PYMNTS-MonitorEdge-May-2024

QSRs

Yum Brands Q1 Earnings Show Digital Sales Surge Amid Broader Challenges
Yum Brands Q1 Earnings Show Digital Sales Surge Amid Broader Challenges
May 01, 2024  |  Earnings

Yum Brands, the company behind Pizza Hut, KFC and Taco Bell, reported mixed results in its Q1 earnings announcement Wednesday (May 1) with challenges evident...

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Chili’s Beefs up Advertising as Fast Food Frustrates Diners
Chili’s Beefs up Advertising as Fast Food Frustrates Diners
April 30, 2024  |  Earnings

Casual dining company Brinker International wants to capitalize on diner discontent with fast food prices. The company — owner of Chili’s and Maggiano’s — released earnings Tuesday (April 30) showing a...

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Domino’s Captures Larger Slice of Revenue With Rewards Program
Domino’s Captures Larger Slice of Revenue With Rewards Program
April 29, 2024  |  Loyalty & Rewards

Domino’s said its decision to relaunch its rewards program last year is paying off. The quick-service pizza chain released quarterly earnings results Monday (April 29) showing a 5.6% increase in...

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Self-Service Confronts Big Issues to Meet Consumer Demand
Self-Service Confronts Big Issues to Meet Consumer Demand
April 12, 2024  |  Retail

Across restaurants, grocers and nongrocery retailers, self-service is gaining ground, and merchants are making smarter choices about how they apply it. Take the restaurant industry,...

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Starbucks Renovations Include Quieter Stores, More Drive-Thrus
Starbucks Renovations Include Quieter Stores, More Drive-Thrus
April 10, 2024  |  Retail

Starbucks is rolling out new store design features as it adds locations and renovates existing ones. During the current fiscal year that ends in October, the...

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Restaurant365 Acquires Restaurant Training Platform ExpandShare
Restaurant365 Acquires Restaurant Training Platform ExpandShare
April 09, 2024  |  Acquisitions

Restaurant management platform Restaurant365 finalized its acquisition of ExpandShare. The deal gives the company access to a learning management system designed to help restaurants deliver and track training content, according...

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Yum Brands Doubles Tech Spending, Expands Use of Generative AI
Yum Brands Doubles Tech Spending, Expands Use of Generative AI
April 01, 2024  |  ResTech

Fast food company Yum Brands aims to deploy artificial intelligence (AI) across the operations of its restaurants. The parent company of Taco Bell, Pizza Hut,...

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Fast Food Price Hikes See Lower-Income Diners Cutting Back
Fast Food Price Hikes See Lower-Income Diners Cutting Back
March 27, 2024  |  Economy

Rising prices at fast food eateries and other restaurants reportedly have lower-income diners pulling back. Around a quarter of low-income consumers — those who make under $50,000...

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Wendy’s Insists It Has No Plans to Test Surge Pricing
Wendy’s Insists It Has No Plans to Test Surge Pricing
February 28, 2024  |  Retail

Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test...

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