Food and drink
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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Boulder, a natural food haven, fosters a new generation of wellness entrepreneurs
Boulder is the No. 2 U.S. city for quality of life, according to U.S. News and World Report. Denistangneyjr | E+ | Getty Images This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. […]
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Denver and its craft breweries embrace nonalcoholic beer, spirits
Denver Beer Co. Courtesy: Denver Beer Co. This story is part of CNBC’s new quarterly Cities of Success series, which explores cities that have been transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and workers. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially […]
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Gatorade enters new categories — even unflavored water — as competition to hydrate consumers ramps up
As Gatorade approaches its 60th birthday, the brand is staying spry, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the U.S. sports drink market in 2023, according to Euromonitor International data. Owner PepsiCo’s archrival […]
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