Restaurants
PepsiCo earnings beat estimates, but U.S. demand weakens
Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. The company also narrowed its revenue outlook for the […]
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AI drive-thru ordering is on the rise — but it may take years to iron out its flaws
The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely […]
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Inside Starbucks’ plans to improve stores for customers and baristas
Starbucks Coffee shop in Krakow, Poland on February 29, 2024. Beata Zawrzel | Nurphoto | Getty Images Starbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long wait times that have dogged the chain. The overhaul comes as the coffee giant prepares […]
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These could be the next big food and beverage trends
The budding trends in food sound like a return to the diet of cavemen: Fish is the hottest protein, honey is the flavor du jour and game meat is an upgrade to charcuterie boards. That’s according to the hundreds of items on display at the Summer Fancy Food Show, a trade show hosted by the […]
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Starbucks debuts fruity energy drink less than two months after Panera discontinues highly caffeinated Charged Lemonade
Starbucks on Tuesday launched a drink at stores nationwide called Iced Energy, which has up to 205 milligrams of caffeine in it — about the same amount as six cans of Coke. The fruity energy drink debuts less than two months after bakery-cafe chain Panera Bread announced it was discontinuing its controversial Charged Lemonade, a beverage […]
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Fast-food customers are shifting to casual-dining chains, Darden Restaurants CEO says
Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday. While Darden itself hasn’t benefited from the shift, its competitors, like Chili’s owner Brinker International and […]
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Darden beats on earnings, even as Olive Garden, fine-dining sales drag
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. Shares of the company rose more than 1% in premarket trading. […]
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Cocoa prices are soaring. Candy makers will need to get creative
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the […]
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Tyson Foods suspends CFO after second arrest
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022. Leigh Vogel | Getty Images Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while […]
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Meet up with the guy powering Odette — a person of three restaurants in Singapore with a few Michelin stars
Odette is named immediately after a revered matriach in Chef Julien Royer’s existence: his grandmother. “She is definitely a person pretty vital to me, and the human being that truly showed me how significantly passion, satisfaction, joy and emotion you can give to people via food items,” he informed CNBC. Initially from central France, Royer […]
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