Restaurants
McDonald’s is bringing back the snack wrap to U.S. restaurants next month
McDonald’s Snack Wrap. Courtesy: McDonald’s McDonald’s snack wraps will return to U.S. restaurants next month as the fast-food giant looks to boost sales after a sluggish start to the year. McDonald’s introduced snack wraps nearly two decades ago but discontinued the item in 2016 because it slowed its kitchens down too much. Some franchisees kept […]
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Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken
Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot […]
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Non-alcoholic beer projected to overtake ale as the second-largest beer category worldwide this year
Non-alcoholic beers photographed for Food in Washington, DC on March 11, 2024. Scott Suchman | The Washington Post | Getty Images Non-alcoholic beer is on track to overtake ale as the second-largest beer category by volume worldwide this year, according to a new projections from industry tracker IWSR. While overall beer volume fell roughly 1% […]
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Burger King targets families through movie partnerships in latest stage of turnaround
Burger King’s “How to Train Your Dragon” menu items include the Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Soaring Strawberry Lemonade and the Viking’s Chocolate Sundae. Source: Burger King As Burger King enters the next phase of its turnaround efforts, the fast-food chain is trying to lure families back to its restaurants with colored Whopper […]
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Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth
A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers have cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% […]
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5 new Uber features you should know — including a way to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on […]
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McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary
The logo of McDonald’s (MCD) is seen in Los Angeles, California. Lucy Nicholson | Reuters McDonald’s on Monday announced plans to hire up to 375,000 workers this summer at a news conference that included U.S. Labor Secretary Lori Chavez-DeRemer. While McDonald’s has long been one of President Donald Trump’s culinary favorites, the company has been […]
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Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook
Justin Sullivan | Getty Images News | Getty Images Krispy Kreme stock plunged 24% on Thursday morning after the doughnut chain said it is “reassessing” its rollout with McDonald’s and pulled its full-year outlook in part due to economic “softness.” Krispy Kreme is not planning to launch its doughnuts in any additional McDonald’s locations in […]
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Restaurant Brands earnings miss as Burger King, Popeyes and Tim Hortons post same-store sales declines
A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined. But the restaurant company is seeing sales turn around already. “As we […]
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McDonald’s reports largest U.S. same-store sales decline since 2020
McDonald’s on Thursday reported mixed quarterly results as its U.S. same-store sales fell for the second straight quarter, posting their largest domestic decline since the onset of the Covid pandemic. McDonald’s U.S. same-store sales shrank 3.6% as the chain faced bad weather and a more cautious consumer. That drop is the worst in McDonald’s home […]
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