japan

Japanese trading house Mitsubishi Corp. announced a tender offer Wednesday to boost its stake in Kentucky Fried Chicken Japan Ltd. in a deal worth up to 30.83 billion yen (US$267.72 million;¤185,38 million).Mitsubishi, which already owns 31 percent of ...

October 31, 2007

Wendy's Financing Package Could Lead To Lower Offers

Potential buyers for Wendy's International Inc. (WEN) have a Nov. 12 deadline to submit bids for the hamburger chain, but a shaky financing package assembled by Wendy's banks could throw a wrench in the auction and lead to lower offers. Wendy's lende...

October 29, 2007

McDonald's Hungary moves to trans fat free frying oil

From October, McDonald’s Hungary replaces its cooking oil to a newly developed mixture that is made of rapeseed and sunflower seed oil. The new oil has lower than 2% TFA content – reduced from the current maximum of 5%. And the rate of saturated fats ...

October 28, 2007

By confessing its sins and introducing healthier snacks, the fast food industry is booming again

A few years ago it looked as though the odd crumbling monument in hick, southern towns would be all that remained of the fast-food industry. The obesity epidemic, class-action lawsuits and the stomach-churning revelations in Eric Schlosser’s book Fast...

October 27, 2007

Bringing Calories Out of Hiding

There’s no telling how many calories the restaurant industry has expended running away from New York’s pioneering attempt to improve the city’s health by requiring chain eateries to prominently display calorie information. Fortunately, the city health...

October 26, 2007

Wendy's Says Sale Is Taking Longer

Wendy's International Inc., the U.S. hamburger chain that's been seeking a buyer since April, said its proposed sale has been delayed because of turmoil in credit markets and added that it may give an update on the process soon. ``We acknowledge that ...

October 26, 2007

Wendy's Earnings Fall but Beat Estimates

Wendy's reported its third-quarter earnings fell 57 percent from a year ago, before it spun off the Tim Hortons coffee and doughnut chain. But its results easily beat Wall Street estimates, helped by improving margins and cost controls. Sales at store...

October 25, 2007

New York City Reintroduces Calorie Rule

The Bloomberg administration, in its continuing fight against obesity, reintroduced a measure yesterday to force chain restaurants to display calorie information on their menus or menu boards, after a federal judge struck down a similar measure last m...

October 25, 2007

Reductions needed in the sodium added to foods

In an effort to save lives and reduce disability from stroke and heart disease, 17 of Canada’s leading health groups and professional associations today urged comprehensive action to reduce sodium levels in food.“Increased blood pressure is the leading...