Company eyes international growth opportunities
International Dairy Queen Inc. maintains a global system of over 7,000.0 franchised restaurants operating under brand names including DQ Grill and Chill, Dairy Queen (DQ) and Orange Julius. In March 2022, the organization partnered with Chinese private equity firm, FountainVest Partners, to open 600.0 DQ restaurants in China by 2030. There are already more than 1,100.0 DQ restaurants in China, with 100.0 more planned to open in 2022. This presents an opportunity to widen the company’s footprint in one of the fastest-growing countries.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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