Competitor News

There was the minimum wage push earlier this year and Starbucks agreed to increase the hourly wages it pays its baristas, now word is that some of the Starbucks counter help are angling for a meeting with CEO Howard Schultz to address what they are calling “scheduling unfairness”.   You will recall that the notion of…

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Competitor News

There was certainly much news afoot this week relating other QSRs.  First, we were indeed saddened to learn of the passing of Subway founder and CEO Fred Deluca.  Although we never met, word is that he was a wonderful human being.  Our sympathies go to his family and the Subway community.  Our sympathies should also…

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Competitor News

Caribou Coffee is being co-branded with Einstein Bros. Bagles beginning with the opening of a new co-branded store in Colorado Springs on Wednesday.  Both entities are owned by private-equity firm Joh. A. Benckiser Group.  The German conglomerate plans to open 20 of the newly co-branded stores this year split with half being conversions and the…

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Competitor News

All-day breakfasts seem to be commanding much attention in the past few weeks.  Our Restaurant Analyst John Gordon reports that McDonald’s committed to a national US “breakfast all day” rollout later this year after testing it in the 94 unit San Diego DMA in mid-April.  They expanded the test to the 132 unit Nashville DMA…

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Competitor News

When it rains, it pours!  McDonalds Corp, still reeling from a spate of bad news over the course of the past year or so, formally apologized this week for copying an advertising concept launched by a freelance writer and photographer.   The ad series, which is comprised of a series of engagement photos between a man…

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McDonald’s Project Net Decrease

Countering years of positive growth in their US store count, McDonald’s Corp confirmed this week that they project to close more stores than they’ll open in 2015.  The Golden Arches, which has been going through very rough waters over the past few years projected that they will close 184 US stores this year and only…

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Competitor News

Burger King/Tim Hortons Q2 earnings call was held at the beginning of this week.  Tim’s US reported same store sales of +7% in the recently ended Quarter 2. Check and transactions were not revealed. The 7% is a very good number as it compares to a 6% they recorded last year.  On the flip side…

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Competitor News

Out of the Chicago area, we took note of the recent news report that despite closing a host of stores in the greater Chicago area during the Great Recession, Krispy Kreme is looking to expand again in the area.  The Winston-Salem (NC) based company has signed a deal to open eight locations in Chicago and…

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Competitor News

If this keeps up much longer, I’m going to have to give McDonalds their own regular paragraph in SRNS, but we noted last week that the Golden Arches announced they will be reducing the number of US stores, the first time the company has done so since at least 1970.  The reduction is the latest…

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When It Rains, It Pours

Problems for McDonald’s just seem to continue as the regular franchisees survey came out last week – and franchisees for the golden arches are still quite unhappy with the brand.  Same store sales dropped again for the company in the latest quarterly report and franchisee outlook is the lowest it has been in the eleven…

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