Restaurants
Darden Restaurants beats earnings estimates, as Olive Garden parent predicts growth in 2026
Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Friday beat Wall Street’s earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026. Shares of Darden rose more than 2% in premarket […]
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General Mills to remove artificial colors from all its U.S. cereals and foods
Boxes of sugary cereal, including those from General Mills, fill a store’s shelves on April 16, 2025, in Miami, Florida. Joe Raedle | Getty Images General Mills said on Tuesday it would remove artificial colors from its full U.S. retail portfolio by the end of 2027. The Cheerios maker also said it would remove synthetic dyes from […]
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Yum! Brands names CFO Chris Turner as its next CEO
Yum Brands logo Dado Ruvic | Reuters Yum! Brands on Tuesday named Chief Financial and Franchise Officer Chris Turner as its next CEO, effective October 1. He will replace David Gibbs, who announced his retirement earlier this year. Gibbs has led Yum since 2020 and will stay on as an advisor through 2026. Turner joined […]
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Starbucks moves to the next phase in its turnaround: Winning over employees
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024. Jakub Porzycki | Nurphoto | Getty Images As Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally. Since CEO […]
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Starbucks and Luckin are vying to win the coffee wars. I tested both out
Here’s my first dilemma of the day: the new Luckin Coffee near my office in Hong Kong wants me to download their app for a $2 drink. Without it, it’s $3.75. Fine. I register, get a WhatsApp code and scroll through their menu: fruity Americanos, a seasonal kale tea and the coconut milk latte — […]
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Shares of scandal-plagued Brazilian meat giant JBS open at $13.65 in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty Images Shares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share. The opening trade values the company at roughly $30 billion, outstripping rival Tyson Foods’ market […]
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Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | Reuters LAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said […]
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Starbucks to roll out Microsoft Azure OpenAI assistant for baristas
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Starbucks plans to roll out a generative artificial intelligence assistant created with Microsoft Azure’s OpenAI platform to 35 locations this month as part of its strategy to simplify baristas’ jobs and speed up […]
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China’s homegrown coffee giants are brewing up a U.S. expansion
Chinese beverage chains are redefining coffee culture in the country — and now they’re trying to win over customers in the U.S. and beyond. Luckin Coffee, China’s largest coffee chain, has expanded aggressively in China and overtaken Starbucks on the mainland, with more than twice as many outlets. Following an accounting fraud scandal that got the company […]
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Chipotle to launch Adobo Ranch dip after sluggish start to the year
Chipotle Mexican Grill’s new Adobo Ranch dip Source: Chipotle Mexican Grill Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales. On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu […]
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