Restaurants
McDonald’s is about to report earnings. Here’s what to expect
McDonald’s restaurant sign is seen in Streator, Illinois, United States, on October 15, 2022. Beata Zawrzel | Nurphoto | Getty Images McDonald’s is due to report its third-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.58 Revenue: $5.69 billion In the first half […]
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Defendant in NJ deli stock fraud case makes $2,500 a month from similar shell company
Courtroom sketch of James Patten, left, and attorney Ira Sorkin at N.J. District Court in Camden, N.J., Oct. 11, 2022 Source: Elizabeth Williams One of the men charged in an alleged stock manipulation scheme involving shell companies and a small-town New Jersey deli is making thousands of dollars from another shell company, according to a […]
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Chipotle says price hikes lift revenue as customer visits slip
Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Mark Makela | Reuters Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw “minimal resistance” to higher menu prices during […]
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Coca-Cola raises full-year outlook as earnings beat expectations
Coca-Cola on Tuesday raised its full-year outlook after beating Wall Street’s expectations for its quarterly earnings and revenue. The company also provided a look toward 2023, saying that it expects inflation to keep raising its expenses and commodity prices to stay volatile. Foreign currency is also projected to weigh on Coke’s earnings and revenue. However, […]
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Beyond Meat is rolling out its steak substitute in grocery stores
Beyond Steak Source: Beyond Meat Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts and other local grocers. The announcement concludes a rocky month for the maker of meat […]
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McDonald’s to sell Krispy Kreme doughnuts at 9 locations in latest menu experiment
Scott Olson | Getty Images McDonald’s will sell Krispy Kreme doughnuts in select restaurants later this month for the first time. Starting Oct. 26, the fast-food giant will sell Krispy Kreme doughnuts at nine locations in the Louisville, Kentucky, area as part of a test. McDonald’s said the test will help it learn more about […]
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How Starbucks took on Italy’s coffee culture
In 2018, Starbucks opened its first store in Italy, a 25,000-square-foot roastery in Milan. Despite being inspired by Italian coffeehouse culture, the American chain faced resistance when entering the country. It took Starbucks 47 years to open a shop in Italy. Italians take their coffee culture very seriously — it’s filled with traditions, customs and […]
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Medieval Times sues performers’ union over trademark infringement
Medieval Times Dinner and Tournament, a family dinner theater featuring staged medieval-style games, sword-fighting, and jousting performed by a cast of 75 actors and 20 horses, held in Lyndhurst, New Jersey Anadolu Agency | Getty Images Medieval Times has thrown down the gauntlet. The restaurant-and-show chain is suing its employees’ New Jersey union for allegedly […]
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Domino’s reports mixed third-quarter results as U.S. same-store sales increase
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza reported better-than-expected revenue for the third quarter Thursday and stood by its forecast for food cost inflation this year, even though earnings fell short of estimates. In the U.S., the company […]
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Delta and Starbucks link their loyalty programs in a bid for repeat customers
A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Delta Air Lines and Starbucks are linking their loyalty programs, marking the latest move by the companies to expand the appeal of their rewards programs and boost sales. Starting Wednesday, members of Delta’s SkyMiles […]
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