Jim Cramer asked Starbucks CEO Laxman Narasimhan in an interview on CNBC why he should hold the stock for the Club portfolio for another quarter.
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.
https://www.cnbc.com/2024/05/01/yum-brands-yum-q1-2024-earnings.html
Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.
Across all regions, Starbucks reported shrinking same-store sales and falling traffic.
https://www.cnbc.com/2024/04/30/starbucks-sbux-earnings-q2-2024.html
The restaurant company is planning to spend $2.2 billion to revive Burger King's U.S. business.
https://www.cnbc.com/2024/04/30/burger-king-invests-another-300-million-to-remodel-restaurants-.html
McDonald's shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.
https://www.cnbc.com/2024/04/30/mcdonalds-mcd-q1-2024-earnings.html
Starbucks and the union plan to meet again in late May to keep working on the framework that will inform every single-store contract.
https://www.cnbc.com/2024/04/26/starbucks-workers-united-union-make-progress-in-negotiations.html
Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.
A little over a year ago, Chipotle announced the opening of its first Farmesa location.
The burrito chain said traffic increased 5.4% in its first quarter.
https://www.cnbc.com/2024/04/24/chipotle-mexican-grill-cmg-q1-2024-earnings.html
In February, Starbucks and Workers United said they found a "constructive path forward," marking a major strategic pivot for the coffee giant.
https://www.cnbc.com/2024/04/24/starbucks-resumes-bargaining-with-workers-united-union.html
The findings add to concerns that GLP-1s could take a bite out of the bottom lines of some of the biggest restaurant companies and packaged food makers.
The company said its zero-emission drones have now flown more than 70 million autonomous commercial miles across four continents.
https://www.cnbc.com/2024/04/19/autonomous-drone-startup-zipline-hits-1-million-deliveries.html
The Tide owner's quarterly volume was flat for the second consecutive quarter.
https://www.cnbc.com/2024/04/19/procter-gamble-pg-q3-2024-earnings.html
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
The new company will be publicly traded on the London Stock Exchange under the ticker "TGIF."
https://www.cnbc.com/2024/04/16/tgi-fridays-to-go-public-through-merger-with-its-uk-franchisee.html
“First and foremost, I want to apologize to everyone in the AAPI community who’s been hurt or feels like I’ve marginalized them or put a ceiling on them by our actions,” Chang said.
The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW's sales.
https://www.cnbc.com/2024/04/11/buffalo-wild-wings-go-format-off-premise-sales.html
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to Yelp.
https://www.cnbc.com/2024/04/10/top-10-fastest-growing-chains-in-the-us.html
Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfolio.
3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane.
https://www.cnbc.com/2024/04/09/3g-capital-quietly-exited-its-kraft-heinz-investment-last-year.html
Consumers in Muslim-majority countries have boycotted the brand over what they perceive to be its support for Israel, something the U.S.-based company denies.
Fast-food workers in California will start earning $20 an hour. Other businesses may raise their own wages to keep up.
https://www.cnbc.com/2024/04/01/california-fast-food-minimum-wage-other-business-may-raise-pay.html
Recent reports show shoppers are experiencing "tip fatigue" and starting to tip less — and resent "guilt tipping" even more.
Krispy Kreme will more than double its distribution to reach McDonald's restaurants nationwide.
LongHorn Steakhouse was the company's only division to report same-store sales growth.
https://www.cnbc.com/2024/03/21/darden-restaurants-dri-q3-2024-earnings.html
During the CNBC Investing Club's Morning Meeting on Friday, Jim Cramer weighed in on the stocks of McDonald's, Micron and Snowflake.
https://www.cnbc.com/2024/03/15/jim-cramer-shares-his-thoughts-on-the-stocks-of-mcd-mu-and-snow.html
The popularity of golf is growing faster off the course than on it, as businesses offering golf simulators and driving range-type experiences are booming.
As the population of the Sun Belt grows, restaurant chains such as McDonald's and Portillo's are looking to those states for future sales growth.
https://www.cnbc.com/2024/03/09/mcdonalds-portillos-dutch-bros-open-restaurants-in-the-sun-belt.html
The two sides agreed last week to work toward a "foundational framework" on collective bargaining.