Restaurants
Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
A pedestrian wearing a protective mask walks past a Ruth’s Chris restaurant in Washington, D.C., on Monday, April 20, 2020. Andrew Harrer | Bloomberg via Getty Images Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. The deal values Ruth’s at $21.50 per […]
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Yum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Cars wait in a line at a KFC (Kentucky Fried Chicken) drive-thru in Bloomsburg. Paul Weaver | LightRocket | Getty Images Yum Brands on Wednesday reported quarterly earnings that fell short of analysts’ expectations, despite a China sales rebound for KFC and Pizza Hut. Yum joins the growing list of companies that includes Procter & Gamble and […]
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Starbucks is about to report earnings. Here’s what to expect
Starbucks Coffee logo is seen on cups in the cafe in Krakow, Poland on February 16, 2023. Nurphoto | Nurphoto | Getty Images Starbucks is expected to report its fiscal-second quarter results after the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share: 65 cents […]
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Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales
In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Restaurant Brands International on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by double-digit same-store sales growth at Tim Hortons and Burger King. Shares of the company were flat in […]
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Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Founder and CEO Ben Goodwin said beverage giants PepsiCo and Coca-Cola have already come knocking. But he’s not interested in cashing out just yet. “Right now, my focus is on […]
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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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