Latest news with #ReclaimtheFlame
Yahoo
13-05-2025
- Business
- Yahoo
Burger King to remodel 400 of its US restaurants in 2025, hundreds more to come
Burger King sees its plan to remodel about 400 of its locations this year as a way to help it rule fast food. The fast food chain is in the midst of a multi-year plan to modernize its restaurants and has seen sales at remodeled locations increase in the mid-teens, said Joshua Kobza, CEO of Burger King's parent company Restaurant Brands International, during a May 8 earnings call, according to a transcript from S&P Global Market Intelligence. "We still have a lot of remodels to get done," he said. "We've got a lot of restaurants that aren't at the modern image." Starbucks: Coffee chain has new drinkware collection with FARM Rio: See Brazil-inspired designs Burger King is expected to complete about 2,000 remodels by 2028; at that point, more than 85% of the U.S. restaurants would reflect the new "Sizzle" modern image, which emphasizes digital ordering and drive-thru. That initiative is part of Burger King's "Reclaim the Flame" plan, announced in September 2022 to enhance and renovate its U.S. restaurants. The Miami-headquartered Restaurant Brands International (RBI) plans to spend up to $700 million through 2028 as part of its plan to revitalize Burger King. In addition to Burger King, RBI also owns Tim Hortons, Popeyes and Firehouse Subs. Restaurant updates have helped Burger King weather better than some of its competitors a fast-food industry sales slump in the three month-period ending March 31, company executives said. Burger King reported a 1.1% decrease in comparable sales in its U.S. restaurants for the period, outpacing McDonald's, which saw a 3.6% decrease. Wendy's reported a 2.6% decline for the quarter. "Burger King U.S. continued to outperform the broader burger QSR (quick service restaurant) category, reflecting the ongoing progress of our 'Reclaim the Flame' plan in capturing share," Kobza said. Still, there are some Burger King's restaurants struggling. Consolidated Burger Holdings of Destin, Florida, which operates 57 Burger King locations, filed for Chapter 11 bankruptcy on April 14 in the U.S. Bankruptcy Court for the Northern District of Florida, according to court documents. The restaurants will continue operating as the company seeks a potential buyer. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day. This article originally appeared on USA TODAY: Burger King remodeling 400 restaurants, with more to come by 2028
USA Today
13-05-2025
- Business
- USA Today
Burger King to remodel 400 of its US restaurants in 2025, hundreds more to come
Burger King to remodel 400 of its US restaurants in 2025, hundreds more to come Show Caption Hide Caption Burger King sued for fraud over Whopper ads Burger King is heading to federal court over allegations that it falsely advertised the size of its iconic Whopper sandwich. unbranded - Newsworthy Burger King sees its plan to remodel about 400 of its locations this year as a way to help it rule fast food. The fast food chain is in the midst of a multi-year plan to modernize its restaurants and has seen sales at remodeled locations increase in the mid-teens, said Joshua Kobza, CEO of Burger King's parent company Restaurant Brands International, during a May 8 earnings call, according to a transcript from S&P Global Market Intelligence. "We still have a lot of remodels to get done," he said. "We've got a lot of restaurants that aren't at the modern image." Starbucks: Coffee chain has new drinkware collection with FARM Rio: See Brazil-inspired designs Burger King is expected to complete about 2,000 remodels by 2028; at that point, more than 85% of the U.S. restaurants would reflect the new "Sizzle" modern image, which emphasizes digital ordering and drive-thru. That initiative is part of Burger King's "Reclaim the Flame" plan, announced in September 2022 to enhance and renovate its U.S. restaurants. The Miami-headquartered Restaurant Brands International (RBI) plans to spend up to $700 million through 2028 as part of its plan to revitalize Burger King. In addition to Burger King, RBI also owns Tim Hortons, Popeyes and Firehouse Subs. Restaurant updates have helped Burger King weather better than some of its competitors a fast-food industry sales slump in the three month-period ending March 31, company executives said. Burger King reported a 1.1% decrease in comparable sales in its U.S. restaurants for the period, outpacing McDonald's, which saw a 3.6% decrease. Wendy's reported a 2.6% decline for the quarter. "Burger King U.S. continued to outperform the broader burger QSR (quick service restaurant) category, reflecting the ongoing progress of our 'Reclaim the Flame' plan in capturing share," Kobza said. Still, there are some Burger King's restaurants struggling. Consolidated Burger Holdings of Destin, Florida, which operates 57 Burger King locations, filed for Chapter 11 bankruptcy on April 14 in the U.S. Bankruptcy Court for the Northern District of Florida, according to court documents. The restaurants will continue operating as the company seeks a potential buyer. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day.
Miami Herald
29-04-2025
- Business
- Miami Herald
McDonald's launches a bold new restaurant concept
A new trend has been blooming in the fast-food industry in recent years: high-concept restaurants and offshoots of household name brands. It's an interesting way to put a fresh spin on a brand that's been around forever, and it attracts new customers while keeping longtime customers coming back. Don't miss the move: Subscribe to TheStreet's free daily newsletter McDonald's did it in 2024 with its launch of CosMc, a new concept restaurant specifically built around drinks and snacks. Its menu features trendy options like an Iced Vanilla Matcha Latte and an Iced Tumeric Spiced Latte, appealing to the Starbucks fan at a slightly lower price point than the famous Seattle-based chain offers. Related: Burger King answers McDonald's new restaurant format move Burger King is making a similar move, but rather than building out a new offshoot, it's pouring money into its pre-existing locations as a part of a "Reclaim the Flame" investment program launched in Sept. 2022. One of those changes is the new "Sizzle" restaurant design, which boasts a clean, modern look that combines white walls with wood details and bold, bright orange art. But the real selling point is how the design, featuring both kiosk and in-store mobile order and pickup, made customers' experiences easier than ever. According to North American president Tom Curtis, these designs have been implemented "so the guest gets the same consistent experience every time they come to one of our restaurants." Now McDonald's is making another move to stay fresh in the competitive fast-food market, and it's unlike anything the chain has ever done. Image source: Landini Associates When you think about going to a McDonald's, you probably envision the locations near where you live, but McDonald's newest location looks nothing like the ones you know. The chain has launched its new "Mood Engine" concept restaurant at Admiralty Station in Hong Kong - its second-busiest location in the world - to celebrate the brand's 50th anniversary since it first appeared in Hong Kong. Designed by design and brand consultant agency Landini Associates, the new space boasts a 72-foot screen that uses lighting, color, and familiar McDonald's characters to shift the mood of the space as it transitions from daytime to night. Related: McDonald's is debuting a wild new sandwich "The Mood-Engine resonates to the energy required by the guests in the moment. Like a chameleon, it responds to its environment," said Mark Landini, the founder and creative director behind Landini Associates. "As customers rise from the station below, they're welcomed by a reflective double-canopy entrance - a contemporary homage to McDonald's original roofline and a nod to Ray Kroc's classic design," a press release on the redesign reads. "Now framed by glowing feature walls in McDonald's signature yellow, aimed at creating an unmissable beacon - just like the earliest restaurants once were." Admiralty Station is not the only McDonald's to get a makeover, as the brand has continuously explored ways to modernize its interiors. Another fascinating experiment for the brand started in 2024, when a pilot program launched in Belgium and France to envision a new look for McDonald's. This one was helmed by Antwerp-based studio WeWantMore and implements options like energy-efficient LED tubes, stools and chairs made from 100% recycled content, and the use of vivid primary colors like blue, yellow, and red. While the new designs certainly have an eco-friendly focus, McDonald's says it didn't feel the need to advertise that fact. "We didn't want to do any flag-waving," says Silke Korporal, head of global design at McDonald's, "so we didn't advertise a sustainable decor inside the design. We just wanted it to be." Related: Forget Minecraft: McDonald's menu adds healthy new burger The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
17-04-2025
- Business
- Yahoo
Burger King franchisee with dozens of Florida locations files for bankruptcy. Are they closing?
A Destin-based Burger King franchisee with 57 Florida and Georgia locations has filed for bankruptcy. Consolidated Burger Holdings filed for Chapter 11 bankruptcy on April 14 in the U.S. Bankruptcy Court for the Northern District of Florida, according to court documents, pleading financial struggles from inflation and the pandemic. The company has restaurants in Tallahassee, West Palm Beach and Naples, and more in Georgia. "Over the past several years, and particularly as a result of the COVID-19 pandemic, the Debtors' business suffered significantly from loss of foot traffic, resulting in declining revenue without proportionate decreases in rental obligations, debt service, and other liabilities," Consolidated Burger says in the filing, which also shows declining sales and increased losses over the last two fiscal years. Consolidated Burger has spent millions of dollars on upgrades, improvements and remodels since acquiring its stores in 2018, according to Restaurant Dive, including new HVAC systems, roofs, parking lots and parking lot lighting upgrades. Burger King's Parent company Restaurant Brands has said it planned to spend about $2.2 billion in its "Reclaim the Flame" plan to revitalize its Burger King restaurants, CNBC reported. An expected 85% to 90% of the 7,000 Burger King restaurants in the U.S. will get the redesign by 2028, according to CNBC. However, Burger King closed nearly 400 stores in 2023 and several large Burger King franchises have already filed for bankruptcy, the "Today" show reported. Many other restaurant chains such as Red Lobster, Hooters, Tijuana Flats, Appleby's, Cracker Barrel, and the parent company of Outback Steakhouse, Bonefish Grill, Carrabba's Italian Grill and Fleming's Prime Steakhouse & Wine Bar, also took a hit during the pandemic and the recent rise in food costs. Consolidated Burger, which listed assets and liabilities each amounting to about $78 million, plans to continue operating its restaurants during the bankruptcy process, but is seeking to sell the company and its assets, the company says in the filing. Consolidated Burger had been seeking a buyer during the seven months prior to the bankruptcy filing. The bankruptcy filing was the largest among Burger King franchise operators in recent years, according to which covers the quick-service restaurant industry. The bankruptcy filing covers Consolidated Burger Holdings LLC, Consolidated Burger A, LLC and Consolidated Burger A, LLC, and in a first-day filing Joseph J. Luzinski, chief restructuring officer, stated that they operate 57 locations, informally grouped into Tallahassee and Southern Georgia, South Florida and the Florida panhandle, with more scattered in other cities. Consolidated Burger Holdings lists 58 locations in Florida alone, with more in Georgia. It is unclear which locations would be affected. The website lists the following: Apalachicola: 421 US-98 Atlantis: 6080 S. Congress Ave. Blountstown: 20407 W. Central Ave. Boca Raton: 175 N. Federal Highway 8175 Glades Road Bonifay: 2024 S. Waukesha St. Boynton Beach: 1521 Boynton Beach Blvd. 1500 SW Eighth St. Chipley: 1698 Main St. Crawfordville: 2185 Crawfordville Highway Crestview: 3210 S Ferdon Blvd. Defuniak Springs: 1303 S. Freeport Road Delray Beach: 1820 S. Federal Highway Destin: 751 US-98 Fort Walton Beach: 201 Mary Esther Cut Off NW 302 Racetrack Road NE Greenacres: 6405 Lantana Road 6495 Lake Worth Road Havana: 703 N. Main St. Lake Park: 9031 Old Dixie Highway Lake Worth Beach: 231 N Dixie Highway 3796 S. Congress Ave. Marianna: 2247 FL-71 4691 US-90 Naples: 2427 Tarpon Bay Blvd. 6650 Collier Blvd. Navarre: 8590 Navarre Parkway Niceville: 297 E John Sims Parkway Panama City: 109 N Tyndall Parkway 1396 W. 15th S. 3218 E. Highway 98 Panama City Beach: 11213 Front Beach Road 17112 Back Beach Road 7100 Coastal Palms Blvd. Port St Joe: 601 Monument Ave. Port St. Lucie: 10855 S U.S. Highway 1 Quincy: District 90, Historic District, 1951 W. Jefferson St. Santa Rosa Beach: 3580 US-98 Shalimar: 1281 Eglin Parkway Tallahassee: 1060 W Tennessee St. 1301 E. Park Ave. 2626 S. Monroe St. 3102 N. Monroe St. 3107 Mahan Drive 3570 Apalachee Parkway 4400 W. Tennessee St. 5020 Capital Circle SW 5500 Thomasville Road West Palm Beach: 815 S. Congress Ave. 1210 N. Dixie Highway 1721 Belvedere Road 1760 S. Military Trail 4175 Okeechobee Blvd. 5501 Corporate Way 6903 Okeechobee Blvd. Wewahitchka: 542 FL-71 This article originally appeared on Tallahassee Democrat: Florida Burger King bankruptcy: Franchisee files Chapter 11
USA Today
16-04-2025
- Business
- USA Today
Burger King franchisee with 57 locations in Florida and Georgia files for bankruptcy
Burger King franchisee with 57 locations in Florida and Georgia files for bankruptcy Show Caption Hide Caption US corporate bankruptcies hit highest level since Great Recession The first three months of 2025 saw the highest number of companies filing for bankruptcy in the U.S. since 2010. Straight Arrow News A Burger King franchisee with more than four dozen restaurants across Florida and Georgia has filed for bankruptcy. Consolidated Burger Holdings of Destin, Florida, which operates 57 Burger King locations, filed for Chapter 11 bankruptcy on April 14 in the U.S. Bankruptcy Court for the Northern District of Florida, according to court documents. Consolidated Burger Holdings' 57 restaurants include locations in Valdosta, Georgia, as well as Florida restaurants in Tallahassee, West Palm Beach and Naples – four of its restaurants are within Walmart stores. The franchisee has faced financial struggles. "Over the past several years, and particularly as a result of the COVID-19 pandemic, the Debtors' business suffered significantly from loss of foot traffic, resulting in declining revenue without proportionate decreases in rental obligations, debt service, and other liabilities," Consolidated Burger says in the filing. Sales have declined and losses have increased over the last two fiscal years, they state in court documents. Consolidated Burger had sales of $67 million and an operating loss of $12.5 million in fiscal year 2024; the previous year: $76.6 million in sales and a net operating loss of $6.3 million. "The Debtors have faced significant hurdles resulting from industry headwinds which, combined with the Debtors' highly leveraged balance sheet, have significantly challenged the Debtors' business and depleted their liquidity," Consolidated Burger says in court documents. Is Consolidated Burger closing its Burger King locations? Consolidated Burger, which listed assets and liabilities each amounting to about $78 million, plans to continue operating its restaurants during the bankruptcy process, but is seeking to sell the company and its assets, the company says in the filing. Consolidated Burger had been seeking a buyer during the seven months prior to the bankruptcy filing. McDonald's: When are Snack Wraps coming back? Fast-food chain drops new clue. The bankruptcy filing was the largest among Burger King franchise operators in recent years, according to which covers the quick-service restaurant industry. Who is Burger King's parent company? In 2024, Burger King spent about $1 billion to acquire Carrols, its largest franchisee, as part of a brand turnaround, and has been remodeling some restaurants with a new "Sizzle" look including indoor-ordering kiosks and more comfortable seating, NBC News reported. Parent company Restaurant Brands has said it planned to spend about $2.2 billion in its "Reclaim the Flame" plan to revitalize its Burger King restaurants, CNBC reported. An expected 85% to 90% of the 7,000 Burger King restaurants in the U.S. will get the redesign by 2028, according to CNBC. In 2024, Restaurant Brands, which also owns Tim Hortons, Popeyes and Firehouse Subs, reported $8.4 billion in revenue, an increase of 19.7%. Mike Snider is a reporter on USA TODAY's Trending team. You can follow him on Threads, Bluesky, X and email him at mikegsnider & @ & @mikesnider & msnider@ What's everyone talking about? Sign up for our trending newsletter to get the latest news of the day.
