Tag: Restaurants

Activist investor Starboard Value has a stake in Starbucks the Wall Street Journal reported on Friday, adding that it wants the coffee giant to take steps to improve its stock price.

 Restaurant Brands International beat Wall Street expectations for second-quarter revenue on Thursday, benefiting from steady demand at its Tim Hortons coffee outlets even as Burger King stutters in the midst of an overhaul.

Yum Brands on Tuesday reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales.

Starbucks sales dropped 3% globally at stores open for at least a year, including a 2% drop in its home North America market. And that masked how steep the decline was for Starbucks last quarter: Total transactions at North American stores open at least a year fell 6% in the quarter. That was offset, in part, by higher prices.

McDonald’s on Monday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales declined across every division.

McDonald’s will extend its $5 value meal in most U.S. markets, saying the deal is helping to boost traffic.

Domino’s Pizza said on Thursday it would open fewer stores than expected in its key international markets as the pizza giant struggles with muted demand from cost-conscious consumers.

Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC struggled to attract customers.

Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales.

McDonald’s fell short of Wall Street estimates for first-quarter sales on Tuesday as budget-conscious consumers cut back on restaurant meals and the Middle East conflict weighed on the burger chain’s international sales.

Domino’s Pizza reported first-quarter results on Monday morning that beat Wall Street forecasts on both the top and bottom line.

McDonald’s is planning to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026, the chains announced Tuesday.

Darden’s quarterly earnings met Wall Street expectations, but its revenue fell short of estimates.

Domino’s Pizza reported better-than-expected earnings for the fourth quarter as the company continues to seek growth despite inflationary pressures.

Burger King owner Restaurant Brands International topped estimates for its fourth-quarter earnings and revenue.

McDonald’s reported its first quarterly sales miss in nearly four years on Monday, squeezed by weak sales growth in its business division that includes the Middle East, China and India.

When it rains, it pours. And it rained pretty heavily on Starbucks in the last leg of the year, prompting the company to miss first-quarter earnings expectations and lower its revenue guidance for the rest of the fiscal year.

 McDonald’s CEO Chris Kempczinski said on Thursday several markets in the Middle East and some outside the region were experiencing a “meaningful business impact” due to the Israel-Hamas conflict as well as “associated misinformation” about the brand.

Darden Restaurants on Friday reported quarterly earnings that beat expectations and raised its annual guidance, helped by sales growth at chains like Olive Garden and LongHorn Steakhouse.

Restaurant Brands International on Friday reported weaker-than-expected quarterly revenue, hurt by Burger King’s disappointing same-store sales growth.