Wendy's Sees Strong International Growth Amid US Market Challenges in Q3

Hot off the grill, Wendy's released financial results from its third quarter of its fiscal year, showcasing a strong international performance despite challenges in the US market.

Interim CEO Ken Cook highlighted an 8.6% growth in systemwide sales internationally, bolstered by the addition of 54 new restaurants globally and improved adjusted EBITDA.

"Third quarter results were in line with our expectations, reflecting continued strength in our international business," Cook stated. In the U.S., operational initiatives led to a 4% outperformance in comparable sales at Company-operated...

Major Restaurant Chains Ramp Up Market Expansion

This week, big players in the foodservice industry, including Chipotle, TGI Fridays, and Qdoba, have unveiled ambitious expansion plans.

By stretching accessibility and strengthening their global presence, these companies are ramping up efforts to reach international markets.

First, Qdoba announced its largest development deal in its brand's history.

The company partnered with Barry Dubin of B Wild Investments in an agreement to develop 50 new QDOBA restaurants across the states of Alaska, Utah, Nevada, Colorado and New Mexico.

It also announced that B Wild Investments has signed...

Joey Chestnut Returns to Gobbling Beef Dogs Post Plant-Based Debacle as Prices Rise

Some people have heroes like Michael Jordan and Bo Jackson, for participants in the global food industry and for competitive eating fans, the master is none other than Joey “Jaws” Chestnut. Yet last year, the king of hot dog eating did not compete in the annual Nathan’s Hot Dog Eating Contest in Coney Island, NY on Independence Day due to a sponsorship conflict with Impossible Foods. 

Impossible Foods does have their hot dog made from soy protein isolate, wheat gluten, sunflower oil, coconut oil, among other ingredients...