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Jul 29, 2015

Whole Foods growth cool in third quarter, stock falls

July 29 (Reuters) – Whole Foods Market Inc on
Wednesday said same-store sales growth cooled in the third
quarter as it battles competition in the natural and organic
grocery category it dominates, sending its shares tumbling 10
percent in after-hours trade.

The Austin, Texas-based chain’s same-store sales, a closely
watched performance gauge for retailers, were up just 1.3
percent on a constant currency basis for the quarter ended July
5, far less than the 2.8 percent gain expected by analysts
polled by Consensus Metrix.

Jul 28, 2015

Panera says restaurant sales heating up, shares pop

By Lisa Baertlein

(Reuters) – Panera Bread Co (PNRA.O: Quote, Profile, Research, Stock Buzz) said on Tuesday that restaurant sales accelerated in the current quarter, suggesting it is beginning to tackle a service slowdown that dented its results, sending shares in the popular bakery-cafe chain soaring 8 percent in after hours trading.

Panera, which is retooling its operations and technology to prevent long lines that turn off time-crunched diners, said sales at company-owned units open at least 18 months grew 4.7 percent for the first 27 days of the current third quarter.

Jul 23, 2015

Starbucks’ cafe sales growth drives profit higher

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) reported higher quarterly profit on Thursday, as new drinks like the “flat white” and food such as breakfast sandwiches and bistro boxes helped heat up sales in its dominant Americas region.

Sales at Starbucks shops open at least 13 months jumped 8 percent in the U.S.-dominated Americas unit for the fiscal third quarter ended June 28. Analysts polled by Consensus Metrix had expected a rise of 6.3 percent.

Jul 23, 2015

McDonald’s expects same-restaurant sales to improve in quarter

By Lisa Baertlein

(Reuters) – McDonald’s Corp’s (MCD.N: Quote, Profile, Research, Stock Buzz) new chief executive expects global sales at established restaurants to grow in the current quarter, reversing more than a year of declines, and said his turnaround plan was showing early signs of taking hold.

The world’s biggest fast-food chain, which popularized burgers and french fries, is battling nimble rivals who are doing a better job of meeting consumers’ growing appetite for fresher, less processed food.

Jun 19, 2015

Insight – Water wars in California’s coastal wine country

PASO ROBLES, CA (Reuters) – By most measures, California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the growing region around Paso Robles nearly quintupled to 37,408 acres, as vintners discovered that the area’s rolling hills, rocky soil and mild climate were perfect for coaxing rich, sultry flavours from red wine grapes.

Jun 19, 2015

Insight – Water wars in California’s coastal wine country

PASO ROBLES, CA (Reuters) – By most measures, California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the growing region around Paso Robles nearly quintupled to 37,408 acres, as vintners discovered that the area’s rolling hills, rocky soil and mild climate were perfect for coaxing rich, sultry flavours from red wine grapes.

Jun 19, 2015

Water wars in California’s coastal wine country

PASO ROBLES, CA, June 19 (Reuters) – By most measures,
California’s Central Coast wine industry is thriving.

Between 1990 and 2014, harvested wine grape acreage in the
growing region around Paso Robles nearly quintupled to 37,408
acres, as vintners discovered that the area’s rolling hills,
rocky soil and mild climate were perfect for coaxing rich,
sultry flavors from red wine grapes.

Jun 1, 2015

KFC China sues three companies amid eight-legged chicken rumors

By Lisa Baertlein

(Reuters) – Yum Brands Inc’s KFC unit in China said
on Monday it has sued three companies it claims are using a
popular messaging service to spread false rumors about the
fried-chicken chain, including allegations that its chickens
have six wings and eight legs.

The legal maneuver comes as KFC, which suffered two food
safety scares within two years, fights to win back customers in
China, which is Yum’s top market for revenue and profit.

May 28, 2015

Sanderson Farms CEO sees more pressure on chicken prices

May 28 (Reuters) – Sanderson Farms Inc, the
third-largest U.S. poultry producer, said lower prices for
boneless breasts and bulk leg quarters contributed to
softer-than-expected net sales and profit last quarter and
warned that a production ramp-up could leave processors with
more birds than they can handle this fall.

The news sent shares in Laurel, Mississippi-based Sanderson
down 3.5 percent to $81.56.

May 22, 2015

McDonald’s CEO gets grilled at first annual meeting

LOS ANGELES/BOSTON (Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research) shareholders defied executives at its annual meeting on Thursday, approving a proposal to make it easier to nominate directors to the board of the fast-food chain and taking its new CEO to task over wages, advertising and its food.

McDonald’s Chief Executive Steve Easterbrook, who took the helm on March 1, is fighting on numerous fronts as he works to turn around the company, which saw profit and revenue fall in 2014 after service times slowed and nimbler rivals picked off customers with menus that appeal to growing appetites for fresher, less-processed food.

    • About Lisa

      "Lisa writes about restaurants and grocery stores. She is based in Los Angeles and previously has covered computer software, Internet companies, video games, prescription drugs and municipal bonds."
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