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Log In / Register | Apr 18, 2014

McDonald’s April Sales Slump as Burger King’s Rises

OAK BROOK, Ill. — McDonald's Corporation (NYSE:MCD) announced on Tuesday that same store sales growth for company and franchised stores open for at least 13 months in the United States missed estimates. Same store sales were up 3.3 percent, down from analysts more lofty expectation of 5.

McDonald’s Skinner Leaves, Thompson Leads

McDonald's new CEO Don Thompson
McDonald's new CEO Don Thompson. photo/MCD

CHICAGO — McDonald's Corporation (NYSE: MCD) announced Wednesday that vice chairman and chief executive officer Jim Skinner, age 67, has informed the board of directors of his decision to retire effective June 30, 2012, after 41 years with the company.

Sbarro Emerges from Chapter 11

Mama Sbarro, Theater District, New York City
Time's Square Mama Sbarro's, New York City. photo/Vincent Disjardins

MELVILLE, N.Y. — Franchisor Sbarro, Inc and its domestic subsidiaries announced late Monday afternoon that it has successfully emerged from Chapter 11 with a reduction in debt, an infusion of $35 million in capital and a plan of reorganization.

Analysis Gives Grim Outlook for Yum Franchisees

Goldman Sachs chart of Yum franchises declining
Yum U.S. franchise closures accelerate, Chart: Goldman Sachs, Yum data

NEW YORK – Goldman Sachs, hired as a financial advisor by Yum Brands, Inc. (NYSE: YUM), released an in-depth analysis of the fast food chain’s prospects in the developed world. And it isn’t pretty.

Quiznos CEO Steps Out, MacDonald In

DENVER — Quiznos officially announced today that Rick Schaden is stepping down as CEO to pursue new entrepreneurial and philanthropic endeavors.

Quiznos Settlement Finalized, among Highest Penalties in Franchise History

CHICAGO —Quiznos encountered a franchisee revolt so vast that it has been forced to settle, following years of litigation brought by literally thousands of its franchise owner-operators.