Yum! Brands Inc
McDonald’s U.S. head says California fast-food bill unfairly targets big chains
A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images The head of McDonald’s U.S. on Wednesday publicly criticized a landmark California bill that would give the state more control over pay for fast-food workers, saying it unfairly targets big chains. The […]
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Chipotle Mexican Grill tests spicy chicken al pastor in two markets
Chipotle Mexican Grill is testing Chicken Al Pastor Source: Chipotle Mexican Grill Chipotle Mexican Grill is cranking up the heat on its grilled chicken. The restaurant chain said Tuesday it’s testing a new chicken al pastor menu item in 94 restaurants across the Denver and Indianapolis regions. The al pastor option is spicier than Chipotle’s […]
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Panera Bread tests artificial intelligence technology in drive-thru lanes
A Panera Bread location in Spring Hill, Florida. Jeff Greenberg | Universal Images Group | Getty Images Starting Monday, drive-thru customers at two Panera Bread locations in upstate New York will have their orders taken by a computer in a test of artificial intelligence technology’s accuracy and ability to decrease service times. The sandwich chain […]
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Breakfast sales hold steady as people heading back to offices cut back elsewhere
Consumers may be dining out less, but breakfast sales are holding steady as people return to offices and grab a quick bite or iced coffee on the way to work. Overall traffic to restaurants fell 2% in the second quarter from a year ago as inflation drove menu prices up, according to market research firm […]
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Cramer’s lightning round: I prefer McDonald’s over KFC parent Yum Brands
Verizon: “I’m not crazy about it. It does yield 5.85%. They have the ability to raise the dividend, but I think over time it’s a wasting asset. If it does jump to like $45 or $46, I think you’re going to have to let it go. I’m very sorry.” Marvell Technology: “They did a good […]
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McDonald’s says it’s planning to reopen some restaurants in Ukraine
People are stand queue to McDonald’s in central Kyiv, Ukraine, on 29 May, 2020. STR | Nurphoto | Getty Images McDonald’s said Thursday that it is planning a phased reopening of some of its restaurants in Ukraine, where the company noted other businesses are safely operating. The fast-food company said in a message posted to […]
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Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian […]
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Burger King parent says more customers are redeeming coupons and loyalty rewards
A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and loyalty program rewards as inflation pushes menu prices higher. Restaurant Brands International CEO Jose Cil told CNBC that the company hasn’t seen […]
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The great unrest: How 2020 changed the economy in ways we can’t understand yet
In an earnings call Wednesday morning, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what’s going on with the U.S. economy right now: “This is truly one of the most complex environments we’ve ever seen in our industry to operate in. Because we’re not just […]
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Yum Brands reports mixed results, stronger sales for Taco Bell
A woman walks past a Taco Bell Cantina on July 30, 2020 in New York City. Alexi Rosenfeld | Getty Images Yum Brands on Wednesday reported mixed quarterly results, but said Taco Bell had stronger sales. Shares of the company rose nearly 2% in premarket trading. Here’s what the company reported compared with what Wall […]
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