McDonald’s sales took a hit last quarter. The fast-food giant’s U.S. same-store sales declined 0.7% in the second quarter, its first quarterly decline in four years.
The parent company of Newk’s is shopping for a sibling brand. FSC Franchise Co., the parent of Beef O Brady’s and The Brass Tap, which quietly bought Newk’s last year, is hoping to expand its portfolio with at least one more brand.
IHOP launched its signature all-you-can-eat pancake deal, which will run through mid-September. Typically, this promotion runs at the beginning of the year, when consumers are reining in their spending after the holidays, but because of current macroeconomic trends and industry wide traffic slowdowns, the family dining chain moved it to coincide with back-to-school season.
BJ’s Restaurants Inc. continues to roll out an enhanced service model to its casual-dining outlets, with further training for hourly workers slated for the upcoming quarters, executives said.
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