Getty Images (L) | Reuters (R) Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles. As fast food gets pricier, the nation’s largest grocer sees a sales opportunity. On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the discounter’s sales growth … Read more
It’s also completely plausible that the chicken will fly off the shelves. Even though it only contains 3 percent animal cells, it’s likely that production will be extremely limited. Eat Just, which owns Good Meat, has been in serious financial difficulties for some time, and it is under serious pressure to cut costs and show … Read more
TAIPEI, TAIWAN – 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will acquire the Taiwan business of Delivery Hero-owned Foodpanda for … Read more
A McDonalds located on Santa Monica Blvd in Los Angeles, California, April 1, 2024. Robert Gauthier | Los Angeles Times | Getty Images McDonald’s is working to introduce a value meal in U.S. stores to help offset an increasingly challenging environment for consumers, two people familiar with the matter told CNBC. The people said the … Read more
People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged 35% on Friday after the company topped Wall Street’s revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of … Read more
When you make a mistake in this business you can do one of two things: You can cut your losses and move on or you can stand your ground while rethinking where it went wrong. I am on the fence about which one is better, but it’s easy to see why the first approach — … Read more
In late March, the US Department of Agriculture (USDA) announced it had detected cases of bird flu in dairy cattle. Initially discovered in dairy farms in Texas, Kansas, and New Mexico, there are now 36 confirmed outbreaks in dairy herds in nine states. Although the H5N1 virus circulates widely in wild birds, it is now … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market check: Stocks surged Wednesday afternoon … Read more
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023. Denis Lovrovic | AFP | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations. The beverage giant also raised its full-year outlook for organic revenue. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported … Read more
Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn’t come easy for Pang Gek Teng. The 35-year-old serial entrepreneur went through five failed business attempts before her efforts to build a multimillion-dollar grocery store chain in Singapore finally bore fruit. Today, she is the proud founder and CEO of Surrey Hills Grocer, an … Read more
