Customers arrive at an Olive Garden location in San Antonio, Texas.Callaghan O'Hare | Bloomberg | Getty ImagesCasual-dining chains are gaining customers who have grown frustrated with higher fast-food prices, Darden Restaurants CEO Rick Cardenas said on Thursday.While Darden itself hasn't benefited from the shift, its competitors, like Chili's owner...
Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida. Universal Images Group | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as Olive Garden's same-store sales fell for the second consecutive quarter.Shares of the company rose more than 1%...
Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Ferley Ospina | Bloomberg | Getty ImagesThere's pricing pressure taking hold of a specific corner of global agriculture — and it's bittersweet.Prices of cocoa have more than...
John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.Leigh Vogel | Getty ImagesTyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was...
The purple coloring of CosMc's Tropical Spiceade comes from the mix of lemonade, pineapple flavoring and dragonfruit.Nearly six months since McDonald's opened its first CosMc's location, the hours-long drive-thru lines have died down, but the chain is just getting started.The burger giant created the spinoff using one of its...
Vital Pursuit's Garlic Herb Grilled Chicken BowlSource: Nestle North AmericaNestle is launching a new frozen-food brand, Vital Pursuit, aimed at the growing market of consumers who are using GLP-1 drugs like Ozempic and Wegovy.Over the last year, the buzzy weight loss and diabetes drugs have taken off as more...
Smokey Bones at Broadcasting Square. Tim Leedy | Medianews Group | Getty ImagesFat Brands said Tuesday it has confidentially filed to take its Twin Peaks and Smokey Bones restaurant chains public through an initial public offering, less than a week after federal authorities charged the restaurant company and its chair...
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023.Jeenah Moon | The Washington Post | Getty ImagesHigh-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting...
Federal authorities on Friday charged Fat Brands and its chair Andy Wiederhorn of committing a brazen scheme that netted him $47 million in bogus loans from the restaurant company that owns Fatburger, Johnny Rockets and Twin Peaks.Fat Brands, Wiederhorn and a few other people were criminally indicted by a...
A Big Mac is displayed on a page of the McDonald's appDaniel Acker | Bloomberg | Getty ImagesMcDonald's U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on...