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Major fast-food chicken franchisee files Chapter 11 bankruptcy
Yahoo Finance· 2026-01-16 04:57
Core Insights - Fried chicken dining chains led the fast-food industry in 2025, with a 3% increase in traffic, while overall fast-food concepts saw a 1% decline [1] - Chicken concepts experienced a 4.3% growth in 2024, outperforming other quick-service and fast-casual chains [2] - Industry expert Reilly Newman indicated that chicken chains like Chick-fil-A and KFC are likely to maintain their dominance due to the experiential offerings and customization options available [3] Industry Performance - Chicken fast-food chains have shown resilience in traffic growth, with a 3% increase in 2025 and a 4.3% increase in 2024, contrasting with declines in other fast-food segments [1][2] - Despite the growth in customer traffic, financial difficulties have led to bankruptcy filings among some chicken chains [4] Bankruptcy Filings - Southern Classic Chicken, a franchisee in Woodstock, Georgia, filed for Chapter 11 bankruptcy on November 3, 2025, to reorganize its business [5] - De'nsite Inc., operator of Harold's Chicken locations in Illinois, filed for Subchapter V bankruptcy on July 27, 2025, with assets up to $50,000 and liabilities between $500,000 and $1 million [7] - Sailormen Inc., a franchisee of Popeyes Louisiana Kitchen, filed for Chapter 11 protection due to financial distress from failed sales, credit defaults, and lawsuits [8]
[DowJonesToday]Dow Jones Navigates Mixed Sentiment on December 29th, 2025
Stock Market News· 2025-12-29 14:09
Market Overview - The Dow Jones Industrial Average decreased by 20.23 points (-0.0415%), closing at 48710.97, while Dow Futures indicated a weaker outlook, down 97.00 points (-0.1980%) at 48901.00, reflecting mixed market sentiment without significant economic data or policy announcements driving movement [1] Gainers - Nike (NKE) led the advancers with a share price increase of 1.55% - UnitedHealth Group (UNH) rose by 1.17% - 3M Company (MMM) added 1.09% - Nvidia (NVDA) increased by 0.78% - Home Depot (HD) saw a rise of 0.68%, indicating strength across consumer and industrial sectors [2] Decliners - Boeing (BA) was among the biggest decliners, down 0.90% - McDonald's (MCD) experienced a decline of 0.85% - Walt Disney Company (DIS) fell by 0.80% - Goldman Sachs (GS) and JPMorgan Chase (JPM) saw modest declines of -0.41% and -0.40% respectively, contributing to the overall subdued performance of the index [3]