Retailers, consumers and prices
Check out the latest earnings on the menu from restaurant chains.
Panera, which sells bread, salads and sandwiches, said revenue rose but predicted lower-than-expected earnings for the current quarter.
P.F. Chang’s, which runs its namesake chain as well as Pei Wei, said higher menu prices helped boost the chain’s profits but analysts pointed to heavier promotions for the missed expectations. However, demand was better than Wall Street had expected at the Bistro restaurants and the company reaffirmed its outlook for the full-year profit.
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Europe-based Unilever, one of the world’s largest consumer products companies, said on Monday that it has inked an exclusive licensing deal with Asian-themed restaurant chain P.F. Chang’s China Bistro to come up with a line of frozen entrees.
Unilever is already known to have products like Knorr soup and the Bertolli range of Italian frozen meals in its portfolio.