Restaurants
Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks posted its fourth straight quarter of same-store sales growth, as it continues a turnaround under CEO Brian Niccol.
Cyclospora outbreak tied to Taco Bell will steal the spotlight from Yum Brands’ earnings
Wall Street is projecting a strong second quarter for Yum Brands, but investors’ focus will be on updates related to the cyclospora outbreak tied to Taco Bell.
Sandwich chain Jersey Mike’s files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway.
Yum Brands sells Pizza Hut to private equity firm LongRange Capital and Yum China for $2.7 billion
Yum Brands is selling Pizza Hut, capping off years of struggles for the pizza chain.
KFC leans into boneless chicken, new drinks as chain tries to regain market share
KFC is facing more competition from legacy giants and upstarts alike, thanks to the growing global popularity of chicken.
Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U.S.
With Tablì, Lavazza is betting that sustainability is still a top consideration for many coffee drinkers.
McDonald’s unveils new global growth strategy to win over diners as competition rises
McDonald’s new growth plan comes as inflation and high gas prices mean restaurants are competing for a smaller pool of customers.