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Restaurant Traffic Stalls Then Drops

Empty line at a SaladWorks restaurant
Empty line at a SaladWorks franchise (photo/bmm)

After two consecutive quarters of flat-lined consumer visits, U.S. restaurants had a turn for the worse: a decline in traffic during the third quarter of 2016, according to a major foodservice researcher. And if that news wasn't bad enough, for the first time in five years the quick service restaurant sector had a decline in consumers.

McDonald's Chief Administrative Officer Retires

OAK BROOK, Ill.— McDonald’s Corporation (NYSE:MCD) announced Tuesday that its chief administrative officer, Pete Bensen, will retire on September 2, 2016. He has been with the firm for 20 years.

Restaurants Serve Cheaper Beef, Americans Are Loving It

Kentucky cow
Photo by D. Sniegowski

Burger and beef serving restaurants are discounting something fierce thanks to lower beef costs.

Restaurant Units Dip in America but Rise in Major Metros

New restaurant being constructed
New chain restaurant being constructed

CHICAGO—Total restaurant count in America has decreased by 0.6 percent from a year ago to 629,488 units, according to a count of U.S. commercial restaurant locations compiled by a major foodservice researcher.

FRANCHISEGRADE.COM 2016 QSR REPORT $50.1 BILLION INVESTED In QSR SECTOR SINCE 2010

The QSR franchise sector remains the most dominent component of the franchise industry

Can a Faster, More Upscale Pizza Hut Stop the Hemorrhaging?

Americans are buying pizzas like never before, but unfortunately, Yum Brands' Pizza Hut "is getting a shrinking slice of the pie." Its competitors Domino's, Papa Murphy's and Papa John's have been hungrily nibbling at its sales from two angles – mainly mobile and some fast-casual.

FRANCHISEGRADE.COM® PUBLISHES 2016 QSR Franchise Sector Report.

 Thirty Four Percent of all Franchise Outlets Reside in the QSR Sector.

Consumer Groups Hit McDonald’s with EU Antitrust Complaint

OAKBROOK, Illinois - A coalition of Italian consumer organizations, supported by the Service Employees International Union and European trade unions, announced yesterday it has lodged a formal antitrust complaint with the European Commission, alleging McDonald's abuses its dominant fast-food market position on the continent, distorting competition and harming both franchisees and consumers.

Jamba Forced to Downsize Credit, Uses Franchisee Ad Funds as Collateral

Jamba Juice Kaneohe, Oahu, HIEMERYVILLE, Calif.—On the last day of 2015, smoothie chain Jamba Inc. (NASDAQ:JMBA) announced it had filed a Form 8-K with the Securities & Exchange Commission, reporting that Wells Fargo has reduced the franchisor's revolving line of credit from $15 million down to $10 million.

Wendy’s CEO to Retire

Passing the leadership baton
Passing the baton; photo by TableAtny

DUBLIN, Ohio—The Wendy's Company (NASDAQ:WEN) announced that its president and chief executive officer Emil Brolick, age 67, will retire from management duties in May 2016. In accordance with the company's succession plan, Brolick will be succeeded by current chief financial officer Todd Penegor, age 50.