Restaurants
Mediterranean restaurant chain Cava swings to a profit in first report since IPO
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Cava on Tuesday posted a profitable quarter for its first earnings report since its initial public offering in June. […]
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Chick-fil-A to release new riff on its iconic chicken sandwich with pimento cheese, jalapenos
Chick-fil-A’s Honey Pepper Pimento Chicken Sandwich Source: Chick-fil-A Chick-fil-A is adding a new spin on its iconic chicken sandwich to menus for a limited time. Starting Aug. 28, customers can buy the Honey Pepper Pimento Chicken Sandwich at the chicken chain’s restaurants nationwide, while supplies last. The new item uses the same breaded chicken filet […]
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Kraft Heinz picks new CEO as sales slump in the face of higher prices
Kraft Heinz products arranged at a Stop & Shop store in Dobbs Ferry, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Kraft Heinz‘s North American president will become CEO of the food giant next year, the company announced Monday. Carlos Abrams-Rivera will take the reins on Jan. 1 from Miguel Patricio, […]
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Beyond Meat stock slides more than 15% after company reports weak sales, cuts forecast
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California. Mike Blake | Reuters Beyond Meat’s stock fell more than 15% in premarket trading Tuesday after the company reported weak sales, cut its full-year revenue forecast and walked back its goal of becoming cash-flow positive […]
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Restaurant Brands’ sales rise, fueled by Burger King and Tim Hortons growth
Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger King and Tim Hortons for its second quarter. Shares of the company were roughly unchanged in premarket trading. Here’s what the company reported for the […]
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The robots are coming — and the companies building them are looking for workers
There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing opportunity to join the ranks in helping to build and implement the technology. Both humanoid and nonhumanoid robots are set to reduce employment in the […]
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Meals shipping apps Get and Foodpanda increase into dine-in services as explosive expansion stalls
Prospects dining at Boat Quay in the Central Small business District of Singapore. Bryan van der Beek | Bloomberg | Getty Photographs SINGAPORE — Singapore-primarily based foodstuff shipping and delivery apps Grab and Foodpanda are growing into the dine-in area, as individuals appear to try to eat out a lot more put up-pandemic. Get is […]
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Taco Bell owner Yum Brands misses revenue estimates despite soaring KFC sales
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported mixed quarterly results as Taco Bell’s and Pizza Hut’s same-store sales disappointed. Shares of the company were up […]
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Starbucks beats earnings estimates, but product sales disappoint despite China growth
Starbucks symbol is noticed on a cup in this illustration picture taken in the cafe at the airport in Charleroi, Belgium on July 27, 2023. Jakub Porzyck | Nurphoto | Getty Photographs Starbucks on Tuesday noted quarterly earnings that conquer analysts’ anticipations, but its exact same-store revenue missed Wall Street’s estimates. Shares of the enterprise […]
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Procter & Gamble is about to report earnings. Here’s what to expect
Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017. Mike Blake | Reuters Procter & Gamble is expected to report its quarterly earnings before the bell Friday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting the company to report: Earnings per share: $1.32 expected Revenue: $19.98 billion expected […]
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