Darden Restaurants (NYSE: DRI) reported better-than-expected second-quarter earnings Friday as consumers continued to eat out despite rising inflation. Furthermore, the company raised its earnings forecast for fiscal 2023 to a range between USD10.3 Billion and USD10.45 Billion from its previous estimate of anywhere from USD10.2 Billion to USD10.4 Billion. Darden shares dipped over 3% amid …
McDonald’s (NYSE: MCD) reported strong third-quarter earnings Thursday as traffic to its U.S. restaurants is growing. The company’s shares rose approximately 4% during early morning trading amid the news. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”MCD” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MCD” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The multinational fast food chain reported …
McDonald’s Earnings Surpass Analysts’ Expectations Read More »
Beyond Meat (NASDAQ: BYND) will be introducing a steak substitute in grocery stores on Monday. The new addition will be available nationwide at over 5,000 Kroger and Walmart locations, as well as Albertsons, Ahold Delhaize, Jewel-Osco, Sprouts, and other local grocers. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”BYND” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”BYND” range=”1mo” interval=”1d” axes=”true” …
PepsiCo (NASDAQ: PEP) increased its forecast for the year as higher prices helped boost the company’s revenue for the third quarter. The snack and beverage maker’s shares rose about 2% during pre-market trading. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”PEP” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”PEP” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The multinational …
PepsiCo Raises Forecast Amid Positive Q3 Earnings Results Read More »
Darden Restaurants (NYSE: DRI) reported mixed first-quarter results on Thursday but stood by its original fiscal 2023 outlook, anticipating that inflation will level out in the next quarter. The multi-brand restaurant operator, which is the parent company of Olive Garden and LongHorn Steakhouse, net sales rose 6.1% throughout the quarter. Shares fell 2.5% during early …
Taco Bell (NYSE: YUM) and Beyond Meat announced their first collaboration: Beyond Carne Asada Steak. The new menu item will be tentatively available at dozens of restaurants in Dayton, Ohio, starting next month. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”YUM” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”YUM” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] The vegan …
Taco Bell and Beyond Meat to Test New Beyond Carne Asada Steak Read More »
McDonald’s (NYSE: MCD) is said to be altering how it awards franchises as a means of attracting more diverse applicants. The latest adjustment is how the fast-food chain’s management supervises its franchisees. [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”MCD” api=”yf”] [stock_market_widget type=”chart” template=”basic” color=”orange” assets=”MCD” range=”1mo” interval=”1d” axes=”true” cursor=”true” api=”yf” style=”width: 100%; height: 300px;”] Beginning next year, …
McDonald’s Strives to Attract more Diverse Candidates Read More »
Kraft Macaroni and Cheese, owned by Kraft Heinz (NASDAQ: KHC), is set to change its name after 85 years, to the shortened and more common version, “Kraft Mac & Cheese.” According to the company, the change is meant to “reflect the way fans organically talk about the brand.” [stock_market_widget type=”inline-label” template=”basic9″ color=”orange” assets=”KHC” api=”yf”] [stock_market_widget …
Kraft Macaroni and Cheese is Changing its Name and Packaging Read More »
The new Russian fast-food chain owned by Sistema PBO, formerly known as McDonald’s, has unveiled its new logo before relaunching. The new design features orange lines and a red-orange circle on a green background, which supposedly represents two sticks of yellow fries and a yellow-orange burger. Nevertheless, the company has yet to reveal the name …
Huy Fong Foods, the manufacturer of Sriracha Hot Chili Sauce, revealed that a shortage of chili peppers is set to impact the production of the popular sauce. The company revealed that climate change was part of the problem. “We are still endeavoring to resolve this issue that has been caused by several spiraling events, including …
