Restaurants
Goldman’s top stocks to play a still-healthy consumer in 2025
The state of the consumer may be strong in 2025, according to Goldman Sachs, and there are several stocks that could be primed for upside as a result. “We forecast a still robust consumer as [ disposable personal income ] continues to grow, albeit at a slower rate and as elevated interest rates ease,” the […]
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Fired Disney employee will plead guilty to hacking menus to hide peanut content
File: Guests eat at Great Maple Restaurant at the Pixar Place Hotel at the Disneyland Resort in Anaheim, CA. Paul Bersebach | Medianews Group | Getty Images A former Disney employee agreed to plead guilty in a federal criminal case where he is accused of hacking into menu-creation software for the company’s restaurants, to falsely […]
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McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc’s restaurant, a concept recently launched by McDonald’s on December 11, 2023 in Bolingbrook, Illinois. Scott Olson | Getty Images McDonald’s will shutter three locations of its drinks-focused spinoff brand, CosMc’s. To test the concept, the fast-food giant opened its first CosMc’s location more than a year ago in […]
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Chuck E. Cheese makes a comeback, with trampolines and a subscription program
Chuck E. Cheese’s parent company has spent $230 million renovated its stores. Source: CEC Entertainment Four years after exiting bankruptcy, Chuck E. Cheese is making a comeback, thanks to a dramatic makeover to introduce its games and pizza to a new generation. In June 2020, just as some states began lifting their pandemic lockdowns, Chuck […]
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Panera Brands CEO steps down, CFO to fill in as interim chief
A Panera Bread restaurant in Miami Beach, Florida, Nov. 8, 2017. Joe Raedle | Getty Images Panera Bread’s parent company announced Tuesday that CEO Jose Dueñas is stepping down, effective immediately. The change in leadership is the latest challenge to the company’s plans to go public eventually, following several years of hurdles. Panera Brands CFO […]
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These restaurant chains closed locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024, as they try to improve their sales in the years to come. Inflation-weary consumers pulled back their restaurant spending in 2024 and instead sought value and discounts when they did choose to dine outside their homes. Overall U.S. restaurant […]
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Starbucks baristas strike in three U.S. cities during pre-Christmas rush
Starbucks Workers United union members and supporters on a picket line outside a Starbucks coffee shop in New York, US, on Thursday, Nov. 16, 2023. Victor J. Blue | Bloomberg | Getty Images Starbucks baristas in some locations are planning to strike through Christmas Eve, starting with cafes in Los Angeles, Chicago and Seattle on […]
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From Nike to Intel, CEO departures at U.S. companies hit a record this year
Clockwise from top: Former Boeing CEO Dave Calhoun (CNBC), Starbucks former CEO Laxman Narasimhan (Getty Images), former Nike CEO John Donahoe (Reuters), former Intel CEO Pat Gelsinger (Getty Images) TL: CNBC | TR: Getty Images | BL: Reuters | BR: Getty Images Retired, ousted or poached, CEOs headed for the exits this year. U.S. public […]
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Father, son plead guilty in $100 million New Jersey deli stock scheme
Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023. Dan Mangan | CNBC Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. Crime Suppression Division, Royal Thai Police | AP […]
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Darden Restaurants’ sales rise 6%, fueled by Olive Garden and LongHorn Steakhouse
A sign hangs on the front of an Olive Garden restaurant on June 22, 2023 in Chicago, Illinois. Scott Olsen | Getty Images Darden Restaurants on Thursday reported quarterly earnings and revenue that met analysts’ expectations and better-than-expected same-store sales growth at Olive Garden and LongHorn Steakhouse. Shares of the company rose 8% in premarket trading. Here’s […]
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