A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years…

Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019.Adam Jeffery | CNBCNelson Peltz is stepping down as chair of…

The McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024.Mario Tama | Getty ImagesSubway started phasing out its $5 footlong…

The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024.Smith Collection | Gado |…