Find out what we discovered about

McDonald's Q4 results, Subway shrinking and a new food conference in Berlin

Dear Reader,

Our weekly newsletter covers noteworthy and curious news from the international hospitality business. Find out what we've discovered about McDonald's Q4 results, Subway shrinking and a new food conference in Berlin.

Enjoy reading!
Your FoodService Bites team

Events

Foodservice Forum, Hamburg - 14. March 2019
Like every year, the foodservice forum, organized by business magazine foodservice, presents an outlook of the future of professional foodservice. (Approx. reading time: 1 min.)

New Food Conference, Berlin - 21. & 22. March 2019
ProVeg, one of the leading international food awareness organisations, has organized a two-day conference that will focus on the most important developments in plant-based foods and cultured animal products. (Approx. reading time: 2 min.)
www.proveg.com

Masterclass for International Growth & Franchising - 15. March 2019
Presented by entrepreneur Mario C. Bauer and lawyer Babette Marzheuser-Wood, the event offers insightful tips and tricks for companies who want to expand internationally. (Approx. reading time: 1 min.)
www.internorga.com


Brands

McDonald's releases Q4 results
Overall same-store sales rose to 4.4 percent, whereas the U.S. market saw a slightly smaller increase of 2.3 percent. (Approx. reading time: 1 min.)
www.bloomberg.com

Subway looses stores
The sandwich chain closed approximately 1,100 units in the United States last year. With currently 24,798 stores its the company's lowest store count since 2011. (Approx. reading time: 2 min.)
www.restaurantbusinessonline.com

KFC launches global sustainability initiative
Under the initiative, the fast-food chain wants to make its plastic-based packaging recoverable or resuable by 2025. (Approx. reading time: 1 min.)
www.verdictfoodservice.com

Weekly Research Bite

Promotions and meal deals are a win-win-situation for guests and operators. European Restaurant guests perceive them as 'good value for money'. At the same time, people spend more money, therefore, operators have more in their cash registers. The average of the Big 5 European countries (GB, France, Germany, Italy and Spain) shows that the eater check is more than 30 percent higher when a value meal was bought compared to the average check.
www.npdgroup.com


Management

New COO für Yum Brands
David Gibbs has been named the company's new president and chief operating officer. He will report directly to Yum's CEO Greg Creed. (Approx. reading time: 1 min.)
www.restaurantbusinessonline.com


Bojangles' strengthens executive board
The North Carolina-based chicken chain is joined by former McDonald's-veterans Jose Armario and Brian Unger, who take on the roles of CEO and COO. (Approx. reading time: 1 min.)
www.qsrmagazine.com


By the way …

Howard Schultz for president
The former Starbucks CEO teased a potential run for U.S. president in an interview with CBS. Schultz claims he wants to run as a centrist independent outside of the two-party system. (Approx. reading time: 2 min.)
www.cnbc.com

stats