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Franchisees

All articles tagged with #franchisees

Wendy's Faces Franchise Strain as US Closures Mount
business14 days ago

Wendy's Faces Franchise Strain as US Closures Mount

Wendy's is grappling with a turnaround, reporting 289 US restaurant closures in the first half and a 7% drop in US same-store sales in Q2. CEO Bob Wright says the chain will take a more targeted approach to closures to strengthen franchise health, amid ongoing leadership turnover and stiff competition from McDonald’s, Burger King, and others. Analysts expect a clearer plan and don’t foresee a meaningful turnaround before 2027, with the stock having fallen sharply over the past several years.

via finance.yahoo.com|
#business#ceo-wright#closures
Papa John's Shrinks U.S. Footprint as It Accelerates Closures
business2 months ago

Papa John's Shrinks U.S. Footprint as It Accelerates Closures

Papa John’s is accelerating a plan to close about 300 underperforming restaurants by end-2027, with 44 locations shut in Q1 2026 across 17 states (mostly franchised and more than a decade old) to boost profitability and franchisee health. Management says closures target restaurants averaging under $600,000 in annual sales and will be offset by cost savings and a stronger supply chain, with roughly 200 closings expected in 2026 to concentrate resources in priority markets.

via USA Today|
#business#franchisees#north-america
Wendy's to shutter up to 6% of U.S. locations amid sales slump
business6 months ago

Wendy's to shutter up to 6% of U.S. locations amid sales slump

Wendy's plans to close 5%-6% of its U.S. restaurants (about 28 closed in Q4; remaining cuts expected in H1 2026) after an 11.3% drop in Q4 same-store sales and a 5.2% decline for the year, as it navigates value competition and leadership changes; franchisees may drop breakfast, and the company will roll out new chicken sandwiches and a cheesy bacon cheeseburger later this year.

via Axios|
#business#fast-food-industry#franchisees
Hotels Turned into ICE Protests Battlegrounds Amid Immigration Crackdown
politics6 months ago

Hotels Turned into ICE Protests Battlegrounds Amid Immigration Crackdown

Budget hotels across the U.S. have become a frontline in protests against ICE, with activists staging late-night noise and last-minute bookings to pressure hotels to refuse service to federal agents. Chains face a dilemma between non-discrimination policies and potential backlash, as incidents such as Hilton dropping a Lakeville, Minn. Hampton Inn after a clerk was filmed allegedly refusing to rent to agents illustrate. The actions highlight tensions affecting immigrant-owned franchises and hotel workers during the immigration crackdown, with more protests anticipated in other cities.

via The New York Times|
#franchisees#hotels#ice
McDonald's Revamps Menu with New $1 Items and Value Deals
business1 year ago

McDonald's Revamps Menu with New $1 Items and Value Deals

McDonald's is launching a new McValue menu on January 7, offering customers more savings options, including a buy one, add one for $1 deal and $5 meal deals. The menu will feature breakfast and lunch items like Sausage McMuffins, McNuggets, and McChickens, allowing customers to mix and match their favorites. The initiative aims to provide personalized value options in collaboration with franchisees.

via AL.com|
#business#fast-food#franchisees
McDonald's Revamps Menu with New 'McValue' Platform for 2025
business1 year ago

McDonald's Revamps Menu with New 'McValue' Platform for 2025

McDonald's is set to launch its new McValue platform across U.S. restaurants on January 7, 2025, offering a range of value deals including the $5 Meal Deal, exclusive in-app offers, and a new Buy One, Add One for $1 offer on popular items. The initiative aims to provide customers with more affordable options and customizable deals, reflecting feedback from franchisees and customers nationwide.

via PR Newswire|
#business#fast-food#franchisees
"Fast Food Value Meals Make a Comeback Amid Economic Pressures"
business2 years ago

"Fast Food Value Meals Make a Comeback Amid Economic Pressures"

Fast-food chains like McDonald's, Wendy's, and Burger King are temporarily reintroducing value meals to attract inflation-weary customers, despite the financial strain on franchisees. These value meals are often break-even propositions, relying on customers to purchase additional items to maintain profitability. Franchisees are feeling the pinch from rising costs, including higher wages and ingredient prices, but see value meals as a strategy to increase market share and customer traffic amidst economic pressures.

via CNBC|
#business#consumer-spending#fast-food
McDonald's Addresses Concerns Over $18 Big Mac Meal Pricing
business2 years ago

McDonald's Addresses Concerns Over $18 Big Mac Meal Pricing

McDonald's U.S. President Joe Erlinger refutes claims that the company has significantly raised prices beyond inflationary rates, addressing concerns over reports of an $18 Big Mac meal. He clarifies that the average price of a Big Mac has only increased by 21% since 2019, from $4.39 to $5.29, due to inflationary pressures. Franchisees, who set their own prices, reflect the increased costs of running their businesses. McDonald's is planning promotions to counteract flat or declining traffic in its top markets.

via Fox Business|
#business#fast-food#franchisees
McDonald's Denies Viral $18 Big Mac Claims
business2 years ago

McDonald's Denies Viral $18 Big Mac Claims

McDonald's USA President Joe Erlinger addressed concerns over reports of high Big Mac prices, emphasizing that such instances are exceptions and not the norm. He noted that the average price of a Big Mac has risen by 21% since 2019, not the 100% suggested by some reports. McDonald's profits have surged by nearly a third since 2019, and the company plans to introduce $5 combo meals to reinforce its value brand image amidst inflation and "greedflation" criticisms. Pricing is set by franchisees, with the $18 Big Mac being an outlier in a high-income area.

via New York Post |
#business#fast-food#franchisees
McDonald's Clarifies $18 Big Mac as Rare Exception Amid Price Concerns
business2 years ago

McDonald's Clarifies $18 Big Mac as Rare Exception Amid Price Concerns

McDonald's USA President Joe Erlinger addressed concerns over reports of an $18 Big Mac meal, stating it is an exception and not the norm. He emphasized that the average Big Mac price is $5.29, up 21% since 2019, and that franchisees set prices based on increased operational costs. Amid rising fast food prices, McDonald's plans a $5 meal promotion to attract budget-conscious customers, as some Americans reduce fast-food consumption due to cost concerns.

via CBS News|
#business#consumer-behavior#fast-food-prices
"McDonald's and Burger King Compete with New $5 Value Meals"
business2 years ago

"McDonald's and Burger King Compete with New $5 Value Meals"

The National Owners Association, a group representing McDonald's franchisees, supports the company's new $5 value meal but calls for more corporate financial backing to ensure its sustainability. The group highlights the need for affordable options for both consumers and franchisees, suggesting menu innovations to keep costs low. McDonald's has noted significant cash flow increases for U.S. franchisees since 2018 but declined to comment on the letter.

via Yahoo Finance|
#business#franchisees#inflation
Middle East Conflict Takes Toll on McDonald's Sales
business2 years ago

Middle East Conflict Takes Toll on McDonald's Sales

McDonald's reports overall sales and earnings growth for the fourth quarter, but notes that tensions in the Middle East have negatively impacted its business in the region, leading to a 0.7% growth in its licensed markets business. The company provided financial assistance to franchisees affected by the turmoil, and its stock fell slightly in premarket trading. McDonald's largest market, the United States, saw a 4.3% sales increase, but overall revenue for 2023 grew 10% compared to the previous year. CEO Chris Kempczinski expressed confidence in the resilience of the business amid ongoing macro challenges.

via CNN|
#business#franchisees#mcdonalds
"The Surprising Source of Domino's 60% Revenue: It's Not Just Pizza!"
business2 years ago

"The Surprising Source of Domino's 60% Revenue: It's Not Just Pizza!"

Domino's Pizza, the largest pizza company in the world, generates only a small portion of its revenue from selling pizza directly to customers. Instead, the majority of its revenue, around 60%, comes from its supply chain business. While Domino's owns only 1% of its 20,000 locations, it has incentivized franchisees to choose its supply chain by sharing profits with them. This strategy has led to high adoption rates among U.S. and Canadian stores and a stellar franchisee retention rate. As a result, Domino's expects to open over 1,100 new franchised locations annually through 2028, driving high-margin fees and royalties. This unique business model positions Domino's for strong growth and potential market-beating returns for investors.

via The Motley Fool|
#business#business-model#dominos-pizza
Franchise Owners Resist Choice Hotel-Wyndham Merger as Comfort Inn's Owner Pursues Hostile Takeover
business2 years ago

Franchise Owners Resist Choice Hotel-Wyndham Merger as Comfort Inn's Owner Pursues Hostile Takeover

Franchise owners of Choice Hotels are pushing back against the company's attempted merger with rival Wyndham Hotels, citing concerns about reduced competition and potential harm to their businesses. The Asian American Hotel Owners Association conducted a survey revealing that 77% of respondents believed the merger would negatively impact their hotels. Franchisees argue that consolidation in the industry has already tilted the balance of power in favor of brand owners, leaving them with fewer options and less leverage to demand better services at lower costs. The opposition from hotel owners could pose a hurdle for Choice Hotels as it seeks approval from the Federal Trade Commission for the merger.

via The New York Times|
#business#choice-hotels#franchisees