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Feb 4, 2013

Yum warns on 2013 as chicken scare hurts KFC

By Lisa Baertlein

(Reuters) – KFC parent Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz) on Monday warned that it expects 2013 earnings to shrink rather than grow, as it grapples with a food safety scare that ensnared some of its chicken suppliers in its top market, and shares fell more than 6 percent.

The company, which gets more than half of its overall sales and operating profit from China, reported a 6 percent drop in fourth-quarter sales at established restaurants in China due to “adverse publicity” regarding its poultry supply.

Feb 1, 2013

U.S. restaurants face tough order locking in low beef prices

Feb 1 (Reuters) – It is getting harder for restaurant chains
to lock in long-term prices for hamburger and other beef cuts as
the impact of last summer’s historic drought sends prices
higher.

Such purchasing contracts help companies predict their food
costs over time, and if done well, can save them significant
money in times of rising prices.

Feb 1, 2013

Tyson profit beats Street on higher beef, chicken prices

Feb 1 (Reuters) – Tyson Foods Inc, the largest U.S.
meat company, raised its full-year revenue forecast above
analysts’ average estimate as strong beef and chicken prices
help offset grain costs pushed higher by last summer’s historic
U.S. drought.

Tyson shares climbed 3 percent on Friday after the company
also reported better-than-expected earnings for its fiscal first
quarter.

Feb 1, 2013

Analysis: Beef price spike makes $1 McDouble harder to stomach

By Lisa Baertlein

(Reuters) – McDonald’s popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company’s profit margin.

The world’s biggest restaurant chain launched a competing $1 Grilled Onion Cheddar Burger in December. It also made the new sandwich – with one beef patty rather than the McDouble’s two – a star of current television commercials, a status it shares with the McDouble.

Feb 1, 2013

Beef price spike makes $1 McDouble harder to stomach

By Lisa Baertlein

(Reuters) – McDonald’s popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company’s profit margin.

The world’s biggest restaurant chain launched a competing $1 Grilled Onion Cheddar Burger in December. It also made the new sandwich – with one beef patty rather than the McDouble’s two – a star of current television commercials, a status it shares with the McDouble.

Jan 31, 2013

Dunkin’ Brands profit beats Street; U.S. sales hold up

By Lisa Baertlein

(Reuters) – Dunkin’ Brands Group Inc (DNKN.O: Quote, Profile, Research, Stock Buzz) posted a higher-than-expected quarterly profit on Thursday as operating costs fell and sales at established Dunkin’ Donuts cafes in the United States came in above analysts’ estimates.

The company, which also raised its quarterly dividend by 4 cents to 19 cents per share, plans to revise its 2013 profit forecast once it knows what savings it will reap from refinancing its debt, Chief Executive Nigel Travis told Reuters.

Jan 29, 2013

Employers encouraged by proposal to fix US immigration chaos

LOS ANGELES/SAN FRANCISCO, Jan 28 (Reuters) – The first big
political push for an overhaul of U.S. immigration laws in more
than five years holds out some promise for
employers who have long complained that the current system is
broken and inhibits hiring.

From farmers who cannot find Americans to pick their crops
to technology firm who need more engineers from abroad, the
bipartisan plan from eight U.S. senators announced on Monday
offered solutions like a “workable” program for seasonal farm
labor and a commitment to “attracting and keeping the world’s
best and brightest.”

Jan 28, 2013

Veggie Grill raises $20 mln to build on healthy eating trend

LOS ANGELES, Jan 28 (Reuters) – Veggie Grill raised $20
million from current stakeholders and new investors to bolster
its expansion and capitalize on the growing popularity of
healthy dining options, the Santa Monica, California-based
restaurant company said on Monday.

It is the fourth round of equity funding for the vegetarian
restaurant chain, whose menu includes dishes such as the “All
Hail Kale” salad. The privately-held company declined to
disclose its valuation.

Jan 25, 2013

Starbucks stays hot in U.S., Asia; shares rise

By Lisa Baertlein

(Reuters) – Starbucks Corp (SBUX.O: Quote, Profile, Research, Stock Buzz) reported stronger-than-expected sales in the United States and Asia despite economic uncertainty worldwide, offsetting unexpected costs including the bill for cleaning up after Superstorm Sandy.

Shares in the world’s biggest coffee chain rose 1.9 percent in after-hours trade on Thursday, even though the company’s first-quarter profit matched but did not exceed Wall Street estimates and it merely repeated its forecasts for the full year. Starbucks often tops profit expectations and raises forecasts.

Jan 23, 2013

McDonald’s says January restaurant sales will fall

By Lisa Baertlein

(Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) on Wednesday forecast a decline in global restaurant sales for January, as it and other fast-food chains fight for customers who are spending cautiously during continued economic uncertainty.

The world’s biggest restaurant company by revenue also reported an unexpected rise in December sales at established U.S. outlets, which helped lift its fourth-quarter profit above analysts’ estimates.

    • 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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