Popular Articles

Zaxby's franchise review: chicken competition and Goldman Sachs ownership

941 locations, $2.66M AUV, and Goldman Sachs pushing expansion. Can Zaxby's compete with Raising Cane's and Chick-fil-A in an overcrowded chicken segment?

Fat Brands Gets $184M DIP Financing as Court Ousts Wiederhorn Family: What the Management Purge and Bid Timeline Mean for 2,200 Franchise Locations

A bankruptcy court approved $184 million in debtor-in-possession financing for Fat Brands while simultaneously pushing out CEO Andy Wiederhorn and his three sons. With qualified bids due April 24 and an auction set for April 28, more than 2,200 franchise locations across 18 brands now face a compressed ownership transition timeline.

Chipotle's Record Expansion Meets Margin Pressure: Inside the Q4 2025 Results and What They Signal for Fast Casual

Chipotle opened a record 334 restaurants in 2025 and grew revenue 5.4% to $11.9B, but restaurant-level margins contracted to 23.4%. The fast-casual leader faces a new equation.

The NRA's $1.55 Trillion Forecast and the 42% Profitability Crisis: Inside the 2026 State of the Restaurant Industry Report

MTY renews its franchising push after strategic review

MTY plans fewer company-operated restaurants and a review of its brands.

Multi-Unit Franchise Operators: The Hidden Power Players Running QSR

Flynn Restaurant Group operates 2,600 locations. Sun Holdings runs 1,300. You've never heard of them, but they control more of QSR than most brands. Here's how the mega-operators are quietly taking over the industry.

Freddy's Frozen Custard Changes PE Hands: What Serial Buyouts Tell Us About QSR Franchise Valuations in 2026

The $700 million sale of Freddy's Frozen Custard from Thompson Street Capital to Rhône Group is the latest in a string of PE-to-PE restaurant deals. Here's what these transactions reveal about how private equity values QSR brands in 2026.

Fat Brands Sets April 3 Bid Deadline as 120+ Buyers Circle 18 Restaurant Chains

With a court-ordered sale process now live, more than 120 potential buyers are evaluating Fat Brands' 18 chains and 2,300-plus locations. CEO Andy Wiederhorn is out, the April 3 deadline is set, and franchisees are running out of runway to protect themselves.

The QSR IPO Pipeline: Who's Going Public Next

Cava's IPO tripled in value. Wingstop returned 20x. Portillo's struggled. Several major chains are eyeing public offerings: Panera (complicated by debt), Raising Cane's (no rush), and others. Here's the pipeline and what makes a successful QSR IPO.

Why QSR Brands Are Betting Big on Smaller Formats

Taco Bell Defy, Chipotle Digital Kitchens, McDonald's CosMc's, and Chick-fil-A drive-thru-only tests all point in the same direction: the 4,000 square foot QSR box is giving way to 1,200 to 2,000 square foot formats that cost less to build, staff, and operate.

Brinker International Raises FY2026 Guidance as Chili's Rewrites the Casual Dining Playbook

Brinker International lifted its fiscal 2026 revenue forecast to $5.76-$5.83 billion after Chili's posted its sixth consecutive quarter of double-digit same-store sales growth, outpacing the casual dining industry by hundreds of basis points while its fast-food rivals scrambled to respond.

Hunt Brothers, GoMart and Così outline three partner formats

Pizza inside stores, restaurant endcaps and licensed catering bring different operating arrangements.

Port of Subs Is Coming to Your City: The 450-Location Expansion That Could Reshape the Sandwich Wars

Port of Subs, a Nevada sandwich chain that's operated quietly in the West for five decades, has inked deals for more than 450 new locations nationwide. Backed by Area 15 Ventures and RE/MAX co-founder Dave Liniger, the brand is targeting markets where Subway is retreating and Jersey Mike's hasn't yet saturated the field.

Plant-Based Meat's Fall from Grace in Fast Food

U.S. plant-based meat sales have fallen 19% since 2023, Beyond Meat's stock collapsed below $1, and QSR chains are quietly pulling plant-based items from their menus. The once-booming alternative protein segment is in a full-blown retreat.

Wingstop's Growth Paradox: Record Unit Openings Meet the Brand's First Same-Store Sales Decline in 22 Years

Wingstop opened a record 493 net new restaurants in FY2025 while posting its first domestic same-store sales decline in 22 years. Is this a cyclical correction, or is the brand growing faster than its own unit economics can absorb?

Starbucks' 1,000-Store Makeover and the Death of Pickup-Only

Starbucks is overhauling at least 1,000 North American locations by year-end while phasing out the mobile-order pickup stores it championed just two years ago. The reversal offers a case study in unit economics, brand identity, and when the digital-first playbook breaks down.

The Ghost Kitchen Reckoning: How a $1 Trillion Fantasy Collapsed Into a Two-Player Market

The ghost kitchen industry that was supposed to be worth $1 trillion is now consolidating around two companies. Purpose-built facilities are closing. The model that's actually working looks nothing like what investors were promised.

Wendy's Project Fresh Hits a Wall: U.S. Same-Store Sales Drop 11.3% as the Turnaround Stalls

Wendy's reported an 11.3% decline in U.S. same-restaurant sales in Q4 2025, with global systemwide sales falling 8.3% to $3.4B. Digital grew 12.4%, but is it enough?