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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.

Zees Face Their Own Problems as McD Workers Press for Higher Minimum Pay

McDonald's Now Hiring. Photo by Blue MauMauWith demonstrations for higher worker wages heating up Wednesday at quick service restaurants across America and the world, attention is falling on the squeezed profit margins and weakened independence of McDonald's franchisees.

After Worst Drop since 2003, McDonald’s Vows to Change

photo by ps

OAK BROOK, Ill. – In the aftermath of what analysts are calling its worst drop in same-store sales in over a decade, McDonald's vows that it will change. McDonald's Corporation announced last Tuesday that its U.S. same-restaurant sales were down 3.3 percent for the third quarter of 2014.

McDonald’s Hit Hard in August, Down 3.7%

The wall of a McDonald's in Bronx
A McDonald's in northeastern U.S.| photo/ps

OAK BROOK, Ill. – McDonald's Corporation this morning announced that its U.S. same-restaurant sales decreased 2.8 percent in August, the fourth month of consecutive sales drops.

As McDonald's Sales Slide, Franchisees Seek Action

A red convertable at a McDonald's drive-thru
There's not only a missing customer, but drive-thru speed has slowed at McDonald's. Photo by Thomas Hawk

OAK BROOK, Ill. – McDonald's Corporation last week announced disappointing results for its first quarter ending March 31, 2014. McDonald's same restaurant sales in the United States decreased 1.7 percent.

Quote of the Year

“There are many franchisors who continue to be registered in California [with the state government, allowing them to sell  franchises] despite having pages of disclosures about concluded litigation holding them liable for fraud, embezzlement, fraudulent conversion, or misappropriation of property.”

McDonald’s July Sales Beat Flat Expectations

Golden Arches in New York City

OAK BROOK, Ill.—McDonald's Corporation on Thursday announced that U.S. comparable sales for stores opened at least 13 months were slightly better than the grim expectations.

McDonald's Healthy Items Fail Wall Street Expectations

McDonald's Corp.The good news this morning is McDonald’s stock rose four percent in its second-quarter earnings. The bad news is it fell short of Wall Street expectations.

Supersizing Better Burger Chains Today

Wimpy eyes some hamburgers, actually someone at Halloween impersonates Wimpy
A Wimpy costume at Halloween. photo by atxryan

Like J. Wellington Wimpy of Popeye fame, franchisors will gladly pay investors Tuesday for better burgers today. Private equity firms are stumbling over themselves to pour money into better burger chains.

Fatburger CEO Says Found Way around ObamaCare

West Coast-based Fatburger CEO Andy Wiederhorn, who went to prison in the mid-2000s for concealing massive loan losses and a Ponzi-like scheme with investment firm Capital Consultants, has just appeared on television's business station CNBC at 3:30 p.m. EST. Wiederhorn says his franchise owners have found a way around ObamaCare requirements.