Restaurants
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
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 quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant […]
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Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue as it said customers pulled back on their restaurant spending. “As we got around the holidays, we just didn’t see that pop, that momentum, that […]
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Plant-based salmon startup capitalizes on rising interest in fake seafood
While the plant-based burger wars have been waging for several years now, plant-based fish is just in its infancy. But that is about to change, as new contestants enter the mix with various types of faux fish offerings, and investors rush in to fund them. In the U.S. alone, investment in plant-based, fermented or cell-based […]
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Mediterranean restaurant chain Cava confidentially files for an IPO
A logo outside of a Cava restaurant location in Chantilly, Virginia. Kristoffer Tripplaar | Sipa USA | AP Mediterranean chain Cava announced Monday that it has confidentially filed for an initial public offering. It’s the first restaurant company so far this year to take the first step toward a public market debut, following a drought […]
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Starbucks misses anticipations as China drags down worldwide revenue
A Starbucks retailer is viewed inside of the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks on Thursday claimed quarterly earnings and revenue that fell limited of analysts’ expectations as weak intercontinental need weighed on its outcomes. In China, the company’s second-biggest marketplace, transactions at cafes open at minimum […]
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Sandwich chain Subway’s sales climb as turnaround takes hold ahead of potential sale
An employee halves a Subway sandwich at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Subway said its same-store sales climbed 9.2% in 2022, signaling the sandwich chain’s turnaround is taking hold as it reportedly explores a sale. The company is not required to disclose its financial results […]
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How robots are helping address the fast-food labor shortage
Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens. Using artificial intelligence, computer vision technology and a mechanical arm, Miso Robotics’ Flippy 2 has been deployed to Chipotle, White Castle and Wing Zone. White Castle said it plans to add 100 Flippy […]
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Activist investor Nelson Peltz’s Trian won’t pursue Wendy’s takeover
David Paul Morris | Bloomberg | Getty Images Nelson Peltz isn’t interested in acquiring Wendy’s, according to a regulatory filing made on Friday. Peltz serves as non-executive chair on the burger chain’s board and as chief executive of activist firm Trian Fund Management, which is its largest shareholder. In May, Trian said it was exploring […]
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Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week
Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days by the end of the month. Starting Jan. 30, employees within commuting distance will be required to report to the coffee giant’s Seattle headquarters on Tuesdays, Wednesdays and a third day decided on by their teams. […]
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