Firehouse Subs

Financing

Burger King's sales accelerated last quarter

The fast-food chain’s same-store sales rose 3.2% last quarter despite a tough market for the quick-service sector. Firehouse Subs and Tim Hortons also saw improved sales, but Popeyes lagged.

Financing

Burger King looks for a fix in China

The fast-food chain’s parent company, Restaurant Brands International, wants to get to 5% unit growth for its concepts by 2028. To do that, it must get its flagship chain on track in the world’s biggest growth market.

The sandwich chain inked a deal for 100 restaurants in Monterrey and other major cities over the next five years, as the company ramps up international development.

The Mexican chain’s same-store sales rose 4% last quarter. But a host of other brands reported falling sales amid a difficult environment.

Sales were positive at Restaurant Brands International concepts, including Tim Hortons, Popeyes and Firehouse Subs. At Burger King, operator profitability increased 46%.

The sub chain opened its first location outside of North America, in Zurich. And it has a development deal in Mexico, making the chain’s first major forays into international markets under Restaurant Brands International.

A Deeper Dive: The sandwich chain’s top executive joins the podcast to discuss his views of the brand and strategies for its upcoming expansion. And he talks about why Tim Hortons is so popular in Canada.

Technomic's Take: The outgoing chief executive of Firehouse Subs had an impact with his data-driven leadership and his willingness to be a mentor.

In a Facebook post, the longtime chief executive of the sandwich chain said COO Mike Hancock will take over day-to-day operations. Fox will remain Firehouse’s chairman.

Patrick Doyle, and now new CEO Josh Kobza, take the helm at the owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs with a mandate: Speed the company's growth.

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