McDonald’s commits $8.5 billion to support franchisees in upgrading their operations
McDonald’s Unveils Growth Strategy at Investor Day On Wednesday, McDonald’s shared fresh updates regarding its long-term growth plan during an investor day event at its Chicago headquarters. The fast-food titan had first revealed its NEXT growth and productivity strategy back in June and has since detailed the adjustments it aims to make across its operations. […]
McDonald’s plans to reduce combo meal prices, even though it conflicts with franchisees about expenses.
McDonald’s is set to lower prices on its combo meals amid rising costs that have been challenging for restaurant operators. Many have expressed concern over maintaining menu affordability. The franchise in the U.S. has agreed to keep the prices of eight popular combos at under 15% of the total price of individual items, as per […]
Subway franchisees revolt over $6.99 footlong deal
Subway's sale of a foot-long sandwich for $6.99 is drawing backlash from the chain's largest franchise group, raising concerns that the discount could result in losses for cash-strapped restaurateurs, according to information obtained by The Washington Post. Subway announced the promotion on Friday, joining the fast-food value menu wars in an effort to win back […]
Subway calls ’emergency’ meeting with franchisees as sales plummet: sources
Subway has called a surprise meeting with franchisees of its 19,000 sandwich shops across North America, amid a backlog of declining sales and profits, The Washington Post has learned. Fast food giant It was sold in April to Roark Capital, owner of Dunkin’ Donuts, Arby’s and Cheesecake Factory, for $9 billion. — told franchisees it […]
The Troubling Future for Fast Food Franchisees
Fast food is an American innovation that has been around for over 80 years. Despite its enduring durability, the unit economics of fast food brands and franchises are reaching their limits. As my team and I grew Papa John’s to more than 5,000 locations around the world, I didn’t see Papa John’s as one large […]