A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going to…
Starbucks offers oat milk as a dairy-free option. Source: Starbucks starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some US customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives…
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant Bloomberg | Getty Images Chipotle Mexican Grill on tuesday reported mixed quarterly results despite another quarter of higher traffic to its restaurants. Shares of the company fell 3% in extended trading. Here’s what the…
McDonald’s Chris Kempczinski speaks about fresh beef expansion at a McDonald’s event in Oak Brook, Illinois. Richa Naidu reuters A week after health authorities publicly linked a deadly E. coli outbreak to McDonald’s Quarter Pounder burgers, the company’s CEO, Chris Kempczinski, told investors that the situation is now behind them. “How we’ve handled the issue,…
Republican presidential nominee and former US President Donald Trump works behind the counter during a visit to McDonalds in Feasterville-Trevose, Pennsylvania, US October 20, 2024. Doug Mills | Via Reuters Although President Donald Trump visited a Pennsylvania McDonald’s location on Sunday, the fast-food giant is trying to stay neutral in the presidential race. “As we’ve…
Himachal Pradesh government on Wednesday issued a directive regarding the mandatory display of outlet owners’ details. During a joint meeting with representatives from Public Works, Urban Development, and the Municipal Corporation, Public Works Minister Vikramaditya Singh emphasized that all shopkeepers and street vendors must display their identification, ANI reported. Also Read: Tirupati laddu row: Samples…
Darden Restaurants on Thursday reported weaker-than-expected quarterly earnings and revenue as sales weakened at Olive Garden and its fine dining restaurants. “While we fell short of our expectations for the first quarter, I firmly believe in the strength of our business,” CEO Rick Cardenas said in a statement. “I am confident in the actions all…
A BurgerFi location is seen on August 20, 2024 in Arlington, Virginia. Tierney L. Cross | Getty Images BurgerFi filed for Chapter 11 bankruptcy protection on Tuesday, less than a month after it warned investors it had “substantial doubt” about its ability to operate. The company joins the growing list of restaurant chains that have…
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024. Patrick T. Fallon AFP | Getty Images Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees, have filed for…
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 9% in extended trading. The stock has more than doubled its value this…
