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Jan 16, 2013

Chipotle food costs bite amid rising competition

By Lisa Baertlein

(Reuters) – Higher food costs and rising competition are biting burrito chain Chipotle Mexican Grill Inc (CMG.N: Quote, Profile, Research, Stock Buzz), which saw shares fall more than 5 percent on Wednesday following its late-night earnings warning.

Chipotle forecast fourth-quarter profit below Wall Street expectations. It blamed a faster-than-expected rise in food costs during the latest quarter, when cost pressures squeezed profitability. Still, the company said it expects food inflation to level off in 2013.

Jan 16, 2013

Cheesecake Factory pasta on list of caloric ‘food porn’

Jan 16 (Reuters) – A Cheesecake Factory pasta dish with more
than 3,000 calories – or more than a day and a half of the
recommended caloric intake for an average adult – is among the
headliners on this year’s Xtreme Eating list of the most
unhealthy dishes at U.S. chain restaurants.

The Center for Science in the Public Interest, a
consumer-focused nonprofit group that promotes healthier eating,
compiles an annual list of “food porn” to alert consumers to
menu items with eye-popping levels of calories, saturated fat,
sugar and/or sodium.

Jan 16, 2013

Dunkin’ Donuts plans to re-enter California in 2015

LOS ANGELES, Jan 16 (Reuters) – Dunkin’ Donuts will open
shops in Southern California in 2015, the popular coffee chain
said on Wednesday, marking its long-awaited return to the state
it left more than a decade ago.

Dunkin’ Donuts customers are fiercely loyal and have been
clamoring for it to re-enter California, which the company says
is the No. 1 state for grocery sales of the chain’s bagged
coffee.

Jan 16, 2013

Cheesecake Factory pasta on annual list of caloric ”food porn”

By Lisa Baertlein

(Reuters) – A Cheesecake Factory pasta dish with 3,120 calories – or more than a day and a half of the recommended caloric intake for an average adult – is among the headliners on this year’s Xtreme Eating list of the most unhealthy dishes at U.S. chain restaurants.

The Center for Science in the Public Interest, a consumer-focused nonprofit group that promotes healthier eating, compiles an annual list of “food porn” to alert consumers to menu items with eye-popping levels of calories, saturated fat, sugar and/or sodium.

Jan 10, 2013

Supervalu selling five grocery chains to investor group

Jan 10 (Reuters) – Supervalu Inc struck a $3.3
billion deal to reduce its burdensome debt by selling five
retail grocery chains to an investor group led by Cerberus
Capital Management LP, the No. 3 U.S. grocery store
operator announced on Thursday.

Shares in Supervalu jumped 7.9 percent to $3.29 on the New
York Stock Exchange. The company has been losing shoppers to
rivals like Kroger Co and Wal-Mart Stores Inc.

Jan 9, 2013

Yum says China chicken suppliers dropped before probe announced

LOS ANGELES, Jan 8 (Reuters) – KFC parent Yum Brands Inc
said it had stopped using chicken from suppliers in
China that are now under a government investigation before the
review was even announced and analysts said they expect the
company to recover from the business hit in its biggest market.

Yum, which gets more than half of its overall revenue and
operating profit from China, on Monday warned that bad publicity
from a Chinese government food safety review of chicken
suppliers hit its sales in China harder than expected in the
latest quarter.

Jan 8, 2013

Yum says dropped China chicken suppliers before review announced

LOS ANGELES (Reuters) – KFC parent Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz) said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.

Yum, which gets more than half of its overall revenue and operating profit from China, on Monday warned that bad publicity from a Chinese government food safety review of chicken suppliers hit its sales in China harder than expected in the latest quarter.

Jan 7, 2013

Yum Brands warns China sales fell more than expected

By Lisa Baertlein

(Reuters) – KFC parent Yum Brands Inc (YUM.N: Quote, Profile, Research, Stock Buzz) on Monday warned that sales in its top market of China shrank more than expected in the fourth quarter, citing bad publicity from a government review of that country’s chicken supply.

Yum said in a regulatory filing on Monday that China sales fell 6 percent in the quarter, compared to its earlier forecast of a 4 percent decline. It said the media coverage associated with the government’s review had a “significant impact” on KFC sales in China in the last two weeks of December.

Jan 4, 2013

‘Grey’s Anatomy’ star Patrick Dempsey buying Tully’s coffee

LOS ANGELES (Reuters) – Actor Patrick Dempsey, better known as television’s “Dr. McDreamy,” promised to rescue Seattle’s Tully’s coffee chain with a $9.15 million bid to buy it out of bankruptcy.

The “Grey’s Anatomy” star who plays Dr. Derek Shepherd, a surgeon at fictional Seattle Grace Hospital, said his offer bested those from six rival bidders – including global coffee giant Starbucks Corp.

Jan 3, 2013

Family Dollar everyday item sales hit profit, stock off

By Lisa Baertlein

(Reuters) – Family Dollar Stores Inc (FDO.N: Quote, Profile, Research, Stock Buzz) posted a lower-than-expected quarterly profit on Thursday, sending its shares tumbling 11.8 percent as its push to sell more everyday items including soft drinks and cigarettes attracted more customers but hurt profitability.

The company also lowered its forecast for the year and said December sales, which came in after the quarter ended, were hurt as shoppers limited their discretionary spending.

    • 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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