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Business

“Wendy’s, burned by CEO comment, vows no price surges for burgers”

“Wendy’s said on Wednesday it has no plans to raise menu prices at times of peak demand, after the burger chain was scorched on social media sites for comments its CEO made earlier this month suggesting the chain may start… Continue Reading…

Business

“Burger King owner will buy out its biggest franchisee in US for about $1 billion”

“The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion and will renovate hundreds of its locations. Restaurant Brands International Inc. will acquire all of the issued and outstanding shares of… Continue Reading…

Business, Economy

“Restaurant Brands revenue disappoints Wall Street as Burger King same-store sales miss estimates”

“…Shares of the company were down 2% in morning trading. Here’s what Restaurant Brands reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: Restaurant Brands reported third-quarter net income… Continue Reading…

Business, Stocks

“Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales”

“…Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Restaurant Brands reported first-quarter net income of $277 million, or 61 cents per share, up from $270 million, or 59… Continue Reading…

Business

“Burger King parent Restaurant Brands International buys Firehouse Subs for $1 billion”

“Burger King parent Restaurant Brands International announced Monday it bought Firehouse Subs for $1 billion. Shares of the restaurant conglomerate rose more than 1% on the news. The stock has fallen 4% this year, giving it a market value of $27.1 billion.… Continue Reading…