Lisa's Feed
Jul 23, 2013

Starbucks and Danone team up to take on growing U.S. yogurt market

July 23 (Reuters) – Starbucks Corp and Danone SA
said on Tuesday they will sell a co-branded yogurt
through Starbucks cafes and in grocery stores as yogurt makers
and food companies battle for market share in the $7 billion
U.S. market.

The partnership comes as Starbucks pushes into the “health
and wellness” category and as Danone, owner of the Dannon brand,
and other yogurt makers seek to conquer the U.S. market, where
yogurt consumption per capita lags Europe.

Jul 23, 2013

Starbucks, Danone to sell co-branded yogurt starting in 2014

By Lisa Baertlein and Martinne Geller

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) and Danone SA (DANO.PA: Quote, Profile, Research, Stock Buzz) said on Tuesday they agreed to sell a co-branded yogurt through Starbucks cafes and in grocery stores as yogurt makers battle for dominance in the $7 billion U.S. market.

The partnership comes as Starbucks pushes into the “health and wellness” category and as Danone, owner of the Dannon brand, and other yogurt makers seek to conquer the U.S. market, where yogurt consumption lags Europe.

Jul 22, 2013

McDonald’s signals weak 2013 as U.S. rivals, Europe economy bite

By Lisa Baertlein

(Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) on Monday dashed investor hopes that its business would strengthen in the second half of the year, blaming tougher competition in the U.S. and weaker sales in Europe.

The world’s biggest restaurant chain by sales reported a lower-than-expected quarterly profit and said it expects global same-restaurant sales in July to be relatively flat, sending its shares down almost 3 percent in midday trading.

Jul 18, 2013

Analysis: Chipotle under attack by noodles and clones

LOS ANGELES (Reuters) – Chipotle Mexican Grill (CMG.N: Quote, Profile, Research, Stock Buzz) is one of the restaurant industry’s hottest stocks, but fickle diners and an ever-expanding selection of entrepreneurial eateries threaten to make it harder for the upscale burrito seller to keep delivering the explosive growth investors savor.

After two decades without significant direct challenges in the “fast-casual” category, Chipotle is bumping up against a bevy of new rivals that also sell $10 meals made right before diners’ eyes in the open assembly-line kitchens it popularized.

Jul 18, 2013

Chipotle restaurant sales accelerate, shares jump

By Lisa Baertlein

(Reuters) – Chipotle Mexican Grill Inc (CMG.N: Quote, Profile, Research, Stock Buzz) on Thursday reported a higher quarterly profit after sales at established restaurants rose due to more visits by diners, sending the stock more than 4 percent higher.

The fast-growing burrito seller also said it had no plans to raise prices for the rest of the year, disappointing some investors, who had hoped for an additional boost to sales and profits.

Jul 16, 2013

World Chef: Silk Road travels inspire LA’s Hinoki & the Bird

LOS ANGELES, July 16 (Reuters) – The exotic, earthy aroma
from smoking sheets of smoldering hinoki wood hovering over
exquisite black cod is the first hint that diners at celebrated
chef David Myers’ newest restaurant are in for a culinary
adventure.

Hinoki & the Bird, the Japanophile chef’s Silk Road-inspired
restaurant, borrows heavily from the travels of Myers and
Executive Chef Kuniko Yagi, who left banking a decade ago and
worked her way up from the kitchen’s lowest rungs to her
current, globe-trotting career.

Jul 10, 2013

Yum China sales recovering from food safety, bird flu concerns

July 10 (Reuters) – KFC parent Yum Brands Inc on
Wednesday reported a smaller than expected decline in June sales
at established restaurants in China, showing signs of recovery
after sales were drastically hit by a food safety scare and a
bird flu outbreak.

The company posted an estimated 10 percent drop in June
sales – a smaller decline than in May when sales began to
moderate. June results from China, the company’s most important
business unit, will be recorded in the current third quarter.

Jul 10, 2013

Yum China sales declines moderate, rebounding from bird flu scare

By Lisa Baertlein

(Reuters) – KFC parent Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz) on Wednesday reported a smaller than expected decline in June sales at established restaurants in China, showing signs of recovery after sales were drastically hit by the country’s bird flu outbreak.

The company posted an estimated 10 percent drop in June sales – a smaller decline than in May when sales began to moderate. June results from China, the company’s most important business unit, will be recorded in the current third quarter.

Jul 9, 2013

Kroger to buy Harris Teeter for $2.5 billion, shares rise

By Lisa Baertlein and Jessica Wohl

(Reuters) – Kroger Co (KR.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it would buy regional grocer Harris Teeter Supermarkets Inc (HTSI.N: Quote, Profile, Research, Stock Buzz) in a $2.5 billion deal, the latest in a string of grocery industry consolidations.

Shares of both companies rose, outpacing gains in the broader market.

The deal, approved by the boards of both companies on Monday night, will boost Kroger’s presence in the U.S. southeast. Competitors there include privately held Publix and discounter Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), the largest U.S. food retailer.

Jul 3, 2013

Obamacare implementation delay no boon for hiring

By Lisa Baertlein

(Reuters) – The Obama administration’s decision to delay a key provision of the healthcare law, by giving employers an extra year to offer insurance coverage, is not expected to significantly impact 2014 hiring since many big businees were prepared for the change.

Smaller businesses, which have been among the most vocal critics of the law, say they are still coming to terms with the system’s cost and complexity and need the extra time simply to make Obamacare work.

    • 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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