A Ruth's Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty ImagesDarden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner's...
A Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally...
A KFC restaurant in Wuhan, China.Source: Yum ChinaWhile economists and investors fret over China's low consumer confidence and sluggish growth, Yum China CEO Joey Wat says the Chinese consumer is growing more rational — and has been for years. Weighed down by investors' concern about the broader Chinese economy,...
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.Kevin Dietsch | Getty ImagesStarbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May...
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City.Spencer Platt | Getty ImagesCava's stock rose 7% Tuesday morning after the Mediterranean restaurant chain released its earnings report...
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodiumSource: Beyond MeatBeyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers.The unveiling Wednesday comes at...
The exterior of Starbucks' new Union Market locationSource: StarbucksStarbucks has unveiled a new store design focused on accessibility and inclusion, with fresh light fixtures and open floor plans.The coffee giant opened the first location with the new design on Friday in Washington, D.C.'s Union Market."Designing for disabilities is just...
James Quincey, CEO of Coca-Cola Co., speaking on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 18, 2023.Adam Galica | CNBCInflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said...
A general view of a Tim Hortons Drive-Thru coffeehouse and restaurant at Lakeside Retail Park on February 5, 2024 in Grays, United Kingdom.John Keeble | Getty ImagesRestaurant Brands International reported quarterly earnings and revenue that beat analysts' expectations on Tuesday, fueled by stronger-than-expected Tim Hortons sales.Shares of the company were unchanged...
Bottles of Coca-Cola are displayed in San Anselmo, California, on April 24, 2023.Justin Sullivan | Getty ImagesCoca-Cola is expected to report its fourth-quarter earnings before the bell Tuesday.Here's what Wall Street analysts surveyed by LSEG, formerly known as Refinitiv, are expecting:Earnings per share: 49 cents expectedRevenue: $10.68 billion expectedInvestors...