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News on QSR Restaurants

Featured News on QSR Restaurants  

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Wendy's Q2 profit drops 32% on commodity costs, charges

Wendy's International, Inc., the third largest U.S. hamburger chain, said Tuesday after the markets closed that second quarter earnings fell from last year, hurt by declining sales and rising commodity costs as well as restructuring charges and expenses on a special committee formed a year ago to study strategic alternatives. The company's quarterly earnings per share, excluding items, also came in below analysts' expectations.

The Dublin, Ohio-based company reported net income for the second quarter of $19.9 million or $0.22 per share, compared to $29.2 million or $0.33 per share for the year-ago quarter.

Income from continuing operations for the second quarter was $19.9 million or $0.22 per share, compared to $29.3 million or $0.33 per share in the prior year quarter.
Wednesday, August 06, 2008RTT News

Are you New Zealand's best chip shop? Hurry: Deadline July 31

Chip shops across the country are being urged to get in quick to be crowned the nations best chippie, with registrations for the ‘That’s Life! Best Chip Shop Competition 2008’ due to close on 31 July.

Chairperson of the Chip Group, Glenda Gourley, said chip shops that would like to participate in the country’s only national chip shop competition, can register for free by visiting www.thechipgroup.co.nz

“This year, judges will be on the look out for shops that are working towards the recently launched ‘New Zealand Standards for Deep Fried Chips in Independent Fast Food Outlets’,” she said. [Read the Potato Pro on the NZ standards for frying french fries]

“The Standards include: using thick, straight-cut chips, which absorb less fat than crinkle-cuts or shoestrings; cooking at 175 -180°C and, draining the cooked chips correctly – commonly referred to as the ‘shake, bang and hang’ method.”

As part of registration, competing shops are sent a poster of the Standards which must be on display throughout the Competition.

“Public text voting for the country’s only national chip shop competition will open on 1 August,” Glenda said.

“The top 15 highest voted shops from each region that also pass the judging criteria, which includes a National Heart Foundation-approved fat analysis test will be announced as regional finalists.”

The highest scoring shop in each region will be announced a regional winner, and the highest scoring chippie overall will be awarded the grand national prize.

Glenda said while the official cut off date for registrations is 31 July, the organizers will continue to accept late entries during the voting period.

The ‘That’s Life! Best Chip Shop Competition 2008’ is the country’s only national chip shop competition and this year is supported by: That’s Life!, ‘Goodman Fielder’, ‘Huhtamaki’, ‘Bakels’, ‘Burns & Ferrall’, Food2Go Magazine, McCain Foods (NZ) Ltd, ‘Moffat’, ‘Mr Chips’, ‘Horticulture New Zealand’, ‘Premo Filtration’, Southern Hospitality, ‘Kauri’, ‘Alfa One’, ‘Eurotech’ ‘Burns & Ferrall’, ‘Groenz’ and, ‘The Heart Foundation’.

Monday, July 28, 2008Scoop
 
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News on QSR Restaurants
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Companies in Item
8/30/2008Sr. Patata: Un fast food diferente en EspañaSpainSpanish
8/27/2008La crisis económica sienta bien a las hamburguesas-Burger King; McDonaldsSpanish
8/23/2008La franquicia Burger King consigue sacar partido a la crisisSpainBurger KingSpanish
8/22/2008Burger King: Spätes Echo aus der SchweizSwitzerlandBurger KingGerman
8/16/2008Zorba, la patata diseñada en Alava que emplea Mc Donald's en sus restaurantes europeosSpainMcDonaldsSpanish
8/14/2008Big Mac si, pero sin ’grasas trans’United StatesBurger King; McDonalds; KFCSpanish
8/14/2008Burger King corp. abre su restaurante numero 1.000 en la region de Latino America y el CaribeAmericasBurger KingSpanish
8/14/2008Pizza Hut and KFC sniffing around fast-food free NepalNepalKFC; McDonaldsEnglish
8/14/2008Council of Better Business Bureaus reviews Wendy's advertising claimsUnited StatesMcDonalds; WendysEnglish
8/13/2008Wendy's ranking slides to No. 4United StatesEnglish
8/12/2008McDonald’s aprovecha el tiron de la comida rapida para expandirse en AsiaChinaMcDonaldsSpanish
8/12/2008Commodity costs cut into Wendy's profitUnited StatesWendysEnglish
8/7/2008Restaurantes de comida rapida en Mexico eliminan grasas pero suben costosMexicoBurger KingSpanish
8/6/2008Wendy's Q2 profit drops 32% on commodity costs, charges United StatesWendysEnglish
8/4/2008Restaurants Spurn Food Contracts For Spot Market-English
8/4/2008McDonald's thriving in Europe as it tailors to regional tastesEuropeMcDonaldsEnglish
8/1/2008Chinese Cooking Contest encourages dishes made with US frozen potato productsChinaUnited States Potato Board (USPB)English
7/30/2008Aumenta consumo de comida rapidaUnited StatesBurger King; McDonaldsSpanish
7/30/2008Manila Police To Run Cars On Used McDonald's Cooking OilPhilippinesMcDonaldsEnglish
7/30/2008The Burger King brand enters SurinameSurinameBurger KingEnglish
7/28/2008Are you New Zealand's best chip shop? Hurry: Deadline July 31New ZealandThe Chip GroupEnglish
7/25/2008Schwarzenegger signs California trans fat banUnited StatesBurger King; McDonalds; WendysEnglish
7/25/2008David Karam to succeed Kerii Anderson as chief of Wendy's after purchase by TriarcUnited StatesArbys (Triarc); WendysEnglish
7/25/2008Wendy's post-merger management team unveiledUnited StatesArbys (Triarc)English
7/25/2008Increased Food Prices Mean Changes Are on the Horizon for McDonald's Dollar MenuUnited StatesMcDonaldsEnglish
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