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industry headlines

Sonic's Sales are Starting to Climb Back

2017-06-23 In the second quarter, Sonic Corp. reported same-store sales declines of 7.4 percent year-over-year.

Tim Hortons Franchisees File $500M Lawsuit Against RBI

2017-06-21 Restaurant Brands International Inc., the parent company of Burger King, could be facing a $500 million class-action lawsuit from a group of irate Tim...

No Soup for Anyone: Soupman Files for Bankruptcy

2017-06-14 The New York City food company made popular by the Seinfeld TV series has filed for bankruptcy protection.

Panera Bread's Digital Sales to Fly Past $1 Billion

2017-06-14 Just in case Panera Bread needed any justification for its headfirst dive into digital, the fast casual can now point to one very convincing factor.

Cicis' Revitalization Strategy is Paying Off

2017-06-13 Cicis has experienced consistent sales growth—including 16 consecutive quarters of same-store sales growth through Q1 of 2017—as a result of the compa...

Carrols Restaurant Group Buys 17 Burger Kings

2017-06-13 Carrols Restaurant Group, Inc. announced that on June 6, the company completed the acquisition of Republic Foods, Inc.

GPS Hospitality to Purchase 11 Popeyes in Georgia

2017-06-08 GPS Hospitality, a rapidly growing Burger King and Popeyes Louisiana Kitchen franchise, announced today that it is adding 11 Popeyes restaurants in it...

Report: Fast Casual Off to a Rough Start in 2017

2017-06-08 BDO’s latest edition of its restaurant industry benchmarking update, The Counter, showed a sluggish start to 2017.

Study: McDonald's Remains the World's Most Valuable Brand

2017-06-06 McDonald’s brand value is rising, and its hold on the top spot in BrandZ’s rankings shows no signs of slipping either.

Papa Murphy’s to Shutter Stores, Invest in Digital

2017-06-05 As part of a plan that will result in the refranchising of company-owned locations, Papa Murphy’s announced it will shutter up to 16 stores across sev...