LOS ANGELES, Nov 5 (Reuters) – Shake Shack Inc,
known for its antibiotic-free hamburgers and indulgent sides, on
Thursday said sales at established restaurants jumped more than
expected in the third quarter, sending its shares up 7 percent
in extended trade.
The New York-based chain, founded by celebrity restaurateur
Danny Meyer, said same-restaurant sales were up 17.1 percent,
easily topping analysts’ average call for a rise of 10.6
percent, according to research firm Consensus Metrix.
Nov 5 (Reuters) – Bakery-cafe chain Panera Bread Co
will stop using eggs laid by caged hens by 2020, following
similar moves from McDonald’s Corp and other large U.S.
The commitment from Panera, a chain with more than 1,900
restaurants, comes as major U.S. restaurant companies are
switching to meat and eggs from animals that are raised more
humanely and fed fewer antibiotics.
(Reuters) – Big changes are coming to Whole Foods Market Inc (WFM.O: Quote, Profile, Research, Stock Buzz) as the natural and organic grocery pioneer revamps its pricing and modernizes its business to fend off widespread competition and bolster same-store sales, which unexpectedly fell in the latest quarter.
The same-store sales drop hit shares, which fell 6.2 percent to $28.86 in extended trading.
Nov 4 (Reuters) – Whole Foods Market Inc on
Wednesday said same-store sales contracted in the fiscal fourth
quarter, as it grapples with competition among its own stores
and from mainstream retailers, and shares fell more than 6
Whole Foods, which is fighting to shake its high-price
“Whole Paycheck” reputation while maintaining its grip on the
popular natural and organic grocery category it pioneered, has
become one of the biggest turnaround stories in the U.S. food
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s food poisoning outbreak in Washington state and Oregon threatens to scare diners away from the popular burrito chain and has become fodder for one of its most vocal critics.
Health officials are scrambling to identify the cause of the E. coli food poisoning that has sickened 35 people who ate at eight Chipotle restaurants in the greater Seattle and Portland areas.
LOS ANGELES, Nov 3 (Reuters) – The number of confirmed E.
Coli food poisoning cases linked to Chipotle Mexican Grill Inc
in Oregon and Washington state rose to 35 on Tuesday, as
the company announced steps to improve food safety.
Chipotle, which is grappling with its third food safety
incident this year, has closed all its 43 restaurants located in
and around Seattle and Portland because of the E. coli O26
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc is now linked to 12 confirmed cases of E. coli food poisoning in Oregon, state health officials said on Tuesday.
One-fourth of the cases have involved hospitalizations, Oregon Health Authority officials said.
LOS ANGELES (Reuters) – Chipotle Mexican Grill Inc’s (CMG.N: Quote, Profile, Research, Stock Buzz) shares touched their lowest level since July after the popular burrito chain said it closed 43 restaurants in Seattle and Portland, Oregon, amid an investigation into an E. coli food poisoning outbreak.
Shares in the high-flying restaurant company touched a low of $608.52 in early trading on Monday and were last off 2.6 percent at $623.47 after midday (1700 GMT) as investors and analysts fretted that food safety concerns could scare diners away from its over 1,900 restaurants in the United States.
NEW YORK/LOS ANGELES Nov 1 (Reuters) – Chipotle Mexican
Grill Inc said on Sunday it had closed all its
restaurants in two West Coast markets due to a reported outbreak
of E. coli bacteria that is being investigated by the company
and health authorities.
“After being notified by health department officials in the
Seattle (Wash.) and Portland, Ore. areas that they were
investigating approximately 20 cases of E. coli, including
people who ate at six of our restaurants in those areas, we
immediately closed all of our restaurants in the area out of an
abundance of caution,” Chipotle said in an emailed statement.
(Reuters) – Peet’s Coffee & Tea [PEETC.UL] will expand its reach in the premium “third wave” coffee sector with the purchase of a majority stake in Intelligentsia Coffee, the two chains said on Friday.
The deal is the second this month for Peet’s, which soon plans to close on its deal to buy Stumptown Coffee Roasters from private equity firm TSG Consumer Partners.