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Brands in the fast food market, and is the market leader with about 19% share.
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Would the fast-food market have grown to its present size if McDonald's had not pioneered franchising?
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Ultimately, local fast food is regaining market share.
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This service has been priced out of the market in fast food by past increases in the minimum wage, however.
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Pacific Andes also targeted the U.S. market, offering fast-food chains and wholesalers credit terms.
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The down market pressured other fast-food shares as well, with McDonald's down 0.2%, Burger King Holdings 0.4% and Yum!
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Reliable fast food is still an innovation for emerging market consumers.
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By the way, Starbucks' success energized Dunkin' Donuts to actively compete for the Starbucks market--it offers delicious fast-food breakfasts, such as cheese, egg and sausage on a croissant, all day, and its iced lattes surpass Starbucks' versions.
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He sees a scalable, long-term growth story based on the rising consumption of fast food, strong brands that cater to local tastes, a dominant market position at home, strong cash flow and strong management.
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More importantly, the US market is a shrinking market while the emerging markets provide a green field alternative for fast food and high level growth.
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Last week, the company opened its 300th store in Mexico, its largest market in Latin America and where it has a joint venture with Alsea, an operator of fast food establishments and casual dining in Latin America.
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