Wednesday, 12 August 2020
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Is McDonald’s In Latin America In Trouble? Fitch Downgrades Arcos Dorados to ‘BB’; Outlook Revised to Negative

Fitch Ratings has downgraded Arcos Dorados Holdings Inc.'s, McDonald’s largest franchisee in the world in terms of systemwide sales and number of restaurants, Long-Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured notes to 'BB' from 'BB+'. The Rating Outlook has been revised...

Fast food chains in Costa Rica are ready to expand in 2020 despite adverse local market conditions

Fast food chains in Costa Rica have solid expansion plans inside and outside the Greater Metropolitan Area (GAM) for 2020 despite the many challenges of operating in the country. The national market is characterized by competition that is increasingly fueled by the emergence of delivery...

Restaurants See Less Profits In The App Era

The growing tendency to order food through apps  for delivery is causing a decrease in profits, as restaurants must assume the cost of delivery commissions and sometimes those of additional promotions offered by the digital platforms, such as Uber Eats, Hugo App, Go Pato,...

Why Wendy’s Serves Fast Food’s Only Baked Potato

Perhaps it was the squared patty of fresh, never frozen meat or the focus on baked potato rather than sliced, oil-slicked fries that did in Wendy's in Costa Rica after eight years in the country. We will never know. But despite the Costa Rica closing...

The Most Successful U.S. Fast-food In Costa Rica

QSR Magazine just released its annual ranking of the top fast-food chains in the US, ranked by US systemwide sales in 2016. Of the top 50 ranked by QSR, 12 have operations in Costa Rica. Papa John's Papa John's arrived in Costa Rica in 2000 and currently...

Pollo Campero Will Close Its Doors In Costa Rica

Pollo Campero, with 20 years of operating in Costa Rica, will close its 11 restaurants. The announcement was made by the Corporación Multi Inversiones (CMI), on Tuesday, May 30, 2017. But the company is not leaving Costa Rica, it is shifting its focus to the...

Popeyes & Dairy Queen Announce Costa Rica Expansion Plans For 2017

Q BUSINESS - Popeyes and Dairy Queen plans to open four new locations in 2017, the first two in the first half of the year. In the case of Popeyes, one of the new locations will be in Cartago, the second location is still in...

Who Goes To Carl’s

TICO BULL – Waiting an appointment around Cariari, around lunch time and time to kill, decided to have a burger at Carl’s Jr.  This was my second time visiting a Carl’s,  the first when it first opened in downtown San Jose years ago. I am...

Burger King Set To Re-Open in Costa Rica!

QCOSTARICA - Following rumours that Burger King would be back in Costa Rica, it is now a reality. The U.S. hamburger restaurant chain is back. The first restaurants (located in the San Jose area) will open next Tuesday, June 14. "El secreto ya no es secreto"...

Pizza Hut Celebrates Opening of Restaurant in 100th Country with Special Delivery to Summit of Mt. Kilimanjaro

QCOSTARICA - With Costa Rica the second "international market", Pizza Hut recently celebrated the opening of restaurant in the 100th country. And to celebrate the event Pizza Hut employees and several professional guides, hiked for six days to the top of Mt. Kilimanjaro to set...

Are Fast Food Restaurants Being Targeted By Robbers?

QCOSTARICA - Fast food restaurants are being targeted by robbers, the proof of this is the number of robberies of fast food restaurants in the past five weeks: three. The most recent was on Sunday when two men hit at gunpoint the Papa John's in...

Popeye’s Keeps Expanding in Costa Rica

(QCOSTARICA) Popeye's restaurants has become a big hit with Costa Ricans, the franchisee opening this week its seventh location, in Santo Domingo de Heredia, with two more coming later this year. Virya Navarro, Popeye's marketing manager, said construction is underway at the Radial de Heredia...

Taco Bell Opening Four New Stores In 2015

(QCOSTARICA BUSINESS) Taco Bell Costa Rica announced it will be opening four new locations in the greater metropolitan area of San Jose this year, at an investment of US$500.000 per location. "The brand new openings are due to market conditions that have favoured us, which...

McDonald’s Costa Rica Will Not Be Affected By Global Restructuring

QCOSTARICA - The McDonald's franchise that operates in Costa Rica,  Arcos Dorados, says it will not be affected by the global restructuring announced headquarters in the United States. The company told La Republica that it continues to grow in the country. "In Costa Rica this...

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