In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Keurig Dr Pepper reported quarterly earnings and revenue that met analysts’ expectations on Thursday as higher prices fueled its U.S. soda sales. Shares of the company rose 2% in premarket trading. Here’s what the … Read more
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s … Read more
Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter. For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to 9%. The company also raised its outlook for comparable earnings growth to a range of 5% to … Read more
In an aerial view, a customer walks by a sign as they leave a McDonald’s restaurant on April 03, 2023 in San Pablo, California. Justin Sullivan | Getty Images McDonald’s will extend its $5 value meal beyond its initial four-week window in most of its U.S. markets, as the fast food giant says the offer … Read more
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company’s share price, the Wall Street Journal reported Friday, citing people familiar with the matter. Representatives for Elliott declined to … Read more
Igor Golovniov | Getty Images Darden Restaurants will acquire Chuy’s Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday. Darden agreed to acquire all outstanding shares of Chuy’s at $37.50 per share, according to a press release. The Tex-Mex restaurant chain joins Darden’s portfolio that includes restaurants such as Olive Garden, … Read more
Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023. Jakub Porzycki | Nurphoto | Getty Images PepsiCo reported mixed quarterly results Thursday, hurt by declining demand in North America for its drinks and snacks. The company also narrowed its revenue outlook for the … Read more
The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely … Read more
Starbucks Coffee shop in Krakow, Poland on February 29, 2024. Beata Zawrzel | Nurphoto | Getty Images Starbucks cafes across the country are starting to change how they make drink orders, among other tweaks designed to reduce bottlenecks and long wait times that have dogged the chain. The overhaul comes as the coffee giant prepares … Read more
The budding trends in food sound like a return to the diet of cavemen: Fish is the hottest protein, honey is the flavor du jour and game meat is an upgrade to charcuterie boards. That’s according to the hundreds of items on display at the Summer Fancy Food Show, a trade show hosted by the … Read more
