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McDonald’s Missed Opportunity

McDonalds (NYSE:MCD) has been in the national press of late with a truck load of franchise owner problems. Many understand that McDonald's is partially a real estate story, which is one of the three primary revenue streams for McDonald's Corp.

Get off the Comp Number, Towards Better Restaurant Analysis

On July 25 2013, Starbucks (SBUX) delivered a Q3 double revenue and profit beat for the Street and stellar worldwide comparable sales (comps) of +8% (+9% in the US). Some analysts, were concerned about the SBUX Q4 forecast of the  5-7% range.

Is Noodles the New Chipotle?

In the first restaurant initial public offering of the year, Noodles (NDLS) raised almost $100M.

Limitations of EBITDA as a Meaningful Financial Metric

In the franchise finance world, the most discussed number is the EBITDA—EBBADABADOO as some call it. EBITDA is earnings before interest, taxes, depreciation and amortization.

2013 Restaurant Brand Standouts

A rising tide lifts all ships: Consumer discretionary stocks are doing well, leading the pack with the highest forward PEs in May, as FactSet reported last week. But for franchisees, the stock price is not the same as free cash flow in the pocket.

McDonald's Owner/Operators Temperature Check

Recently I gained additional perspective on the issues and discontent in the McDonald's U.S. owner/operator community.

Forty Six Million Reasons Why Restaurants Should Think Ahead

Note from John Gordon: Several 'fast casual' summits will be conducted this year, one this week before the NRA Show kicks off in Chicago. Steve Johnson, the Grocerant space expert, and I feel the future of food retail is not to look back and see what worked in the past, but to look forward, thinking carefully about the customer.

Restaurant Franchisor News from ICRX Investment Conference

Last week I attended the ICRXchange Investment Conference, where thirty restaurant chains presented. The following is some franchisor chain specific news.

What Restaurants Must Fix Operationally in 2013

Restaurant sector challenges of negative same store sales comparables, consumer unease, rising food commodity costs and some magnitude of increased heath care costs emanating from Obama Care appeared in 2012. The same issues will be present in 2013.

Burger King: More Ultra Low Promotions Underway

Restaurants will be struggling like never before to generate positive comparable sales this quarter.