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Q3 Results Drive Foodservice Headlines in First Half of November
Major industry players across the business captured attention in the first half of the month as foodservice providers released new insights from their quarterly reports.
Many restaurants are facing challenges in the third quarter as US consumers cut back on frequent dining. This compilation provides a thorough overview of key players' performance results and the latest in the most notable company news.
QSR's
McDonald's Q3, FY 2025
McDonald's reported a 3.6% increase in global same-store sales for the third quarter, surpassing analysts' expectations...
Yum! Brands CEO Set to Retire in 2026
Yum! Brands has announced that David Gibbs, the company’s current Chief Executive Officer, will retire after nearly four decades of service. Gibbs, who became CEO in January 2020, has informed the Board of Directors of his intention to retire in the first quarter of 2026.
In preparation for this transition, the Board has formed a succession planning committee tasked with identifying and appointing Gibbs’ successor. Gibbs will remain with the company throughout the search process and until his retirement.
Under Gibbs' leadership, Yum! Brands saw remarkable growth...
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