Tag: Restaurants

McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years

McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees.

Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine-dining sales

Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter as the owner of Ruth’s Chris Steak House.

Starbucks Raises Quarterly Dividend by 7.5%

Starbucks raised its quarterly dividend to 57 cents from 53 cents, an increase of about 7.5%.

Howard Schultz Will Retire From Starbucks Board

Howard Schultz is stepping down from Starbucks ‘ board of directors, the company said Wednesday.

Cava shares surge as Mediterranean restaurant chain swings to a profit in first report since IPO

Cava on Tuesday posted a profitable quarter for its first earnings report since its initial public offering in June.

Starbucks sees a big rebound in China, but results fail to impress investors

Shares of Starbucks Corp. fell after hours Tuesday after the coffee chain reported third-quarter same-store sales that missed expectations, despite a big rebound in China.

McDonald’s earnings top estimates as mascot Grimace fuels U.S. sales

McDonald’s on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its China sales rebound and mascot Grimace drives U.S. visits.

Domino’s Pizza misses revenue estimates as higher prices squeeze demand

July 24 (Reuters) – Domino’s Pizza (DPZ.N) missed Wall Street estimates for second-quarter revenue on Monday, as elevated delivery fees and higher prices to boost margins hurt demand for its pizzas and chicken wings.


Starbucks strike over Pride decor follows LGBTQ anger on hours, benefits

Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting LGBTQ+ Pride month.

Starbucks union says workers at more than 150 stores will strike over Pride decor

Some organized Starbucks stores will strike across the U.S. starting Friday in Seattle after the coffee giant and the union representing baristas publicly clashed over claims that the company was not allowing Pride month decor in cafes.

Olive Garden parent earnings beat estimates, fueled by strong LongHorn Steakhouse sales

Darden Restaurants on Thursday reported quarterly earnings that topped Wall Street’s expectations, fueled by strong LongHorn Steakhouse sales.

Consumers are more likely to cut back on restaurant visits than trade down to fight inflation, report says

During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options.