Anna Elias | Moment | Getty Images Premixed cocktails were the fastest-growing spirits category in 2021, stealing share from beer and hard seltzer. Sales of premixed cocktails surged 42.3% to $1.6 bil...
Tag: restaurants
Starbucks CEO Kevin Johnson on why Chinese sales were weak
Reduced international travel and low traffic to office buildings weighed on Starbucks’ same-store sales in China, CEO Kevin Johnson said Wednesday. “Our stores that are in airports in the ...
Crypto Community friesDAO Seeks to Acquire Fast Food Restaurants
Cheyenne, Wyoming, 2nd February, 2022, FriesDAO, a decentralized autonomous organization is testing whether an open community can successfully run a real-world, fast food enterprise. Intending to bri...
Bud Light Seltzer’s Super Bowl ad spotlights new line, stars Guy Fieri
Guy Fieri in Bud Light Seltzer Hard Soda’s Super Bowl commercial Source: Bud Light Bud Light Seltzer is hoping that a Super Bowl ad starring celebrity chef Guy Fieri will help jump-start sales i...
Restaurant recovery is being slowed by labor, supply costs
Robert Freeman is hopeful Congress will replenish the Restaurant Revitalization Fund as his restaurant continues to struggle in the pandemic. Kate Rogers | CNBC Rising labor and food costs are chippin...
Starbucks (SBUX) Q1 2022 earnings miss
The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California. Justin Sullivan | Getty Images Starbucks on Tuesday reported quarterly earnings that missed...
McDonald’s (MCD) Q4 2021 earnings miss estimates
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported qu...
McDonald’s McPlant burger made with Beyond Meat sold better than expected
McDonald’s McPlant Burger Courtesy: McDonald’s McDonald’s McPlant burger is more popular than initially expected, according to Piper Sandler analyst Michael Lavery. In December, part...
Coca-Cola and Molson Coors to make spiked lemonade under Simply brand
Simply Spiked Lemonade Courtesy: Molson Coors Coca-Cola and Molson Coors Beverage are teaming up again, this time for a new line of alcoholic drinks under the Simply brand. The two companies announced...
A food guide to the Thai capital
Bangkok revels in its status as a culinary mecca. From wizened street vendors who perform alchemy with sizzling woks to whiz-kid chefs who are shaping the fine dining scene, the city lays claim to one...
National Restaurant Association asks Congress for aid amid omicron
People dine at an outdoor dining patio set up at a restaurant on March 18, 2021 in New York City. Angela Weiss | AFP | Getty Images The National Restaurant Association is asking Congress to replenish ...
Lab-grown meat start-ups hope to make strides in 2022
Josh Tetrick, co-founder and CEO of cultivated meat start-up Eat Just, has a vision: He imagines a day when meat grown in a lab is available everywhere from Michelin-star restaurants to street vendors...
PepsiCo and Beyond Meat’s joint venture will reportedly launch a plant-based jerky
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat and PepsiCo&...
Starbucks won’t require vaccination or weekly testing after court ruling
People wear protective face masks outside Starbucks in Union Square in New York. Noam Galai | Getty Images Starbucks has suspended its plan to require baristas to get vaccinated or receive weekly test...
Procter & Gamble plans more price hikes for Tide and other products
Procter and Gamble Co. Pampers brand baby diapers are arranged for a photograph taken in Hastings on Hudson, New York, U.S., on Saturday, Oct. 17, 2020. Tiffany Hagler-Geard | Bloomberg | Getty Images...
Procter & Gamble (PG) Q2 2022 earnings
Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Wednesday reporte...
Rapidly rising food prices may give restaurants an edge—here’s why
Erick Williams, chef/owner of Virtue restaurant in Chicago’s Hyde Park, preps a beet salad on Feb. 4, 2021. Jose M. Osorio | Chicago Tribune | Tribune News Service | Getty Images Food prices are...
Domino’s Pizza sees soaring food costs in 2022, backs long-term outlook
An employee moves a pizza to an oven at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza said it expects higher food prices ...
Coca-Cola and Constellation Brands team up to create alcoholic Fresca cocktails
Bottles of Coca-Cola Co. Fresca brand soda move along a conveyor belt at the Swire Coca-Cola bottling plant in West Valley City, Utah, U.S., on Friday, April 19, 2019. George Frey | Bloomberg | Getty ...
Taco Bell launches taco-a-day subscription program nationwide to drive visits
A Taco Bell restaurant stands along a Queens street on July 21, 2021 in New York City. Spencer Platt | Getty Images Taco Bell is launching a taco-a-day subscription program nationwide Thursday to driv...
KFC to launch plant-based fried chicken made with Beyond Meat nationwide
KFC’s new Beyond Fried Chicken KFC KFC restaurants nationwide will add Beyond Meat’s plant-based chicken to its menus, starting Monday for a limited time. The national launch comes after y...
Monday’s worst-performing stocks in the S&P 500 are down as much as 42% for 2022
Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average DJIA, -2.92% was down a...