Restaurants
Starbucks union claims CEO Schultz violated labor law by ‘threatening to withhold’ benefits
The union representing Starbucks baristas is taking aim at the coffee giant’s interim chief executive, Howard Schultz, alleging his recent comments about an improved benefits plan amounted to illegal threats and had a “chilling effect” on impending union votes. The union, Starbucks Workers United, claims in an April 22 filing with the National Labor Relations […]
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to West Palm Beach, Florida, this summer, even though airfares are surging. It won’t be cheap, but Magny doesn’t want to […]
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McDonald’s closures in Russia cost the fast-food giant $127 million in Q1 — here’s what it could mean for the country
Two months after the fall of the Berlin Wall in 1989, McDonald’s — the very symbol of Western capitalism — opened its first store in the Soviet Union. It was a big moment, and the restaurant drew large crowds. More than 30 years later, amid pressure from U.S. consumers to protest Russia’s invasion of Ukraine, […]
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McDonald’s is about to report earnings. Here’s what to expect
McDonalds and other local stores remain shuttered due to COVID-19 at Times Square on April 13, 2020 in New York, NY. Eduardo Munoz | Getty Images McDonald’s is expected to report its first-quarter earnings before the bell on Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $2.17 expected Revenue: […]
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Chipotle earnings beat estimates as customers paid more, helping offset surging costs
A customer sits outside of a Chipotle restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill’s quarterly earnings and revenue topped Wall Street’s estimates, fueled by consumers’ willingness to pay more for their burritos and bowls. Shares of the company rose 2% […]
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PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised its full-year forecast for […]
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Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers […]
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U.S. labor board sues Starbucks over union retaliation claims
Members react during Starbucks union vote in Buffalo, New York, U.S., December 9, 2021. Lindsay DeDario | Reuters U.S. labor officials are petitioning a federal court to force Starbucks to bring back activist employees who they say were removed for their union campaigning, according to a Friday filing. The National Labor Relations Board’s Phoenix chief […]
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Carl Icahn calls out Wall Street ‘hypocrisy’ over ESG investing in letter to McDonald’s shareholders
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn released his letter to McDonald’s shareholders on Thursday, calling out compensation among the company’s top ranks and Wall Street firms for their ESG investing policies. It’s the latest development in Icahn’s animal-welfare battle with the […]
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Starbucks’ union battle is getting aggressive and expensive, and Wall Street is backing away
Members react during Starbucks union vote in Buffalo, New York, U.S., December 9, 2021. Lindsay DeDario | Reuters When Starbucks announced Howard Schultz would return to the company as interim CEO, investors cheered. His first tenure as chief executive turned the company into a global brand and his second, years later, revived both the business […]
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