Weekly Global News Wrap Up: Grocery stores threaten to sink fast food profits; US burger chains ditch beef; Burger King courts Chipotle fans with Whopperrito
Here is a summary of the most interesting QSR news stories of the week from around the world.
Business Insider reports that the fast-food industry has a growing threat: grocery stores. Grocery prices are dropping due to lower commodity costs, and people are eating at home more often as a result. READ MORE HERE.
According to CNBC, America's fast-food and fast-casual burger chains number more than 45,000, so new entrants to the burger wars better stand out. Some are relying on a surprising recipe for success. It's not a secret ingredient so much as it is a key ingredient they are leaving out. READ MORE HERE.
Burger King’s latest new item is taking a stab at Chipotle Mexican Grill Inc., which is still reeling from a string of foodborne illness outbreaks, Bloomberg reveals. READ MORE HERE.
Time reveals in a report that McDonald’s is officially bringing its McCafe Pumpkin Spice Latte back on Aug. 31, giving PSL enthusiasts the chance to satisfy their fall coffee cravings earlier than ever. The fast food giant will be offering the cinnamon-y sweet beverage in stores nationwide for the first time in three years starting later this month. READ MORE HERE.
As local appetites for bigger and better burgers grow, McDonald's is heeding the call by bringing its "premium" range of burgers in Singapore, according to Mashable. Three new burgers will start becoming available islandwide: classic cheese with Angus beef, spicy tortilla with angus beef, and spicy chicken with apple slaw. READ MORE HERE.
According to Sydney Morning Herald, the percentage of Australians dining in the 5-6pm timeslot has jumped by 35 per cent in the past two years, according to a new industry analysis by restaurant reservation website Dimmi. READ MORE HERE.
According to Investopedia, fast food chains are struggling in 2016 with company after company releasing worse-than-expected earnings each quarter and increasingly bizarre food options being introduced to woo customers. READ MORE HERE.
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