"Even tomatoes need a vacation ... we are unable to add tomatoes to our food," read notices pasted at two Burger King India outlets. The chain has cited quality issues in explaining the shortfall
The restaurant chain's consolidated net loss widened to Rs 50.48 crore ($6.1 million) for the quarter ended June 30, from Rs 47.5 crore a year ago, according to an exchange filing
ON THE MENU: While Westlife remains an outlier, valuations for most players on the higher side
Hindustan Unilever, Burger King share laurels in third edition of Kantar's creative effectiveness awards
Investment banking firm Kennis Ventures Private Limited, lists out the top organised players in the burger industry, primarily focused on selling burgers to Indian consumers
As of March 31, Burger King and its sub-brand BK Cafe together had a total of 391 restaurants in the country. BK Cafe is engaged in the business of serving coffee and beverages to its customers
M&As pick up pace in Indian QSR industry amid sharp recovery in revenues
Everstone Capital, through its investment vehicle QSR Asia Pte Ltd, held a 40.9 per cent stake in Restaurant Brands as of March 31, according to Refinitiv data
Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia
The report added that companies have ramped up store launches to take advantage of lower rent rates at key locations
Aggressive store expansion, new menu choices ought to boost growth for QSR
Everstone Capital, through its investment vehicle QSR Asia Pte Ltd holds a 40.9% stake in Restaurant Brands, according to Refinitiv data
Burger King plans to invest USD 400 million in its US restaurants over the next two years to update its stores and boost flagging sales. The burger chain said on Friday the investment includes USD 250 million to revamp stores and update technology and kitchen equipment and USD 120 million for heavier advertising. Burger King also plans to spend USD 30 million upgrading its app to offer smoother ordering and personalized deals. The moves come after several years of disappointing sales at Burger King's 7,058 US stores. In 2019, Burger King's same-store sales or sales at stores open at least a year rose less than 2 per cent. By comparison, market leader McDonald's US same-store sales were up 5 per cent. Burger King's US sales plunged during the pandemic, then recovered in 2021, rising 5 per cent. But that was still slower growth than McDonald's, which saw US same-store sales jump 14 per cent in 2021. Wendy's overtook Burger King as the No. 2 US fast food chain by sales in 2020 and
IPR laws in India and the challenge of staying ahead of violators
All QSR majors, however, will face margin pressures given rise in food prices, analysts say
Shares of multiplex restaurant owners are likely to be in focus on easing of Covid-19 related curbs in Maharashtra.
A total of 108.40 million shares allotted to qualified institutional buyers started trading on the exchanges on Friday, February 18, 2022.
Among individual stocks, Bharti Airtel, M&M, HDFC, Kotak Bank, Nestle India, and Dr Reddy's Labs were the only Sensex gainers today
The company recently posted its December quarter (Q3FY22) results and brokerages have either downgraded the stock by a notch or have reduced their target price
Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup