It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...
Tag: restaurants
Loss Ballooned At China Tavern Chain Helens Amid Lockdowns
Women wearing face masks look at a smartphone as they stand on a street corner in Beijing on July 6. … [+] Residents of parts of Shanghai and Beijing have been ordered this month to undergo furt...
Trucking CEOs expect high prices, demand in second half of 2022
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor ...
There is deflation in some items as Wingstop notes dropping chicken wing prices
Three months ago, Wingstop put a shocker in its earnings release: It was seeing DEFLATION in bone-in chicken wing costs. The chicken chain reiterated the trend with its latest results Thursday morning...
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictu...
McDonald’s and Chipotle say customers are trading down, visiting less often as inflation hits budgets
McDonald’s and Chipotle Mexican Grill say customers squeezed by inflation are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could be hitting the br...
McDonald’s raises price of UK cheeseburger for first time in 14 years
McDonald’s has raised the price of its cheeseburgers in the U.K. for the first time in 14 years. Justin Sullivan | Getty Images News | Getty Images McDonald’s hiked the price of its cheese...
American Express Is Granting $1 Million To Back Historic Small Restaurants
American Express is granting over $1 million to backing historic small restaurants alongside the … [+] National Trust For Historic Preservation. American Express American Express and the Nationa...
Chipotle Mexican Grill (CMG) Q2 2022 earnings
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 ...
McDonald’s (MCD) Q2 2022 earnings beat estimates
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 on Tuesday said both price hikes and value item...
Coca-Cola (KO) Q2 2022 earnings
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 be...
From The Freezer Aisle To Marcos Pizza: Caulipower Enters Into Restaurants
Founder of CAULIPOWER, Gail Becker, with an assortment of CAULIPOWER products. Courtesy of CAULIPOWER CAULIPOWER is expanding out of the freezer aisle into Marco’s Pizza. The better for you pizz...
5 New Austin Hotel Restaurants Join City’s Bustling Food Scene
The bar at Lutie’s at the Commodore Perry Estate, Auberge Resorts Collection, boasts a selection of … [+] rare vintage liquors and spirits. Douglas Friedman It’s no secret that the Austin food s...
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 operation...
Domino’s Pizza (DPZ) Q2 2022 earnings
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 re...
McDonald’s franchise owners back no-confidence vote on CEO, survey says
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 owners...
Customer service suffers at short-staffed restaurants as Covid takes toll
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 ...
Starbucks Store Closings Spark Dispute With Unionizing Employees
Starbucks (SBUX) – Get Starbucks Corporation Report interim Chief Executive Howard Schultz is looking to the future. In a July 11 letter to employees Schultz laid out a new vision and principl...
Starbucks is set to close these 16 U.S. stores over safety concerns
Starbucks will close 16 U.S. stores, mostly on the West Coast, by the end of July because of safety concerns, according to the company. Most of the stores set to close are in the Los Angeles and Seatt...
Far from Putin’s claims of resilience, Russian economy is being hammered by sanctions and exodus of international companies, Yale report finds
Media reports trumpeting the resilience of the Russian economy in the face of the international response to its invasion of neighboring Ukraine are based on misunderstandings that don’t reflect what’s...