The move, first announced during the company’s earnings call on Feb. 14, comes as Joshua Kobza, the current chief operating officer, is set to take over as chief executive officer on March 1. Kobza will take over from current chief executive José Cil and inherit day-to-day leadership of the company that also owns the Burger King, Popeyes Louisiana Kitchen and Firehouse Subs brands.
The announcement on earnings reporting per restaurant also comes as a group of franchisees decided to go public with Executive chairman Doyle had said the company now publicly reporting on franchisee profitability annually will “elevate our accountability to our franchisees even further.” He blamed the drop in profitability on commodity cost spikes, “generationally high inflation” and the lingering impacts of the pandemic on store traffic.
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