Starbucks forecast annual profit above expectations, signaling that cost cuts and operational changes under CEO Brian Niccol’s two-year turnaround efforts are taking root. Niccol repeatedly told investors on the earnings call that his “Back to Starbucks” strategy is no longer…
Chipotle shares surged nearly 9% Thursday after the burrito-and-bowl chain reported improving sales and revealed roughly 3% menu price hikes in the fourth quarter amid rising beef, freight and labor costs. The fast-casual giant has been gradually raising prices market by market…
Oct 29 (Reuters) – Walmart said on Thursday it had extended its agreement with AI robotics firm Symbotic, committing about $6 billion over several years to bring more automation capabilities to its distribution network. Symbotic has been helping Walmart automate its supply chain…
Oct 29 (Reuters) – Starbucks beat Wall Street estimates for quarterly comparable sales and earnings on Thursday as its turnaround under CEO Brian Niccol gains traction despite restrained consumer spending. Niccol has spent the past two years simplifying menus, improving staffing levels…
Starbucks is set to report its quarterly earnings after the bell on Thursday. Here's what Wall Street is expecting the company to report, based on a survey of analysts by LSEG: Wall Street is also projecting that the coffee giant…
It’s a tale of two Santa Monicas. With quaint boutiques, bustling cafes, friendly shopkeepers and pampered pooches galore, the charming, thriving shopping strip on Montana Avenue has quietly become Santa Monica’s unofficial new downtown — a breezy, beautiful retort to the…
Wendy's could see up to 60 more restaurants closed across the United States through mid-November as one of its largest franchise operators battles bankruptcy, according to USA Today. Meritage Hospitality Group, which filed for Chapter 11 bankruptcy protection on September 17, has already…
“The Office” star B.J. Novak is taking fast-food nostalgia to a whole new level with Chain, a constantly changing pop-up that reimagines the restaurant and snack foods people grew up loving. Now open as Chain at Topanga Social inside…
Companies have been charging consumers different prices based on their location and what kind of lifestyle they lead. Price fixing is illegal, but bulking customers into regions or basic categories isn't. 'They pushed back and said it wasn't discrimination.' Although…
In May, Seattle's socialist mayor told wealthy residents and businesses that if they wanted to leave her city to escape her terrible policies "bye." And now businesses are looking to downsize or leave Seattle entirely, with a survey showing half…
Walmart, Target, Costco, fast-food chains and the consumer brands shoppers reward or boycott.
An article joins this feed when it matches these terms. Each one is also a search of its own.