Restaurants
Chipotle price hikes drive profit growth – and the chain says more increases are coming
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported disappointing sales as price hikes helped boost profits but may have scared away inflation-weary customers. The company also said it would raise prices again in August, indicating that costs keep rising for […]
Read More
Coca-Cola’s earnings top expectations as sales volume recovers from pandemic
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the beverage giant’s sales at restaurants, theaters and other venues recovered from the pandemic. Here’s what the company reported, versus what Wall Street analysts surveyed […]
Read More
McDonald’s earnings are out – Here are the numbers
\A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s reported its second-quarter earnings before the bell on Tuesday. Here are the numbers: Adjusted earnings per share: $2.55. Wall Street analysts surveyed by Refinitiv expected $2.47, which may not be comparable. […]
Read More
Chipotle announces investments in startups focusing on kitchen automation, plant-based alternatives
Hypen automated kitchen solutions. Courtesy: Hyphen Chipotle said Thursday it’s investing in two companies that have the potential to accelerate its growth — one that automates kitchen operations and another that makes plant-based versions of chicken and steak with mushrooms. The Newport Beach, California-based company said Cultivate Next, its $50 million venture fund, will invest […]
Read More
Domino’s earnings miss expectations as pizza chain cites tough labor market, higher costs
An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported mixed quarterly results as the pizza chain struggled with higher costs and an ongoing shortage of delivery drivers. The Ann Arbor, Michigan-based company also said it’s […]
Read More
Chipotle union files complaint with labor board after chain shutters Maine restaurant seeking to organize
A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images A union pushing to organize workers at Chipotle Mexican Grill has filed a complaint with the National Labor Relations Board after the burrito chain said it would permanently close […]
Read More
McDonald’s franchisees polled by an owners group overwhelmingly support no-confidence vote on CEO
Chris Kempczinski, McDonald’s, speaks during a press conference in New York, November 17, 2016. Shannon Stapleton | Reuters McDonald’s franchisees unhappy with changes being made to ownership terms are expressing a lack of confidence in the company’s CEO and U.S. president, according to a new survey of owners that was viewed by CNBC. The National […]
Read More
Buy Yum Brands to defend against a slowdown in consumer spending, Goldman Sachs says
Yum Brands is well-positioned to navigate the murky road ahead for restaurant stocks even as a slowdown in consumer spending looms, according to Goldman Sachs. Analyst Jared Garber upgraded shares of the Pizza Hut and Taco Bell owner to buy. The analyst also hiked his price target on the stock to $135 per share, implying […]
Read More
Restaurants are short-staffed, and that’s taking a big toll on customers and workers alike
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables are visibly open. “Another restaurant we went to had open seats outside, but when we went to the host, they mentioned […]
Read More
Investors bet on meat grown in a lab as interest in plant-based foods cools
Investors want meat production to look more like the pharmaceutical industry than agriculture. Cultured meat, also known as cultivated, cell-based or lab-grown protein, is made by putting stem cells from the fat or muscle of an animal into a culture medium that feeds the cells, allowing them to grow. The medium is then put into […]
Read More