Restaurants

Consumers are tired of inflation. But some retailers fear falling prices
World

Consumers are tired of inflation. But some retailers fear falling prices

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center.  Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on […]

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Beyond Meat launches new, healthier version of burger in bid to bring back customers
Business

Beyond Meat launches new, healthier version of burger in bid to bring back customers

The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodium Source: Beyond Meat Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The unveiling Wednesday comes at a pivotal time […]

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Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value
Business

Labor coalition accuses Starbucks of 'flawed' union strategy, risking shareholder value

A coalition of unions is laying out its case against Starbucks ahead of a proxy fight at its annual meeting in March, arguing the coffee giant has implemented a “flawed human capital management strategy” in response to a yearslong union movement. The Strategic Organizing Center claims the situation has put the company at reputational risk, […]

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Companies — profitable or not — make 2024 the year of cost cuts
Business

Companies — profitable or not — make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]

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Starbucks has a new accessible store design. Take a look inside
Business

Starbucks has a new accessible store design. Take a look inside

The exterior of Starbucks’ new Union Market location Source: Starbucks Starbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans. The coffee giant opened the first location with the new design on Friday in Washington, D.C.’s Union Market. “Designing for disabilities is just good design […]

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Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook
Business

Shake Shack stock surges 20% on fourth-quarter profit, strong 2024 outlook

The Chicken Shack sandwich from Shake Shack. Shake Shack Shares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results. With Thursday morning’s gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months. Stock Chart IconStock chart icon […]

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Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales
Business

Restaurant Brands earnings beat estimates, fueled by strong Tim Hortons sales

A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom. John Keeble | Getty Images Restaurant Brands International reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales. Shares of the company closed down 4% on Tuesday. […]

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Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
Business

Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue

James Quincey, CEO of Coca-Cola Co., speaking on “Squawk Box” at the WEF in Davos, Switzerland, on Jan. 18, 2023. Adam Galica | CNBC Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. Coke reported its […]

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Coca-Cola sales beat estimates, helped by higher prices
Business

Coca-Cola sales beat estimates, helped by higher prices

Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023. Justin Sullivan | Getty Images Coca-Cola on Tuesday posted quarterly earnings that met expectations and sales that topped estimates, as higher pries helped the beverage maker overcome a volume decline in North America. Here’s what the company reported compared with what Wall […]

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Yum Brands disappoints as KFC, Taco Bell and Pizza Hut fall short of same-store sales expectations
Business

Yum Brands disappoints as KFC, Taco Bell and Pizza Hut fall short of same-store sales expectations

KFC and Taco Bell restaurants along 118th Avenue in Edmonton, on January 21, 2024, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales. Yum is the third global restaurant […]

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