Restaurants
Procter & Gamble beats earnings estimates but warns of higher costs from tariffs
Boxes of Tide Pods dishwasher detergent are displayed at a Costco Wholesale store on July 12, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images Procter & Gamble on Friday reported fiscal first-quarter earnings and revenue that beat analysts’ expectations, lifted by higher demand for its beauty and grooming products. However, the […]
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Starbucks Workers United set to vote on strike authorization
Starbucks Workers United is kicking off a strike authorization vote Friday, as the union representing baristas makes a bid to secure a contract with the coffee giant. The union also said it is planning a wave of rallies and pickets across the country with its baristas and allies. Voting on authorizing a strike at unionized […]
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Coca-Cola tops earnings and revenue estimates but says demand for drinks is still soft
Sina Schuldt | Picture Alliance | Getty Images Coca-Cola reported quarterly earnings and revenue that topped expectations, but the beverage giant said that demand for its drinks is still soft. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings per share: 82 cents adjusted vs. 78 cents […]
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Coffee and ‘chili crab’ ice cream: How luxury fashion brands are capturing Asian consumers
A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693). But a vanilla latte in its cafe? A comparative steal at SG$9. From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who […]
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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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