Restaurants
Marc Lore’s Wonder bets on Texas, automation and user-built restaurants as it mulls IPO
Wonder is leaning into automation and user-built restaurants as founder Marc Lore prepares the startup for a potential IPO.
Restaurant earnings will test whether owning more brands pays off
Shares of companies with multiple restaurant brands like Brinker and Darden are outperforming single-chain stocks like McDonald’s and Chipotle.
Pepsi renews contract with Taco Bell days after KFC switches to Coke in the U.S.
Taco Bell is sticking with longtime beverage supplier PepsiCo, even though sister chain KFC defected to Coca-Cola.
KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in decades
KFC is switching from PepsiCo to Coca-Cola as its beverage supplier for U.S. restaurants.
Starbucks says it is not buying Chipotle after takeover speculation
“Starbucks is not buying Chipotle,” a Starbucks spokesperson told CNBC.
McDonald’s is leaning into chicken and drinks to grow. New data shows it could be a tough task
McDonald’s is targeting growth in chicken and beverages, but Consumer Edge data shows Chick-fil-A and coffee chains gaining in customer spending.
Why a Starbucks takeover of Chipotle would — and wouldn’t — make sense for both companies
Starbucks has reportedly been working with advisers on a takeover proposal for Chipotle, but a potential deal comes with pros and cons for investors.
Chick-fil-A wants to stay a family business even as it expands in the U.S. and abroad
Chick-fil-A has been expanding into new international markets and growing its menu under CEO Andrew Cathy.
El Pollo Loco to open first New York restaurant as it aims to become national chicken chain
El Pollo Loco will open its first New York City restaurant next year in Queens as it aims to become a national chicken chain.
Starbucks to shutter about 250 stores in latest round of cafe closures
Starbucks will close about 1% of its North American cafes in the latest stage of its turnaround.