Food and drink
This 35-year-old turned a local Indonesian coffee stall into a unicorn startup — today it brings in $100 million a year
In college, Edward Tirtanata had a brewing love for coffee, so much so that he’d order “one huge cup” every day from either Dunkin’ Donuts or 7-Eleven. Today, the 35-year-old CEO and co-founder of venture-backed unicorn coffee company Kopi Kenangan, still has his cup of joe daily — except that he’s upgraded it to three […]
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Walmart says more diners are buying its groceries as fast food gets pricey
Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth […]
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Uber to get Foodpanda’s Taiwan company for $950 million, creating a likely monopoly
TAIPEI, TAIWAN – 2021/07/19: A foodpanda shipping male carrying a experience mask rides past a Taiwanese flag forward of the COVID-19 notify Level 3 restriction raise in Taipei. (Photograph by Walid Berrazeg/SOPA Visuals/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will purchase the Taiwan business of Shipping Hero-owned Foodpanda for […]
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McDonald’s is working to introduce a $5 value meal
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The people said the […]
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Sweetgreen shares soar 35% after company beats revenue expectations
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged 35% on Friday after the company topped Wall Street’s revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of […]
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Coca-Cola tops earnings estimates, hikes revenue outlook on higher prices
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023. Denis Lovrovic | AFP | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. The beverage giant also raised its full-year outlook for organic revenue. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported […]
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This 35-yr-previous had 5 failed corporations just before starting off her grocery store chain – now it brings in above $8 million a year
Gek Teng Pang started Surrey Hills Grocer in 2021. Results did not arrive effortless for Pang Gek Teng. The 35-yr-previous serial entrepreneur went by 5 failed small business tries before her endeavours to make a multimillion-greenback grocery retail outlet chain in Singapore at last bore fruit. Nowadays, she is the proud founder and CEO of […]
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Bird flu resurgence drives up egg rates, spurring some to inventory up
Unstamped brown eggs. Image Alliance | Image Alliance | Getty Photos Fowl flu fears are driving up egg costs all over again. Following getting subsided for most of 2023, a latest resurgence of avian influenza in poultry services across the U.S., Japan and other nations have brought on selling prices of eggs to jump all […]
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PepsiCo earnings beat estimates but product recalls, weaker lower-income consumer hurt U.S. sales
PepsiCo on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, despite weaker U.S. demand caused by Quaker Oats recalls and backlash to higher prices for its drinks and snacks. Shares of the company were down less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on […]
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Significant world meals rates could eventually see a bottom in 2024, says Oxford Economics
A food stuff shopper lookups for veggies July 1, 2023 at the Hannaford grocery store in South Burlington, Vermont. Robert Nickelsberg | Getty Photographs Climbing food stuff prices about the planet may lastly be seeing a base this calendar year. According to Oxford Economics, international food items costs are envisioned to decline in 2024, supplying […]
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