McDonald, world largest fast food chain has been working to reverse lower traffic at its U.S restaurants where it gets most of its profit under pressure from chains like Chipotle Maxican Grill and Panera Bread. An overhaul in the past year has introduced fresh beef Quarter Pounders, Premium customizable sandwiches such as Signature Sriracha sandwich as well as online ordering and delivery.
Company's quarterly results showed global comparable sales rose 6 percent, beating the 4.5 percent increase expected by analysts.
McDonald's Chief Financial Officer Kevin Ozan said “the company had completed refranchising of 4,000 restaurants in China and Hong Kong more than a year ahead of schedule. Aggressive value promotions in the United States included offering soft drinks of all sizes for $1, McCafe beverages such as smoothies and espresso drinks for $2, and the McPick 2 offer, which lets customers buy two menu items for $5.”
Global Data Retail's Managing Director Neil Saunders said "Given that the fast food and casual dining segments as a whole struggled over the third quarter, this is an encouraging set of results which suggests McDonald's is gaining both market and customer share.
The changes, part of a turnaround plan under Chief Executive Steve Easterbrook, come after Chipotle and other chains raised the bar on what ordinary consumers can expect from mass market fast-food outlets.
McDonald's U.S. restaurants that have been open for at least 13 months rose 4.1 percent in the quarter ended Sept. 30, above the 3.4 percent growth expected on average by analysts polled by research firm Consensus Metrix.
According to Thomson Reuters, Excluding items, McDonald's earned a profit of $1.76 per share, only just missing an average analyst estimate of $1.77 per share.
Total revenue beat forecasts but overall was down 10.4 percent at $5.75 billion due to a step up in franchising of its restaurants which provides the company with less revenue but saves on costs. Analysts were expecting revenue of $5.74 billion.
Franks Hot Dog, the globally celebrated gourmet hot dog brand, has officially debuted in India by partnering with FranGlobal, the international franchise development arm of Franchise India.
The brand has unveiled its first Indian outlet today at the bustling Elpro City Square Mall, Pune.
“India is a dynamic market with a deep love for innovative food experiences. Our collaboration with FranGlobal allows us to bring Franks legacy of premium quality and creativity to this exciting new audience, starting with the vibrant city of Pune,” shared Benjamin Attal, CEO of Franks Hot Dog.
This landmark launch not only marks the brand's entry into the Indian market but also establishes Pune as the launch pad for Franks ambitious growth in the country. Known for its vibrant culinary scene and adventurous food lovers, Pune provides the perfect setting for Franks Hot Dog to introduce its innovative, flavor-packed menu that combines global appeal with local tastes.
“This partnership is a testament to India’s growing appetite for global food brands. Pune, with its youthful energy and rich culinary culture, is the perfect city to introduce Franks Hot Dog. With its unique offerings and strong brand story, Franks is poised to revolutionize the QSR space in India,” added Gaurav Marya, Chairman of Franchise India and FranGlobal.
The menu at Franks Hot Dog Pune is designed to wow the city’s food enthusiasts with a diverse selection of signature gourmet hot dogs, loaded fries, and refreshing beverages. From classic flavors to creative twists infused with Indian spices, the offerings promise a taste experience like no other. For Pune’s adventurous palate, options like the Spicy Tandoori Dog and the Masala Loaded Fries add a unique touch while retaining Franks international standards of quality and creativity.
This launch is just the beginning of an ambitious growth plan set out in the master franchise agreement signed earlier this year at the Franchise Fair. Frank’s Hot Dog and FranGlobal aim to establish 300 outlets across India within the next five years, with 100 locations slated to open in the first 18 months.
The Pune outlet’s launch also marks a significant milestone in Franks global expansion strategy, which includes new outlets in Belgium, Switzerland, the Netherlands, and eight locations in France by the end of 2024.
PAUL, the iconic French culinary brand with over 135 years of heritage, has opened its first outlet in Hyderabad at Tower 10, RMZ, Nexity.
Known as the City of Pearls, Hyderabad offers a unique blend of rich history, stunning architecture, and a thriving tech industry—a perfect backdrop for PAUL's authentic French experience.
Renowned for its exquisite bakery treats and traditional French cuisine, PAUL has captivated palates worldwide since 1889. With a presence in 53 countries, PAUL's passion for bread-making and culinary excellence transcends borders, making it a global favourite.
PAUL’s new Hyderabad location boasts spacious indoor and outdoor seating for 200+ guests, enabling guests to enjoy the renowned culinary delights in an elegant and welcoming ambience. Coupled with an authentic French ambience that draws inspiration from French architectural elegance, the interiors exude warmth, enhancing the dining experience.
The menu features iconic French dishes like the classic quiche Lorraine, croque-monsieur, savoury crêpes, rich French onion soup, and caramelized canelés, each crafted with PAUL's commitment to quality. These are complemented by handcrafted sourdough Napoletana pizzas, crisp tartines, artisanal pasta, healthy rice bowls, vibrant salads, and comforting soups. Guests can also enjoy gourmet sandwiches, creamy risottos, and a range of refreshing beverages, all prepared with the finest locally and internationally sourced ingredients.
From hearty breakfasts to indulgent dinners, PAUL welcomes guests to enjoy the ultimate dining experience from 9 a.m. to midnight, allowing patrons to relish a wide range of exquisite cuisines and indulgent offerings throughout the day.
PAUL is currently present in Delhi NCR, Mumbai, Pune, and Hyderabad, Telangana, with future plans to expand across the country to bring authentic French cuisine to the limelight.
Dubai-based modern Japanese restaurant Akiba Dori has partnered with international franchising firm FranGlobal to enter India.
With six restaurants launched across GCC in last 5 years, it has signed a 30-location franchise development deal for India.
The group is eyeing major cosmopolitan locations within India over the next 5 years, bringing the signature Akiba Dori style and modern Japanese street-food & Tokyo-style pizza that customers of the brand have enjoyed over the last 5 years in the UAE & most recently, Saudi Arabia, to one of the biggest consumer markets in the world.
“Launching an original F&B brand in Dubai is as close as you can get to testing your concept on an international audience. Dubai has incomparable PR power; if you can make your brand work here, you can take it almost anywhere on the planet, and I can’t think of more than a handful of cities that can make that claim. Taking Akiba Dori from our home base in Dubai to one of the world’s most powerful markets is a dream for us and we can’t wait to support our franchisees there with the help of our development partners led by India’s franchising legend Mr. Gaurav Marya, Chairman of Franchise India & FranGlobal,” shared Samer S. Hamadeh, Founder, Akiba Dori.
Started in 2017, Akiba Dori is part of the ‘Made in Dubai’ initiative developed by Dubai Tourism & was created to support & promote homegrown F&B brands in the city and beyond.
“We are excited to work in tandem with Akiba Dori in their India expansion journey! Certainly, such a novel and inimitable concept is sure to find success among the Indian consumers, who are always in the lookout for not just food but great experiences as well,” added Gaurav Marya, Founder & Chairman, FranGlobal.
Tonino, the Italian Restaurant has opened Caffe Tonino at PVR Plaza, Connaught Place, New Delhi after completion of 10 successful years.
Caffe Tonino will be serving global foods apart from its signature Italian cuisine. Some of the dishes offered at the restaurant are antipasti and healthy soups followed by wood-fired healthy Pizzas such as pizza Bianca, Speziata con Pollo, Calzone Quattro Stagioni.
The restaurant is also serving wide varieties of Pasta including Pasta Sana to Spaghetti All’anatra and delectable Panini along with the chef’s special delicacy Eggless Panna Cotta, Traditional gelato's and the all time favourite tiramisu with an aromatic cup of coffee served in a beautiful vibrant Tuscan setting.
“There could have been no other place but Connaught Place to give Delhiites a taste of authentic Italian cuisine in a contemporary Tuscan ambience since it is the latest hub for youngsters, with its well mapped roads and easy transportation service”, said, Parmeet Sawhney, Promoter, Tonino.
He further added “Tonino Caffe offers a perfect place to start your day with a healthy breakfast with a French cinnamon toast or Muesli with Yoghurt, a quick lunch or a scrumptious dinner to help unwind after a hectic day at work.” Tonino, the Italian Restaurant has opened Caffe Tonino at PVR Plaza, Connaught Place, New Delhi after completion of 10 successful years.
Caffe Tonino will be serving global foods apart from its signature Italian cuisine. Some of the dishes offered at the restaurant are antipasti and healthy soups followed by wood-fired healthy Pizzas such as pizza Bianca, Speziata con Pollo, Calzone Quattro Stagioni.
The restaurant is also serving wide varieties of Pasta including Pasta Sana to Spaghetti All’anatra and delectable Panini along with the chef’s special delicacy Eggless Panna Cotta, Traditional gelato's and the all time favourite tiramisu with an aromatic cup of coffee served in a beautiful vibrant Tuscan setting.
“There could have been no other place but Connaught Place to give Delhiites a taste of authentic Italian cuisine in a contemporary Tuscan ambience since it is the latest hub for youngsters, with its well mapped roads and easy transportation service”, said, Parmeet Sawhney, Promoter, Tonino.
He further added “Tonino Caffe offers a perfect place to start your day with a healthy breakfast with a French cinnamon toast or Muesli with Yoghurt, a quick lunch or a scrumptious dinner to help unwind after a hectic day at work.”
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