Restaurants
Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales
The salad chain has not been implicated in the ongoing cyclospora outbreak.
Salad and Go files for Chapter 11 bankruptcy after cyclospora fears worsened its challenges
The upstart salad chain aimed to take on Sweetgreen and expanded rapidly under the ownership of Volt Investment.
Chipotle stock falls on potential link to salmonella outbreak in Minnesota
Chipotle has pulled the affected supply from restaurants and replaced them with peppers from different growers, according to the company.
McDonald’s names company veteran Skye Anderson as its U.S. president as growth in its largest market slows
McDonald’s new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
McDonald’s earnings beat estimates, chain announces new U.S. head to accelerate growth
McDonald’s stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
Yum Brands reports mixed results but gives no update on Taco Bell cyclospora outbreak
The restaurant company provided no update on the cyclospora outbreak tied to Taco Bell restaurants is affecting its business.
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.