Fast Food & QSR

The lawsuit claims that Krispy Kreme failed to disclose critical information regarding declining demand, lack of profitability, and the subsequent pause in rolling out its products to new McDonald’s locations.

In his new role, Kidd will oversee the day-to-day operations of Chipotle’s nearly 3,800 restaurants across multiple countries, supporting the company’s 130,000 team members.

Despite the overall slowdown, McDonald’s international developmental licensed markets delivered a 3.5% rise in sales, offering a bright spot in an otherwise flat quarter.

While domestic same-store sales grew modestly by 0.5%, overall system-wide sales hit a record US$1.3 billion, underpinned by strategic initiatives like the rollout of Wingstop Smart Kitchen technology in over 200 locations.

The company also expanded its global footprint, reporting a 3% increase in unit count with 751 new stores opened during the period.

Domino’s reported strong financial performance in the first quarter of 2025, driven primarily by increased US franchise advertising revenues, rising supply chain income, and higher international franchise royalties and fees.

This growth strategy is aligned with CPRL’s goal to enhance its presence in under-penetrated markets and meet the changing preferences of Indian consumers.

Chicken has become a major sales driver across the fast-food industry, prompting McDonald’s to restructure its innovation teams by creating a division solely dedicated to chicken product development, alongside others for beef and desserts.

These nominations will be subject to shareholder approval at the company’s annual meeting scheduled for June 17, 2025.