Starbucks on Tuesday reported first-quarter earnings and sales that, technically, missed Wall Street estimates — but it was hardly a surprise to investors, including us. Revenue for the three months ended Dec. 31 totaled $9.43 billion, below the $9.59 billion expected by analysts, according to LSEG. On a year-over-year basis, sales rose 8.2%. Starbucks’ adjusted … Read more
MIAMI, FLORIDA – JUNE 11: A Starbucks coffee cup sits on a table as the company reported supply shortages at some coffee shops on June 11, 2021 in Miami, Florida. The coffee chain said it had supply shortages for some items due to problems in the supply chain. (Photo by Joe Raedle/Getty Images) Joe Raedle … Read more
Starbucks is launching its beverages called Oleato in all U.S. stores. Courtesy: Starbucks Starbucks is launching its olive oil-infused drinks in all U.S. stores beginning Tuesday, the company said. The beverages, named Oleato, debuted in Italy in February 2023 after former CEO Howard Schultz visited the country and noticed locals drinking olive oil daily. The … Read more
A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images Chipotle Mexican Grill hopes to recruit 19,000 new employees to make its burritos and bowls this spring, the company said Wednesday. The company’s hiring target suggests it’s expecting an even busier … Read more
Containers of Oatly frozen desserts are displayed on a shelf at a Whole Foods store on November 15, 2021 in San Rafael, California. Justin Sullivan | Getty Images Oatly and Carvel said Monday they will partner to add oat-milk based items at the chain’s ice cream stores nationwide. The agreement is a boon for Oatly, … Read more
The drive-thru entrance to a Salad and Go location. Source: Salad and Go When Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the “McDonald’s of its generation.” But another salad rival could beat Sweetgreen to the punch: Salad and Go. Founded in 2013, the upstart … Read more
A ‘now hiring’ sign outside of a Wendy’s on October 08, 2021 in Miami, Florida. Joe Raedle | Getty Images Wendy’s has tapped PepsiCo veteran Kirk Tanner as its new chief executive, effective Feb. 5, as the burger chain tries to boost its share price and ease pressure from activist investors. Tanner is currently head … Read more
Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International is buying Carrols Restaurant Group, the largest Burger King franchisee in the U.S., for about $1 billion in cash. Restaurant Brands will pay $9.55 per share to acquire Carrols, which operates more than 1,000 … Read more
Build My Burgers founder Aly Lalani always knew that a typical desk job wasn’t for him. He wanted something more challenging and unpredictable. The 38-year-old has worked in the restaurant industry for the last 16 years, spending most of that time employed by other people — until 2021, when he opened Build My Burgers in … Read more
There’s a TikTok sound that accurately describes the mental gymnastics you face when you come upon a near-perfect space like Dae, Brooklyn’s newest, and perhaps most curious, design haven: “Shit, shit, shit.” Like many popular, pretty things on the Internet, it’s a mixed feeling of desire and anxiety; you want, but you also don’t want … Read more
