Weekly Global News Wrap Up: Starbucks to close all Teavana retail stores; Papa John's switches to antibiotic-free chicken; Locations of QSRs unrelated to obesity rate, study says
Here is a summary of the most interesting QSR news stories of the week from around the world.
In the latest Starbucks report of the Q3 financial and operating results, the company announced the closing of all 379 Teavana retail stores. This follows the report during Q2 that many of the mall-based Teavana retail stores have been persistently underperforming.
McDonald’s reports the second quarter 2017 results with the global comparable sales increasing by 6.6%, which reflects positive guest counts in all segments. The systemwide sales, which include sales at all restaurants operated by the company and franchisees, increased by 8% in constant currencies, due to strong comparable sales performance and restaurant expansion.
According to Business Insider, Papa John's Pizza has transitioned toward a cleaner menu by using poultry raised without antibiotics, making the brand the first national delivery-centric pizza chain to make such a switch.
According to Medical News Bulletin, a new study published in the American Journal of Clinical Nutrition found that per capita densities of fast-food restaurants and full-service restaurants do not correlate to obesity rates in the United States.
According to Retail News Asia, Philippine pizza-parlor chain Shakey’s Pizza Asia Ventures (SPAVI) is set to expand its overseas footprint with a move into the United Arab Emirates next year.
