Restaurants
PepsiCo earnings top estimates as international markets fuel sales growth
PepsiCo on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America. Shares rose 1% in premarket trading. Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: […]
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Candy maker Ferrero goes all in on sports with Super Bowl ad, World Cup promotions
Ferrero North America is planning to spend more than $100 million on marketing campaigns tied to the Super Bowl and World Cup next year. The sports push comes as the confectioner’s parent company drives further into the United States through acquisitions and investments in domestic production. Ferrero, which was founded in Italy but is now […]
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From PepsiCo to Taco Bell, dirty soda is taking over
Utah-based drink chain Swig coined “dirty soda” back in 2010. Fifteen years later, the trend is fueling innovation everywhere from PepsiCo to McDonald’s, infusing the sluggish beverage category with new life. “Dirty soda” drinks use pop as a base, followed by flavored syrups, cream or other ingredients. While Swig claims credit — and the trademark […]
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Starbucks to close stores, lay off workers in $1 billion restructuring plan
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Starbucks executives had previously said that the company would be slowing new openings […]
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Michelob Ultra overtakes Modelo Especial as best-selling beer in the U.S.
Packages of Michelob Ultra are displayed at a BevMo store on December 16, 2024 in Larkspur, California. Justin Sullivan | Getty Images Michelob Ultra has overtaken Constellation Brands‘ Modelo Especial as the best-selling beer in the United States. Michelob Ultra claimed the top spot as the best-selling beer in retail channels in the 52 weeks […]
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Olive Garden owner Darden Restaurants disappoints on earnings but hikes sales outlook
Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business. The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell more than 9% in morning trading. Here’s what the company […]
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Deliveroo founder Will Shu to step down as CEO after DoorDash takeover
Deliveroo CEO Will Shu. Aurelien Morissard | IP3 | Getty Images LONDON — Deliveroo CEO Will Shu is set to step down from the food delivery company he co-founded over a decade ago. Shu, who established Deliveroo in 2013 with childhood friend Greg Orlowski, said Thursday that he will step down as CEO after its […]
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Cracker Barrel stock falls as company reports mixed earnings after rebrand controversy
In an aerial view, a Cracker Barrel sign hangs on a sign outside of a restaurant in Florida City, Florida, on Aug. 27, 2025. Joe Raedle | Getty Images Cracker Barrel Old Country Store said Wednesday that the restaurant chain is focusing on enhancing its experiences for guests after it faced intense backlash over an […]
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Convenience stores are eating fast-food chains’ breakfast
A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty Images Fast-food restaurants are losing breakfast customers to convenience stores. Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to […]
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Cracker Barrel shares rise after restaurant chain gets rid of controversial new logo
A Cracker Barrel sign featuring the old logo is seen outside of a restaurant on August 21, 2025 in Homestead, Florida. Joe Raedle | Getty Images Shares of Cracker Barrel Old Country Store rose 3% Wednesday after the restaurant chain said it would scrap its new logo and return to the original one, amid mounting […]
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