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Baristas at more than 200 Starbucks locations are striking on Red Cup Day, a busy promotion for the coffee chain.
2 months ago
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Shares of the doughnut chain were down 10% in morning trading after the company’s third-quarter earnings and revenue fell short of Wall Street’s estimates.
2 months ago
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Burger King parent Restaurant Brands International’s quarterly revenue fell short of Wall Street’s expectations.
3 months ago
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The company’s same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
3 months ago
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The announcement marks the latest stage in the company’s broader “reinvention” strategy, which was laid out by former CEO Howard Schultz.
3 months ago
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Yum’s same-store sales grew 6% in the quarter, helped by strong sales at Taco Bell’s U.S. locations and KFC’s international restaurants.
3 months ago
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McDonald’s third-quarter earnings and revenue beat Wall Street’s estimates.
3 months ago
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McDonald’s CEO Chris Kempczinski said the minimum wage hike could help the burger chain gain market share in California in the long term.
3 months ago
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The beverage leaders’ stocks have struggled this year as investors worry about higher interest rates and the possible negative impact of weight loss drugs.
3 months ago
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Beef and queso costs rose this quarter, largely offsetting last year’s menu price hikes.
3 months ago
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Panera Bread founder Ron Shaich’s new book “Know What Matters” looks back on his career and argues companies should rethink IPOs.
3 months ago