The Bottom Line: The executive chairman of the owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs made the case to investors as the company gets back to franchising.

The burger chain has transformed its business model and started marketing to the MAGA crowd with a quality message. But it closed more stores, and the chain’s franchisees are apparently struggling.

The Bottom Line: This week’s edition of the weekly restaurant finance newsletter examines the weakness of the fast-food pizza market, as both Papa Johns and Pizza Hut have challenges.