Fast Casual Restaurant

Miami – Burger King Corp. is preparing a new marketing slogan, “Be Your Way.” The new slogan, which appeared in an online video in April 2014, will be featured in a TV ad for the first time on May 26.

Canton, Mass. – Dunkin’ Donuts is recruiting franchisees in Roanoke, Virginia. This month, the retailer signed a multi-unit store development agreement with existing franchisee Greg Nigro to develop 13 new restaurants throughout Richmond, Virginia.

Milford, Conn. - The Subway restaurant chain is poised to open about 3,000 new locations worldwide this year. Subway currently has more than 41,000 stores in 105 countries worldwide.

"Location, location, location is still the mantra," said John Devine, director of Subway Real Estate. "We continue to provide our customers with convenient locations to enjoy our great menu offerings. At the same time, we continue to offer landlords and developers a proven, stable and trusted tenant for their real estate."

Indianapolis - Papa John’s International Inc. has promoted senior VP of global operations Steve Ritchie to the position of COO. In addition, the company’s founder, chairman and CEO John Schnatter, will assume the additional role of president, continuing to focus on all aspects of the company’s business while also acting as brand spokesperson.

Winston-Salem, N.C. – Krispy Kreme Doughnuts Inc. has named Anthony N. (“Tony”) Thompson, 47, as president and CEO, effective June 1. Thompson joins the company from Papa John’s International Inc., where he most recently served as president and COO.

The Coffee Bean & Tea Leaf has appointed Karen Cate as CFO and Jeff Schroeder as VP of operations.

Cate was the VP, controller of Trader Joe's Company, where she was responsible for the integrity of financial processes and reporting for the retail grocery store, warehouses and distribution operations. She has also held financial management positions for Sun Microsystems, Nestlé USA and Avery Dennison Corporation.

Chicago - The fast-casual segment continues to obtain share from full-service chains and drive limited-service growth, making up 15% of the $231 billion limited-service restaurant segment. The “Top 150 Fast-Casual Chain Report” from Technomic shows that fast-casual sales increased 11% in 2013, while all limited-service chains grew by only 3.5%.

Ann Arbor, Mich. -- On Wednesday, nearly 54 years after its founding in Ypsilanti, Michigan, Domino's Pizza will open the doors to its 11,000th store, in Brantford, Ontario.

"Domino's international growth continues to expand, and I think it is special that we reached this milestone in Canada, the country where the international growth started,” said Mike Schlater, Domino's Pizza of Canada master franchisee. “I am proud to continue serving this community by bringing the 11,000th store to Brantford."
 

Fast-casual pizza concept, PizzaRev, is positioned for growth

PizzaRev opened a concept test kitchen in Los Angeles in April 2012. Today, it has nine company-owned restaurants with 19 more company and franchised stores on the way.

Miami – Consolidated net income at Burger King Worldwide Inc. grew 68.7% year-over-year during the first quarter of fiscal 2014, rising to $60.4 million from $35.8 million. In the same period, total revenues fell 26.5% to $240.9 million from $327.7 million.

Systemwide same-store sales grew 2%. Burger King cited severe weather as negatively affecting North American sales, as well as the net refranchising of 327 company-owned stores during the quarter. The retailer attributed its net income growth to improvement in overseas EBITDA performance.