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Aug 24, 2014

Analysis – Dollar stores in battle to double down on the poor

By Jilian Mincer and Lisa Baertlein

(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.

He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan, sometimes stopping by as many as 10 times a week “if there are things I need,” said the 51-year-old home care provider. “I buy a lot of everything; merchandise and food products.”

Aug 22, 2014

McDonald’s replaces U.S. chief for the second time in 2 years

Aug 22 (Reuters) – McDonald’s Corp is replacing its
U.S. president for the second time in two years, a move that
suggests increased pressure on Chief Executive Don Thompson to
improve sales in the fast food chain’s home market.

The company on Friday named former McDonald’s executive Mike
Andres as president of McDonald’s USA, replacing Jeff Stratton,
who had been in the job since December 2012. McDonald’s said
Stratton, 58, is retiring.

Aug 22, 2014

McDonald’s Names new U.S. unit president, second in two years

By Lisa Baertlein

(Reuters) – McDonald’s Corp MCD.N is changing the leadership at its struggling U.S. division for the second time in two years in a move that may signal increased pressure on Chief Executive Officer Don Thompson.

McDonald’s, the world’s biggest fast-food chain by revenue, on Friday named former McDonald’s executive Mike Andres as president of McDonald’s USA, replacing Jeff Stratton, who had been in the job since December 2012.

Aug 21, 2014

Colorado voters to weigh in on GMO food labeling

Aug 21 (Reuters) – Colorado voters in November will have
their say on a proposition that would require labels on foods
that contain genetically modified ingredients, or GMOS.

Proponents of GMO labeling initiatives, who say they have
the right to know what is in their food, have been gaining steam
in the United States. Their wins have come despite well-funded
opposition from GMO crop backers ranging from PepsiCo Inc
to Monsanto Co who say GMOs are safe, labels
will confuse consumers and switching to non-GMO ingredients
would significantly increase the cost of food.

Aug 20, 2014

Kroger in cross hairs as U.S. gun fight spills into its aisles

By Lisa Baertlein

(Reuters) – Kroger Co, the largest U.S. supermarket operator, is the latest high-profile company caught in the battle over gun rights and gun control in the United States.

Moms Demand Action for Gun Sense in America (MDA), backed by former New York City Mayor Michael Bloomberg, is petitioning Kroger to prohibit guns in its more than 2,600 U.S. stores, which include Food 4 Less, Harris Teeter and Smith’s.

Aug 12, 2014

Darden board vulnerable as activists circle -analysts

Aug 12 (Reuters) – Darden Restaurants Inc’s board
looks vulnerable to a key activist shareholder’s push for a
shakeup that could pave the way for broader changes at the
underperforming owner of Olive Garden and LongHorn Steakhouse.

Although the company recently conceded three board seats to
Starboard Value LP, a few more of the remaining nine members
could be voted out at Darden’s Sept. 30 annual meeting if a
settlement is not reached before that time, a half dozen
analysts said.

Aug 8, 2014

McDonald’s casts doubt on sales outlook after China food scare

By Lisa Baertlein and Sruthi Ramakrishnan

(Reuters) – McDonald’s Corp (MCD.N: Quote, Profile, Research, Stock Buzz) said on Friday that its global sales forecast for 2014 was at risk after a China food scandal drove away diners and forced the chain to scramble to find new suppliers of ingredients for Chicken McNuggets and Big Macs.

The warning could portend the company’s first full year of global sales declines at established restaurants since 2002, Janney Capital Markets analyst Mark Kalinowski said in a client note.

Aug 3, 2014

McDonald’s CEO Thompson ‘under siege’ at home and abroad

By Lisa Baertlein

(Reuters) – McDonald’s Corp CEO Don Thompson sure could use a break.

The head of the world’s biggest restaurant chain, who for much of his two years at the helm has been battling to spark sales growth in the United States and Europe, got battered by headline-grabbing bad news in late July.

Jul 31, 2014

Food scare driving away Yum, McDonald’s diners in China

By Lisa Baertlein

(Reuters) – A food safety scare in China is testing local consumers’ loyalty to foreign fast-food brands, including McDonald’s Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.

Yum said on Wednesday that the scare, triggered by a TV report earlier this month showing improper meat handling by a supplier, Shanghai Husi Food, caused “significant, negative” damage to sales at KFC and Pizza Hut restaurants over the past 10 days. “If the significant sales impact is sustained, it will have a material effect on full-year earnings per share,” Yum said in a regulatory filing.

Jul 31, 2014

China diners test McDonald’s, Yum says food scare hurts KFC, Pizza Hut sales

By Lisa Baertlein

(Reuters) – A food safety scare in China is testing local consumers’ loyalty to foreign fast-food brands, including McDonald’s Corp and Yum Brands Inc, which owns the KFC and Pizza Hut chains.

Yum said on Wednesday that the scare, triggered by a TV report earlier this month showing improper meat handling by a supplier, Shanghai Husi Food, caused “significant, negative” damage to sales at KFC and Pizza Hut restaurants over the past 10 days. “If the significant sales impact is sustained, it will have a material effect on full-year earnings per share,” Yum said in a regulatory filing.

    • 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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