McDonald’s Shares Jump 6% on Earnings Beat
The company benefited from value deals and increased menu prices as it undergoes the largest construction project in its history.
Arby’s Owner Beefs up With $1.5B Sonic Buy
Sonic is America's largest drive-in chain but has been facing intense pricing competition from bigger fast-food rivals.
Chipotle Same-Store Sales Gain Boosts Stock
The 3.3% increase in Q2 beat analysts' estimates as an increase in average check helped offset 1.8% fewer comparable restaurant transactions.
McDonald’s Serves up 5.5% Comp Sales Gain
The fast-food giant benefited in Q1 from menu price increases that fueled higher check averages in the U.S.
Yum Brands Posts 2% Same-Store Sales Gain
“The fourth quarter was a solid ending to a year where Yum Brands met or exceeded each component of our full-year guidance,” CFO David Gibbs says.
Papa John’s CFO to Take Jack in the Box Job
Lance Tucker is leaving Papa John's after seven years as its CFO and will replace Jerry Rebel at Jack in the Box.
Arby’s Owner Buys Buffalo Wild Wings for $2.9B
After pulling off an impressive turnaround at Arby's, Roark Capital faces a similar challenge at the chicken-wing chain.
Storms Dent Wendy’s Same-Store Sales in Q3
The fast-food chain's stock falls 3% amid concerns it is losing ground to its rivals in the burger wars.
Chipotle Sales Rise 8.8% But Stock Dips 9.5%
The Q3 revenue gain "is not bad per se, but ... it is clear that Chipotle has still not made up all of the ground it lost" after a food-safety scandal.
Promotions Drive McD’s 6% Comp Sales Jump
Deals such as McPick 2 and the Signature Crafted premium sandwich helped the chain post a 4.1% Q3 gain in U.S. same-store sales.
Ruby Tuesday Going Private in $335M Deal
NRD Capital will purchase the restaurant chain, which has lost money for nine straight quarters amid competition from fast-dining concepts.