Latest news with #RestaurantExpansion
Yahoo
a day ago
- Business
- Yahoo
The Wendy's Company (WEN) Releases Unaudited Results for Q2 2025
The Wendy's Company (NASDAQ:WEN) is one of the Reddit Stocks with the Highest Upside Potential. On August 8, the company released its unaudited results for Q2 2025, with international systemwide sales increasing 8.7% amidst growth throughout regions. In the quarter, the company expanded its global footprint, adding 44 new restaurants and bringing its total additions to 118 in H1 2025. In Q2 2025, The Wendy's Company (NASDAQ:WEN)'s operating profit came in at $104.3 million compared to $99.5 million in Q2 2024, reflecting a growth of 4.8% YoY. A closeup of a juicy hamburger sandwich with tomatoes and lettuce, on a sesame bun. Notably, the improvement in operating profit was mainly because of a decline in The Wendy's Company (NASDAQ:WEN)'s investment in advertising spend, reduced reorganization and realignment costs, as well as lower general and administrative expenses. These were partially mitigated by a decline in franchise royalty revenue and a reduction in US Company-operated restaurant margin. For FY 2025, the company expects global net unit growth of 2% – 3%, and capital expenditures and franchise development fund investments in the range of $165 million – $175 million. While we acknowledge the potential of WEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
06-08-2025
- Business
- Forbes
JKS Restaurants, Famed London Hospitality Group, Expands Stateside
Some of London's most acclaimed Indian food is making its way across the pond. JKS Restaurants announced on Wednesday, August 6 that the group will expand overseas with new outposts of two beloved Britain-born Indian concepts in New York and Las Vegas. This fall, The Ambassadors Clubhouse will open at the new A24 headquarters near Madison Square Park in New York City. Later this year, Gymkhana is set to open at the Aria Resort and Casino in Las Vegas Founded in 2008 by siblings Jyotin, Karam, and Sunaina Sethi, JKS operates 35 restaurants internationally — including Gymkhana, Ambassadors Clubhouse, Trishna, Brigadiers, Sabor, Kitchen Table, BiBi, Berenjak, Hoppers and Speedboat Bar. These projects will be their first in North America. 'We have had our sights set on the U.S. for the last ten years, wanting to make our entry with the right brands, in the right cities, at the right moment. Ambassadors Clubhouse and Gymkhana are expressions of who we are and we are excited to connect with a new community of guests," said Karam Sethi comments. "We join the market at a time when the interest in Indian cuisine and culture is growing rapidly, and we look forward to contributing to this momentum by raising greater awareness of regional Indian cuisine.' Once both restaurants are up and running, JKS also plans to launch Gymkhana Fine Foods, a premium range of at-home Indian cooking sauces and marinades, in the U.S. Here's what to expect from JKS' duo of new restaurants opening on each coast: Ambassadors Clubhouse New York Named in honor of the Sethi sibling's grandfather, a former Indian Ambassador, the interiors at Ambassadors Clubhouse will be inspired by his summer house in Dalhousie and the abandoned party mansions of Northern India. Details including carpet patterns, ceiling features, marquetry and inlay details will pay homage to the Ambassador's seasonal residence, aslong with original artwork from Punjabi artists. Punjabi music will play in the dining room for a lively atmosphere while guests enjoy the splendor of a bygone era in Punjab's opulent royal kitchens. To drink, the cocktail program will focus on tequila and mezcal blended with regional ingredients; large-format cocktails designed for tables to share, playful shots, and interactive service. The original Ambassadors Clubhouse opened in Mayfair, London in 2024 at 25 Heddon St. New York's Ambassadors Clubhouse is slated for fall 2025 at 1245 Broadway in Manhattan. Gymkhana Las Vegas This winter, Gymkhana will open at ARIA Resort and Casino in Las Vegas. Currently the only classic Indian restaurant worldwide to hold two Michelin stars, Gymkhana is known of London's most sought-after dining destinations, by culinary enthusiasts and celebrities including the likes of Dua Lipa and David Beckham. Inspired by private clubs in India, Gymkhana Las Vegas plans to offer another level of exclusivity to the Strip. The Las Vegas menu will feature many of Gymkhana London's signature Indian dishes, broadly focusing on tandoori-grilled specialties, classic curries, fragrant biryanis and chaat-style sharing plates. New dishes exclusive to the Las Vegas location will also be offered. The bar will feature Indian-inspired cocktails, including regional punches served tableside, and an extensive gin and tonic selection. "The culinary landscape of Las Vegas is constantly evolving and with that, MGM Resorts is primed to change and adapt through a forward-thinking lens," said MGM Resorts Chief Content, Hospitality and Development Officer Ari Kastrati. 'We have witnessed Indian cuisine continue to grow in popularity in the United States and as hospitality leaders, along with the JKS family, felt now is the right time to bring Gymkhana to ARIA. We have incredible respect for the brand's culinary excellence and feel the restaurant will perfectly collide with the fun lifestyle experience the Las Vegas guest knows and loves.'
The Sun
30-07-2025
- Business
- The Sun
Massive fast food chain that rivals Taco Bell & Wahaca is opening 100 restaurants in UK
A MEXICAN-inspired fast food chain is set to open 100 restaurants across the UK in the next few years. Popular Aussie franchise Zambrero entered the UK market in 2021 with a London site, quickly expanding to 12 more across England. 2 Zambrero - known for its customisable burritos and bowls - runs over 300 restaurants in Australia, New Zealand, the US, Ireland and England. While it boasts the title of the largest Mexican restaurant franchise in Ireland, Zambrero is yet to make its mark across the rest of the UK. The chain currently has 13 restaurants around London, Manchester, Birmingham, Reading and Essex. But within the next 12 months, Zambrero plans to open an undisclosed number of other sites - including its first branch in Scotland. By 2030, the chain aims to reach its target of 100 restaurants in the UK, which is expected to create 1,500 jobs. This move is part of the business' renewed expansion drive, which includes the signing of its first three franchise partners. Emily Teh, CEO of Zambrero UK, told The Caterer: 'We've had a lot of interest in the brand during the last couple of years – and now is the right time for us to expand through our franchise partners and work towards opening 100 restaurants by 2030." She added the business is on the lookout for more area developers and franchise partners to support its expansion goals. Zambrero was founded by Aussie philanthropist Dr Sam Prince, who opened the first restaurant in 2005 as a 21-year-old medical student with less than £12,000 in savings, according to the chain's website. The fast food chain has a "Plate 4 Plate" initiative, whereby a meal is donated to someone in need for every burrito or bowl bought. Zambrero has so far donated over 93 million meals - a sum expected to reach 100 million later this year. It comes as the business secured a £141m investment from Metric Capital Partners in February 2023. Meanwhile, Slim Chickens, a major American fast food chain, recently opened four new restaurant sites in the UK. The US franchise started in the Deep South in 2003 and expanded to the UK in 2020. The business announced plans to open 16 more UK sites over the next year in February. The first Slim Chickens site opened on June 26 on 39-40 Wind Street in Swansea. The second branch opened in Ealing, West London, on July 2, followed by a branch in Walton on July 10. The fourth opened in Birmingham 's Utilita Arena on July 24. 2
Yahoo
17-07-2025
- Business
- Yahoo
Burger business born out of back garden barbecue nominated for award
A Herefordshire-born business that's gone from strength to strength with a raft of restaurants across the country has been nominated for a Hereford Times Community Award. The Beefy Boys has been nominated for the Business of the Year award for 2025. In the nomination, it was said that the company is dedicated to promoting the county, and its produce, getting involved as many local events as possible. The Beefy Boys was born out of a back garden barbecue in 2011, going on to open a pop-up restaurant and claiming top spot in the final round of the World Burger Championships in Las Vegas with their 'Butty Back' creation in 2014. Read more: Family pays tribute to 'beloved' motorcyclist who died in A-road crash Indian restaurant loses licence after immigration raid Mum's 'Wonderwall moment' after winning Oasis tickets in raffle In 2015, the team opened their first permanent restaurant in Hereford's Old Market, then went on to expand into Shrewsbury, Bath, Cheltenham, and most recently, Oxford, in later years. In 2020, its Hereford restaurant doubled in size when the business took over the former Frankie and Benny's restaurant to allow for better social distancing measures during the pandemic. However, five years on, the larger restaurant remains, providing further seating and an extra upstairs area for diners. If you wish to nominate someone for any of the HT awards, all you need to do is click here.
