PepsiCo (PEP) earnings Q2 2024 earnings

PepsiCo (PEP) earnings Q2 2024 earnings

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

McDonald’s, Yum, Wendy’s test tech

McDonald’s, Yum, Wendy’s test tech

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

Inside Starbucks plans to improve stores

Inside Starbucks plans to improve stores

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

Next food and beverage trends include honey, tinned fish

Next food and beverage trends include honey, tinned fish

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

McDonald’s reveals items in new $5 Meal Deal

McDonald’s reveals items in new  Meal Deal

(NEXSTAR) – McDonald’s on Thursday revealed details of its upcoming $5 Meal Deal, a new value item created to address concerns over rising prices at U.S. fast food restaurants. McDonald’s revealed the components of its $5 Meal Deal on Thursday. (McDonald’s) “We heard our fans loud and clear — they’re looking for even more great … Read more

Fast food diners switch to casual chains, Darden CEO says

Fast food diners switch to casual chains, Darden CEO says

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Casual-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 Brinker International and … Read more

Darden Restaurants (DRI) Q4 2024 earnings

Darden Restaurants (DRI) Q4 2024 earnings

Olive Garden Italian restaurant sign showing company logo, Spokane Valley, Washington, owned by Darden Restaurants Incorporated headquartered in Florida.  Universal Images Group | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as Olive Garden’s same-store sales fell for the second consecutive quarter. For fiscal 2025, Darden is forecasting that its same-store sales will … Read more

Candy makers face steep cocoa prices, get creative

Candy makers face steep cocoa prices, get creative

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 Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the … Read more

Tyson Foods suspends CFO John R. Tyson after second arrest

Tyson Foods suspends CFO John R. Tyson after second arrest

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 Images Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while … Read more