QSR Magazine | Wendy’s: It’s Time to Compete with Fast Casuals

Wendy’s president and CEO Emil J. Brolick unveiled in the company’s fourth-quarter earnings call yesterday a new recipe to “take the brand where we need it to be,” and said reviving the iconic brand will require competing with upstart fast-casual brands.

While Wendy’s North American company-operated same-store sales increased 5.1 percent in the fourth quarter, Brolick said the company faces stiff headwinds from both convenience stores and what he called the “new [quick serves].”

He said restaurants such as Chipotle Mexican Grill, Five Guys Burgers and Fries, and Panera Bread have grown at a compounded rate of 6.7 percent over the past five years and, not including the breakfast daypart, “have gained virtually all the share, or accounted for all the growth” in the quick-serve segment during the last five years.

Read more: http://www.qsrmagazine.com/news/wendys-its-time-compete-fast-casuals
Re-posted by: Crosbie Real Estate Group
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QSR Magazine | The 100 Biggest Stories of 2011

The top headlines, trends, and buy-outs in the restaurant industry this year.

A KFC marketing campaign had Colonel Sanders delivering food to window washers.

1. Roark Capital Buys Arby’s

With concerns about the economy running high, restaurant industry mergers and acquisitions dipped noticeably.

None of 2011’s mergers came close in value to the previous year, when Burger King and CKE, parent of Carl’s Jr. and Hardee’s, were each sold for more than $1 billion. Instead, there were smaller deals and one big buyer, Roark Capital Group.

Read more:  http://www.qsrmagazine.com/growth/100-biggest-stories-2011
Reposted by: Crosbie Real Estate Group

PizzaMarketPlace.com | Pizza Patrón Expanding QSP Model

Burger joints, beware: A bullseye has been painted on your territory. The 100-unit Pizza Patrón is expanding its footprint in the quick-service segment, having recently signed a deal to open its fourth “QSP” (quick-service pizza) model in Houston in the spring.
Read More:  http://www.pizzamarketplace.com/article/179646/Pizza-Patr-n-expanding-QSP-model
Posted by: Crosbie Real Estate Group