Reported
McDonald's CEO Says High Inflation, Flat Traffic Will Continue to Pressure Restaurant Industry
Chris Kempczinski said he expects elevated inflation and stagnant customer traffic to keep weighing on the restaurant sector.
· 1 min read
Restaurant Industry
EGEGazette
Reported
McDonald's to invest heavily in restaurant upgrades and staff training
McDonald's unveiled a new growth strategy, McDonald's NEXT, that includes significant spending on restaurant upgrades and employee training.
· 1 min read
Reported
McDonald's CEO Says High Inflation, Weaker Diner Traffic Likely to Persist
McDonald's CEO Chris Kempczinski says he expects continued high inflation and flat customer traffic to keep weighing on the restaurant industry.
· 1 min read
Reported
Wendy's Franchisee Meritage Hospitality Files for Chapter 11 Bankruptcy Protection
One of Wendy's largest U.S. franchise operators sought bankruptcy protection amid broader struggles at the burger chain, CNBC reported.
· 1 min read
Reported
Chipotle Opens First Asian Location in Seoul, Marking Debut International Joint Venture
The Mexican-inspired chain is testing a joint-venture model in South Korea before expanding to Singapore in 2027, according to CNBC.
· 1 min read