Business
Checkers & Rally’s CEO says demand for fast-food value is growing
Checkers & Rally’s CEO Chris Tebben says consumers squeezed by higher everyday costs are making affordability a bigger factor in where they eat.
Checkers & Rally’s is leaning into value as Americans remain squeezed by higher everyday expenses, with the fast-food chain’s CEO saying consumers’ demand for affordability has intensified over the past couple of years.
The chain is offering a $4 Unbeatable Meal Deal, priced at $5 in select markets, as restaurants compete for increasingly price-conscious customers. Checkers & Rally’s CEO Chris Tebben said the company has seen firsthand how strongly consumers respond when prices come down.
Checkers & Rally’s first launched a $4 version of the meal deal around May 2025, and Tebben said the company saw an improvement in transaction trends after its introduction.
“I think it was around the May timeframe in ’25 and certainly saw the consumer respond, and the trend in our transaction was much improved,” Tebben told FOX Business.
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A Checkers restaurant in Baytown, Texas, during the chain’s grand opening event ahead of Super Bowl LVIII on Feb. 10, 2024. (Nicholas Hunt/Getty Images)
The response comes as consumers continue to grapple with higher costs for everyday necessities, putting pressure on restaurants to convince customers that eating out is worth the expense.
“I think we’ve seen over the last couple of years the need for value continues to intensify and, let’s face it, consumers are continuing to feel the pressures of a lot of everyday necessities and I think that’s why affordability plays such an important role when they choose to spend some of that money for an away from home occasion,” Tebben said.
Restaurant prices have continued to rise, adding to the cost pressures facing consumers. Prices for food away from home have climbed over the past year, including at limited-service restaurants such as fast-food chains.
The pressure on consumers presents a difficult equation for restaurant operators, which have faced their own rising expenses while trying to keep menu prices attractive.
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A customer looks over the menu at a Checkers walk-up ordering window on Biscayne Boulevard in Miami, Florida. (Jeffrey Greenberg/Universal Images Group via Getty Images)
“Certainly what we’re trying to do with value. Value has always been at the heart of our brand. And so it’s certainly more difficult in today’s economic environment in terms of inflation and food costs to make that equation work,” Tebben said.
Tebben said Checkers & Rally’s has worked to improve its core food costs, giving the company more room to invest in value offerings while still making the economics work for the company and its franchisees.
“We’re certainly trying to drive more than our fair share of consumer occasions with the value offering. And then we’re always mindful of that balance to have to make sure that it works economically for both us and the terrific group of franchisees that we have,” he said.
The balancing act is playing out across the restaurant industry as major chains compete for consumers looking for more food for less money.
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McDonald’s has leaned into its McValue platform and meal deals, while Wendy’s has promoted its own lineup of Biggie Deals as restaurant chains try to appeal to customers watching their budgets.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MCD | MCDONALD’S CORP. | 255.69 | -3.94 | -1.52% |
| WEN | THE WENDY’S CO. | 8.03 | +0.15 | +1.90% |
For Checkers & Rally’s, however, the strategy does not necessarily mean putting a deeply discounted meal on the permanent menu.
Tebben said the company instead sees an opportunity to bring versions of the promotion back at different points depending on consumer demand and broader economic conditions.
“I’m not looking to necessarily have the meal deal be part of our core menu, but I certainly think we’re building equity and consumers have responded to it. I would expect that you’ll see some version of this that will pulse in at different times for us as the macro environment demands,” Tebben said.
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This year, Checkers & Rally’s brought the promotion back later than it did in 2025. Tebben said periodically offering the deal can help generate excitement while allowing the company to respond to changes in consumers’ routines and finances.
The latest promotion also coincides with the back-to-school and Labor Day period.
The $4 meal gives customers a choice of a Loaded Tender Wrap, Spicy Chicken Sandwich or Classic Burger, along with Value Fries, eight Chicken Bites and a 16-ounce drink. The promotion costs $5 in select markets.
Tebben said Checkers & Rally’s has focused on offering customers a complete meal rather than simply competing on the price of an individual menu item.

Checkers & Rally’s $4 Unbeatable Meal Deal includes a choice of a Classic Burger, Spicy Chicken Sandwich or Loaded Tender Wrap, plus Value Fries, eight Chicken Bites and a 16-ounce drink. (Checkers and Rally’s)
But the CEO said the definition of value extends beyond price. Checkers & Rally’s is also working to improve food quality, speed and customer service as part of a broader effort to turn around the brands.
“I think we’ve made a lot of improvements there. We still have a lot of work left to do to fully turn the brands around, but it can’t just be, you know, value and affordability. And then the guest comes in and doesn’t get a delightful experience. So it has to be the magic of the end. That’s what we’re really focused on,” Tebben said.
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For Tebben, affordability remains a central part of that strategy as consumers decide where — and whether — to spend money on eating out.
“When it comes to the price component of your value offering, the way I like to think about it is that I never want affordability to ever be a barrier for someone choosing us,” he said. “But I think that’s the critical piece is, if someone goes somewhere else because they don’t think that we’re affordable, then I’ve done something wrong in my job. We’ve done wrong as a brand.”
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Retired FBI Agent Theorizes Nancy Guthrie May Have Suffered Fatal Heart Attack After Abduction
TUCSON, Ariz. — A retired FBI agent has put forward a new theory about the disappearance of Nancy Guthrie, suggesting the 84-year-old mother of “Today” show co-host Savannah Guthrie may have suffered a fatal heart attack shortly after being abducted from her Arizona home more than seven months ago.
Frank Storey, a retired FBI agent, discussed the case during an appearance on retired FBI agent Jennifer Coffindaffer’s “True Crime With Jen Coffindaffer” podcast on Sept. 2. Storey theorized that the abduction may have initially begun as a kidnapping for ransom that later went wrong, with Nancy Guthrie potentially suffering a fatal heart attack a day or two after being taken from her home.
Nancy Guthrie disappeared from her home in the Catalina Foothills area of Tucson in the early hours of Feb. 1, 2026. She was last seen at her home the evening before, after being dropped off by family members. Seven months later, authorities have not publicly named a suspect and have not determined what ultimately happened to her.
Despite the lack of confirmed answers, Storey expressed confidence that the case would eventually be resolved.
“I think it will be at some point. Somewhere along the line, somebody always talks,” Storey said.
Storey suggested that if more than one person was involved in Nancy Guthrie’s disappearance, it remains possible that one of those individuals could eventually be arrested for an unrelated serious crime and choose to cooperate with investigators in order to reduce their own legal exposure in that separate matter.
“That may occur; it may not. But it’s possible,” Storey added, while stressing that his comments reflected only his personal theory rather than any official finding in the case.
Storey’s comments come amid separate claims from a friend of Nancy Guthrie’s that the investigation has effectively gone cold, a characterization that has not been confirmed by investigators and stands in direct contrast to public statements from law enforcement overseeing the case.
Investigators have previously released doorbell camera footage appearing to show an armed, masked individual tampering with a camera at Nancy Guthrie’s front door around the time of her disappearance. Pima County Sheriff Chris Nanos said in July that investigators had not yet established whether that individual acted alone or with assistance from others.
A communication released by the Pima County Sheriff’s Department on July 31 also indicated that Nancy Guthrie had died shortly after being taken from her home. That message, sent days after her initial disappearance, was released publicly alongside an earlier ransom demand as part of an effort by investigators to generate additional leads and tips from the public. Authorities have not formally confirmed the claim that Nancy Guthrie is deceased.
Investigators have continued examining physical evidence recovered from Nancy Guthrie’s home in the months since her disappearance. According to Sheriff Nanos, testing on a hair sample recovered from the scene has been completed without producing a viable lead toward identifying a suspect. Separately, a mixed DNA sample containing genetic material from as many as four different individuals remains under active examination by multiple forensic laboratories, including the FBI’s laboratory in Quantico, Virginia.
Authorities have not publicly confirmed whether they believe Nancy Guthrie is alive or deceased as the investigation continues. Sheriff Nanos has repeatedly pushed back against suggestions that the case has gone cold or that investigators have stopped actively pursuing leads.
“This case is not cold,” Nanos has said in addressing public concerns about the pace of the investigation.
The disappearance of Nancy Guthrie has drawn sustained national attention given her connection to her daughter, one of the most recognizable figures in American television news. Despite that heightened public interest, the Pima County Sheriff’s Department has continued to withhold detailed regular updates on the investigation’s progress, a practice officials have defended as consistent with standard law enforcement procedure in an active, ongoing case involving potential criminal activity.
Storey’s theory adds to a range of speculative explanations that have circulated publicly in the months since Nancy Guthrie’s disappearance, none of which have been confirmed by investigators. Retired law enforcement officials and commentators covering the case have offered varying perspectives on what may have happened, though the Pima County Sheriff’s Department has continued to emphasize that its investigation remains active and that specific details are being withheld deliberately as part of the ongoing inquiry.
Investigators have previously said DNA and video analysis efforts remain ongoing with support from laboratories across the country, and have continued to encourage members of the public with any credible information related to the case to come forward. Authorities have established tip lines through both the Pima County Sheriff’s Department and the FBI to help facilitate the submission of any new information that could assist the investigation.
As the case approaches its eighth month without a named suspect or confirmed resolution, theories like the one offered by Storey continue to circulate publicly even as investigators maintain that the underlying facts of what happened to Nancy Guthrie remain unconfirmed. Sheriff Nanos has indicated that the department will continue withholding a formal press conference on the case until investigators have a significant development to share publicly, leaving both Nancy Guthrie’s family and the broader public that has followed the case to await further updates as the investigation continues.
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Cathay Pacific Marks 80 Years Since First Flight, From Converted Cargo Plane To Global Airline
HONG KONG — Cathay Pacific is celebrating 80 years since its founding, tracing a journey that began with a single converted cargo aircraft in the aftermath of World War II and has since grown into one of Asia’s most recognized commercial airlines, serving more than 100 destinations worldwide.
The airline’s origins date to 1946, when former Air Force pilots Roy Farrell and Sydney de Kantzow set out to establish a cargo route flying goods from Australia to Shanghai. Cathay Pacific Airways was officially registered in Hong Kong for HK$2 on Sept. 23, 1946, and the company operated its first flight just one day later, on Sept. 24, from Sydney to Hong Kong. The airline’s entire fleet at the time consisted of a single aircraft, a converted Douglas DC-3 affectionately nicknamed “Betsy.”
Cathay Pacific Group CEO Ronald Lam reflected on the airline’s founding mission and its enduring relevance eight decades later.
“Since our earliest days, Cathay Pacific has helped open new horizons for people, businesses and communities,” Lam said. “That purpose has defined our first 80 years, and it continues to guide us today.”
The airline’s expansion accelerated through the following decades. In the 1960s, Cathay Pacific’s Convair 880 jetliners extended the airline’s network across Asia to destinations including Seoul and Kota Kinabalu, as jet-powered aircraft made air travel faster and more accessible than the propeller-driven planes that preceded them. On Oct. 19, 1964, the airline welcomed its millionth passenger aboard a flight between Singapore and Bangkok.
A significant turning point came in 1979 with the arrival of Cathay Pacific’s first Boeing 747, which extended the airline’s reach well beyond the Asia-Pacific region and laid the groundwork for a truly global route network. The following year, the airline launched its first service to London, marking its formal entry into long-haul intercontinental travel.
Throughout the 1980s, Cathay Pacific’s Boeing 747 aircraft, painted in the airline’s now-iconic green-and-white striped livery often referred to as the “lettuce leaf sandwich” design, became a familiar sight over Kowloon as they approached Hong Kong’s former Kai Tak Airport, serving as an enduring symbol of the city’s connection to the broader world. That decade also brought the expansion of passenger services to mainland China, beginning with Shanghai in 1980. In 1983, Cathay Pacific became the first airline in Asia to offer first class, business class and economy class cabins aboard the same aircraft, establishing a new industry benchmark for passenger service tiers. Three years later, coinciding with the airline’s 40th anniversary, Cathay Pacific became the first company to list on Hong Kong’s newly unified stock exchange.
The airline also built a reputation for pioneering in-flight passenger technology during this period. In 1991, Cathay Pacific became the first airline to introduce live radio broadcasts on board, delivering music and news content directly to passengers during flights. Seatback entertainment systems followed shortly after, arriving first in first class in 1992 before expanding across all cabin classes by 1996.
One of the airline’s most significant operational transitions came in 1998, when Hong Kong’s aviation infrastructure shifted from the historic but constrained Kai Tak Airport to the newly built Hong Kong International Airport at Chek Lap Kok. On July 5, 1998, Cathay Pacific flight CX251 to London Heathrow became the final flight to depart Kai Tak. The following morning, flight CX889, dubbed “Polar One,” landed at the newly opened Hong Kong International Airport, having completed the first non-stop passenger service between New York and Hong Kong, and at the time, the longest non-stop commercial flight route in operation anywhere in the world. That same year, Cathay Pacific took delivery of its first Boeing 777-300, an aircraft that would go on to form the backbone of its long-haul fleet for years to come.
The airline’s fleet modernization has continued into more recent years, with the arrival of the Airbus A350 in 2016 ushering in a new era of fuel efficiency and passenger comfort. More recently, Cathay Pacific has introduced updated cabin products across selected Boeing 777-300ER aircraft, refreshing its business, premium economy and economy class designs as part of its continued evolution of the passenger experience.
Cargo operations have also played a central role in Cathay Pacific’s growth. The airline’s first dedicated freighter aircraft began operations in 1976, with cargo becoming an increasingly important pillar of the business through the 2000s. The HK$5.9 billion Cathay Cargo Terminal entered full operation in 2013, establishing itself as one of the world’s largest and most technologically advanced air cargo facilities and cementing Hong Kong’s position as a leading international air freight hub. Today, Cathay Cargo transports approximately 1.7 million tonnes of cargo annually.
The airline has continued expanding its global route network in recent years, setting a record for its longest-ever route with the launch of service to Dallas-Fort Worth in April 2025. Cathay Pacific’s network now spans more than 100 destinations worldwide, recently strengthened by new routes to Urumqi, Munich and Seattle, with service to Almaty set to join the network in 2027.
Beyond its route expansion, Cathay Pacific has continued investing in its onboard passenger experience, introducing new Airbus A321neo aircraft featuring enhanced comfort and entertainment options, alongside its acclaimed Aria Suite business class product and refreshed premium economy and economy cabins across selected Boeing 777-300ER aircraft. The airline has said its refreshed economy cabins and a new Aria Studio business class product will soon debut aboard its Airbus A330-300 fleet, marking the next phase of its regional cabin upgrades.
As Cathay Pacific has evolved into what the company describes as a broader travel lifestyle brand, it has expanded beyond air travel into a range of additional consumer offerings, including dining, shopping and wellness experiences, alongside deeper integration with transportation links across China’s Greater Bay Area region. The airline has also emphasized its ongoing commitment to sustainability, citing continued investment in newer, more fuel-efficient aircraft, emissions-reduction measures across its operations, and an accelerated adoption of sustainable aviation fuel as part of its broader environmental strategy.
Reflecting on the airline’s 80-year milestone, Lam emphasized Cathay Pacific’s deep ties to its home city and the broader region it has served since its founding.
“As we celebrate 80 Years Together, we do so with gratitude for everyone who’s been part of our journey,” Lam said. “Cathay Pacific’s story is inseparable from Hong Kong, from our deep connections to the Chinese Mainland and from our place in the wider world. Our responsibility now is to honour that legacy by building on it, so future generations can continue to discover the joy of travel.”
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