Arby’s
QSR & CoffeeNot rated
Parent company
Inspire Brands
Private, owned by Roark Capital
Credit ratingNot verified
AAAAAABBBBBBCCCD
No verified agency rating for Inspire Brands.
OwnershipPrivateowned by Roark Capital
Brands on our list3Arby’s, Dunkin’, Buffalo Wild Wings
Issuer ratingUnavailableNot rated
New Initiatives
How the real estate strategy is changing: openings, closures, formats, remodels, relocations and refranchising.
Arby’s. Arby’s posted 148 net closures in 2025.
Source: QSR Magazine, Inspire Brands brand reviewDunkin’. Inspire planned 406 franchised Dunkin’ openings for 2026.
Source: QSR Magazine, Inspire Brands brand reviewBuffalo Wild Wings. Reopened a remodeled West Mifflin, Pennsylvania restaurant nearly two years after a fire, part of ongoing remodel investment.
Source: WPXI
Inspire Brands is a multi-brand restaurant company formed in 2018 from Arby's and Buffalo Wild Wings. Its portfolio includes Arby's, Baskin-Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's and SONIC. Inspire is majority owned by Roark Capital and confidentially filed for a U.S. IPO in May 2026.
Sources: Inspire Brands; Reuters, May 8, 2026.
Brands on our list
Dunkin’
QSR & CoffeeNot rated
Buffalo Wild Wings
Casual DiningNot rated
Credit ratings
| Agency | Rating | Outlook | As of | Source |
|---|---|---|---|---|
| S&P Global | Unavailable | No Inspire Brands issuer rating verified | Not verified | |
| Moody’s | Unavailable | No Inspire Brands issuer rating verified | Not verified |
What’s changing across the brands
Arby’s. S&P assigned a preliminary BBB- (sf) rating to Arby’s Funding 2026-1 securitization notes. Source: S&P Global Ratings
Inspire Brands. Inspire Brands confidentially filed for a U.S. initial public offering. Source: Reuters
Ownership history
- 2018
Inspire Brands formed by Roark Capital from Arby's and Buffalo Wild Wings Source: Source
- 2018
Acquires SONIC Source: Source
- 2019
Acquires Jimmy John's Source: Source
- 2020
Acquires Dunkin' Brands, including Baskin-Robbins Source: Source
- 2026
Confidentially files for a U.S. IPO Source: Source
SEC Filings
Private company, no public SEC filings. Inspire Brands does not file annual reports with the SEC.
Share prices, Yahoo Finance, as of Nov. 9, 2026. Bond index yields and spreads, ICE BofA US corporate and high yield indices, ICE Data Indices, LLC, via FRED, Federal Reserve Bank of St. Louis. 10-year yield, U.S. Department of the Treasury.