Restaurants
Chipotle Mexican Grill earnings beat estimates as revenue climbs 17%
Pedestrians wearing protective masks walk in front of a Chipotle restaurant in San Francisco, California, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by better than expected same-store sales growth. Shares of the company rose more than […]
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McDonald’s diners are pushing back against price increases in some markets, CEO says
McDonald’s customers are pushing back against higher prices in some markets and adding fewer menu items to their orders, CEO Chris Kempczinski said Tuesday. Shares of McDonald’s fell slightly Tuesday, but the stock hit a new 52-week high. McDonald’s is up about 10% so far this year. Kempczinski’s comments come as consumer companies report mixed […]
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McDonald’s is about to report earnings. Here’s what to expect
Delivery couriers are seen near McDonald’s restaurant in Krakow, Poland on April 12, 2023. Jakub Porzycki | Nurphoto | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting the company to report: Earnings per share: $2.33 expected Revenue: $5.59 […]
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Subway reports double-digit quarterly sales growth as sandwich chain seeks buyer
In this photo illustration, a Subway sandwich is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Sandwich chain Subway reported double-digit same-store sales growth in the first quarter, showing its turnaround taking hold as the company seeks to sell itself. In February, Subway […]
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Coca-Cola is about to report earnings. Here’s what to expect
A pedestrian passes a Coca-Cola delivery truck in Mexico City, Mexico, on Wednesday, Jan. 25, 2023. Jeoffrey Guillemard | Bloomberg | Getty Images Coca-Cola is expected to report its first-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by Refinitiv are projecting the company to report: Earnings per share: 64 cents […]
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Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
Pedestrians carry McDonald’s bags in New York, US, on Wednesday, April 6, 2023. Victor J. Blue | Bloomberg | Getty Images As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. But the rest of the year may prove bumpier for the sector. McDonald’s, Chipotle Mexican Grill and Domino’s Pizza will all […]
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Ben & Jerry’s workers in flagship Vermont store file for union election
Ben & Jerry’s brand ice cream sits in a supermarket freezer. Bloomberg | Bloomberg | Getty Images Ben and Jerry’s workers at the ice cream company’s flagship store in Burlington, Vermont, are filing for a union election Monday. The move adds to a string of service industry union drives, including at Starbucks and Trader Joe’s. […]
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Burger King is selling more Whoppers than ever before in early days of its U.S. turnaround
In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Seven months after Burger King unveiled a strategy to revive its U.S. business, the chain is selling more Whoppers than ever before. Burger King U.S. President Tom Curtis told CNBC that […]
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Restaurant prices are rising faster than grocery prices for the first time since inflation ran hot
People sit outdoors at the Petite Crevette Restaurant on June 05, 2021 in the Brooklyn borough of New York City. Robert Nickelsberg | Getty Images For the first time since inflation began accelerating in mid-2021, restaurant prices outpaced grocery prices on a 12-month basis, according to the Labor Department. It’s a blow to the restaurant […]
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From hotpot to bubble tea, BofA suggests China may be looking at signals of use recovery
Chinese people wearing raincoats and enjoying hotpot as thousands of persons get at a hotpot pageant in southwest China’s Chongqing municipality on Oct. 31, 2009. STR | Afp | Getty Photos Indications of restoration may perhaps be rising in China’s luxury and purchaser discretionary products sectors, claimed an analyst from Bank of America, even as […]
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