,Singapore
1 view

Weekly Global News Wrap: McDonald's gets closer to U.S. loyalty programme rollout; Yum! Brands earnings top estimates; Chipotle eyes 200 new store openings

Here is a summary of the most interesting QSR news stories of the week from around the world.

McDonald’s has entered the next phase of testing a U.S. loyalty program before it launches later this year. As reported by CNBC, roughly 900 locations out of its14,000 U.S. restaurants are part of the test. Read more here.

Former McDonald’s CEO Steve Easterbrook’s bid to dismiss a lawsuit by the fast food chain seeking to recoup millions of dollars in severance pay was rejected, Reuters reported. McDonald’s sued Easterbrook in August, nine months after reaching the severance package, claiming he never gave directors a complete picture of his relationships with employees. Read more here.

Despite COVID-19 restrictions, Yum! Brands’ earnings topped Wall Street analysts’ estimates for its fourth-quarter earnings and revenue. CNBC reported the company’s net sales rose 3% to US$1.74 billion. Worldwide, the company’s same-store sales fell 1% during the quarter, and Taco Bell was its only brand to report positive same-store sales growth. Read more here.

U.S. restaurants cut another 19,400 jobs in January, the third straight month in which the industry cut the number of employees in the country. Restaurant Business reports that restaurants now employ 9.94 million workers, down from 9.96 million in December. Read more here.

Shake Shack will be offering its workers a total of six hours of paid time off to get COVID-19 vaccinations when they come available, Nation’s Restaurant News reported. The voluntary, paid-time policy will be for all team members, hourly and salaried, covering about 7,600 employees. Read more here.

Chipotle is opening 200 restaurants this year, its CEO told CNBC’s Mad Money programme. The planned store openings would bring Chipotle’s store count to nearly 3,000 locations and would mark the first time since 2016 that the company added over 200 stores in a single year. Read more here.

Get QSRMedia Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The country’s health ministry said the government will review the measures in two weeks.
The upcoming opening will also be the brand’s Southeast Asian debut.
The commemorative store is located on Des Voeux Road in Central.
A portion of the profits from this collection will support healthcare workers who are impacted by COVID-19 through the Thai Red Cross Society.
The fast food conglomerate partnered with DoubleDragon Properties Corporation.
Deliveroo customers will be the first to avail of the item
Restaurants' sales were up 89.5%.
The group said take-out sales and government subsidies helped.
Delivery Hero has been trying to sell Yogiyo in order to acquire Woowa Brothers.
The outlet features a 168-seater space with 9 food stalls. 
There are currently 16 Shacks open in the market.