Food and drink
Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and loyalty program rewards as inflation pushes menu prices higher. Restaurant Brands International CEO Jose Cil told CNBC that the company hasn’t seen […]
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Molson Coors stock falls as company cites split in consumer spending on beer
A bottle of Molson Coors Brewing Co. Blue Moon brand beer Tiffany Hagler-Geard | Bloomberg | Getty Images Molson Coors Beverage is seeing a split emerge among its customers as inflation hits their wallets: Some beer drinkers are trading down, while others are still shelling out for pricier six-packs. Shares of the beverage company closed […]
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Taco Bell says its Mexican Pizza will be back in September
Taco Bell’s Mexican Pizza Source: Taco Bell Mexican Pizza will be returning as a permanent menu item at Taco Bell on September 15, according to the fast-food chain. The chain, owned by Yum Brands, had pulled the item in 2020 to simplify its menu before bringing it back this May. But Taco Bell said ingredient […]
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PepsiCo takes $550 million stake in energy drink maker Celsius
Celsius Energy Drinks Courtesy: Celsius Holdings PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company. Shares of Celsius rose 8% in morning trading on the news, bringing its market value to $6.7 billion. Celsius is expecting to gain more shelf […]
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Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of Beyond Meat fell 6% in morning trading after J.P. Morgan said McDonald’s ended its U.S. test of […]
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Coca-Cola’s earnings top expectations as sales volume recovers from pandemic
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the beverage giant’s sales at restaurants, theaters and other venues recovered from the pandemic. Here’s what the company reported, versus what Wall Street analysts surveyed […]
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Chipotle announces investments in startups focusing on kitchen automation, plant-based alternatives
Hypen automated kitchen solutions. Courtesy: Hyphen Chipotle said Thursday it’s investing in two companies that have the potential to accelerate its growth — one that automates kitchen operations and another that makes plant-based versions of chicken and steak with mushrooms. The Newport Beach, California-based company said Cultivate Next, its $50 million venture fund, will invest […]
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McDonald’s franchisees polled by an owners group overwhelmingly support no-confidence vote on CEO
Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016. Shannon Stapleton | Reuters McDonald’s franchisees unhappy with changes being made to ownership terms are expressing a lack of confidence in the company’s CEO and U.S. president, according to a new survey of owners that was viewed by CNBC. The National […]
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Investors bet on meat grown in a lab as interest in plant-based foods cools
Investors want meat production to look more like the pharmaceutical industry than agriculture. Cultured meat, also known as cultivated, cell-based or lab-grown protein, is made by putting stem cells from the fat or muscle of an animal into a culture medium that feeds the cells, allowing them to grow. The medium is then put into […]
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Molson Coors to return to the Super Bowl for the first time in more than 30 years
Molson Golden and Coors Light beer bottles are pictured at the Asylum bar in New York. Andrew Harrer | Bloomberg | Getty Images Molson Coors Beverage will return to the Super Bowl next year, making its first appearance during the big game in more than 30 years. The move comes after archrival Anheuser-Busch InBev announced […]
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