LOS ANGELES (Reuters) – Sandwich chain Subway for more than
15 years tied its fortunes to spokesman Jared Fogle and his
outsized, 60-inch waist jeans.
That once-successful relationship has dragged the privately
held restaurant chain into a child sex and pornography scandal,
but branding experts say Subway should be able to distance
itself from public anger after Fogle asked a federal judge on
Wednesday to accept his guilty plea on charges of possessing
child pornography and traveling for illicit paid sex with
Aug 18 (Reuters) – Yum Brands Inc on Tuesday
announced new leadership for its China business as investor
activists lobby for the owner of the KFC and Pizza Hut brands to
spin off that business, which is its biggest driver of revenue
The management change sent shares of Yum up 2.1 percent to
$86 in after-hours trading.
Aug 17 (Reuters) – McDonald’s Corp, which is
expected to offer all-day breakfasts starting this fall to turn
around slumping U.S. sales, is the top choice for
“Breakfastarians,” who crave breakfast food at any hour,
according to a new survey obtained by Reuters on Monday.
Forty-one percent of consumers who eat breakfast twice a day
consider McDonald’s for their next meal, according to the survey
from YouGov BrandIndex, a brand perception research service.
(Reuters) – Hamburger chain Shake Shack Inc (SHAK.N: Quote, Profile, Research, Stock Buzz), known for its indulgent hormone- and antibiotic-free burgers, rich shakes and crinkle-cut french fries, on Monday reported better-than-expected quarterly profit and sales, sending its shares up 8 percent in after-hours trading.
The New York-based company founded by celebrity chef Danny Meyer’s Union Square Hospitality Group, said sales at established restaurants soared 12.9 percent in the second quarter, far exceeding analysts’ call for a rise of 8.6 percent, according to research firm Consensus Metrix.
LOS ANGELES, Aug 4 (Reuters) – Call it the rise of the
“Breakfastarians” – the dining tribe that craves breakfast food
morning, noon and night.
Sales of morning standards such as coffee, pancakes and
doughnuts are feeding U.S. restaurant traffic growth, outpacing
lunch and dinner items. The trend is driven by an improving U.S.
job market, with more Americans on the go in the morning and
willing to spend on meals outside the home.
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.
(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.
(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.
(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.
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.