DIRS.INFO The most relevant business & tech news

☆ Restaurant Brands' earnings top estimates as sales rise at Burger King, Tim Hortons
▼ + stars: | 2022-11-03 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Restaurant Brands International on Thursday reported quarterly earnings and revenue that beat analysts' expectations, fueled by sales growth at Burger King and Tim Hortons. Burger King reported same-store sales growth of 10.3%, driven by strong international growth. The latest addition to Restaurant Brands' portfolio, Firehouse Subs, reported flat same-store sales. Restaurant Brands' results come after Yum Brands on Wednesday also reported stronger same-store sales at its Taco Bell and KFC chains. Like other multinational companies, Restaurant Brands' results were hurt by the strong dollar.

☆ Strong dollar weighs on Yum Brands even as sales rise at KFC and Taco Bell
▼ + stars: | 2022-11-02 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Revenue came in above expectations, however, as same-store sales rose at its KFC, Pizza Hut and Taco Bell chains. KFC reported same-store sales growth of 7%, beating Wall Street's estimates of 2%. Taco Bell's same-store sales rose 6% in the quarter, falling short of expectations of 7.5%. In the U.S., same-store sales rose 7%. Pizza Hut reported same-store sales growth of 1%, beating Wall Street's projections that its same-store sales would decline.

☆ How mole sauce is made with a tool as old as human civilization
▼ + stars: | 2022-10-31 | by ( Caroline Mishelle Aghajanian | Amelia Kosciulek | ) www.businessinsider.com time to read: +1 min

Evangelina Aquino Luis is a chef in Oaxaca, Mexico, who makes special mole for families in mourning. She grinds chiles, spices, and other ingredients with a traditional stone called a metate. These ancient tools have become less popular in the household with the rise of modern-day blenders. Loading Something is loading. We visit chef Evangelina Aquino Luis of Nana Vira in Oaxaca to see how she makes her chichilo mole for funerals.

The back half of the earnings season gets underway this week, with key companies across different sectors set to report. FactSet data shows that slightly more than 70% of the S & P 500 that have reported earnings have beaten earnings expectations. Tuesday Advanced Micro Devices is set to report earnings after the bell, followed by a conference call at 5 p.m. Wednesday Yum Brands is set to report earnings before the bell, with management holding a call at 8:15 a.m. EBay is set to report earnings after the bell, followed by a call at 5 p.m.

☆ Workers at NYC Starbucks and Amazon Go store file petition to unionize
▼ + stars: | 2022-10-28 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Amazon and Starbucks stop Union Busting sign, International Workers Day, United Against Union Busting March and Rally, Workers Circle, Amazon Labor Union, NY Immigration Coalition, Make the Road, NYC Central Labor Council, RWDSU and more community-based organizations, immigrant rights groups, unions, and allies, Union Square, New York City. Workers at the Starbucks and Amazon Go store in midtown Manhattan filed a petition for a union election on Friday. It's the first cafe that uses Amazon's cashierless technology to try to unionize under Workers United and just the second of its kind. The store, which is located next to Port Authority and on the ground floor of the New York Times building, generates high volume but also has high employee turnover, according to Starbucks Workers United. Amazon Labor Union won its first election this spring, unionizing a warehouse on New York's Staten Island.

☆ Restaurant operating hours are still shorter compared to 2019, report finds
▼ + stars: | 2022-10-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

States with Democratic governors saw steeper reductions to restaurants' hours than those led by Republicans, according to the report. Every state except Alaska saw a decrease in restaurants' average weekly operating hours. Eateries have trimmed their weekly operating hours by 7.5%, or 6.4 hours, compared with pre-pandemic schedules, according to a new report from Datassential . Denny's weekly hours have fallen by nearly a third, while Texas Roadhouse , IHOP and Subway have all seen their averages shrink by double digits. Those chains' significant drops in operating hours are likely due to the reduction of diners and other eateries that are open for 24 hours.

☆ McDonald's is about to report earnings. Here's what to expect
▼ + stars: | 2022-10-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

McDonald's is due to report its third-quarter earnings before the bell on Thursday. Analysts surveyed by StreetAccount are projecting same-store sales growth of 5.8%, fueled largely by higher menu prices. U.S. same-store sales are expected to rise 4%, according to StreetAccount estimates. Additionally, the strong U.S. dollar means painful conversation rates for McDonald's sales, hitting markets with company-owned restaurants. McDonald's shares have fallen 4% this year, dragging the company's market value down to roughly $200 billion.

☆ Chipotle says price hikes lift revenue as customers show ‘minimal resistance’
▼ + stars: | 2022-10-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Customers order from a Chipotle restaurant at the King of Prussia Mall in King of Prussia, Pennsylvania. Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts' expectations as another round of price hikes hit its menus. CEO Brian Niccol said that the company saw "minimal resistance" to higher menu prices during the quarter, although transactions declined 1%. The company reported paying more for dairy, tortillas, avocados, packaging and labor. For the fourth quarter, Chipotle is predicting same-store sales growth in the mid- to high-single digits.

☆ Coca-Cola raises full-year outlook as earnings beat expectations
▼ + stars: | 2022-10-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Coca-Cola on Tuesday raised its full-year outlook after beating Wall Street's expectations for its quarterly earnings and revenue. Foreign currency is also predicted to weigh on Coke's earnings and revenue. Shares of the company rose 3% in premarket trading. For 2022, Coke now expects comparable earnings per share growth of 6% to 7%, up from its prior range of 5% to 6%. The company also raised its outlook for organic revenue growth to 14% to 15% from a range of 12% to 13%.

☆ Beyond Meat is rolling out its steak substitute in grocery stores
▼ + stars: | 2022-10-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Beyond Meat is launching a steak substitute in grocery stores on Monday. Amid the chaos, Beyond and Yum Brands' Taco Bell started testing meatless carne asada using its Beyond Steak product at restaurants in Dayton, Ohio. The Beyond Steak that will be sold in grocery stores comes packaged in bite-sized pieces. In the second quarter, Beyond reported U.S. grocery sales rose just 2.2% while restaurant revenue was off 2.4%. This year, shares of the company have lost 80% of their value, shrinking its market value to $821 million.

☆ Earnings playbook: How to trade the busiest week of the season thus far, including Apple and Amazon
▼ + stars: | 2022-10-23 | by ( Fred Imbert | ) www.cnbc.com time to read: +17 min

It's the busiest week of the earnings season thus far, with nearly 150 S & P 500 components set to report. What history shows: Coca-Cola has outperformed analyst earnings expectations in the last 11 quarters, FactSet data shows. Alphabet is set to report earnings after the close, with management expected to hold a conference call at 5 p.m. What history shows: FactSet data shows Microsoft's earnings per share have come in above expectations in 24 of the last 25 quarters. What history shows: McDonald's earnings per share have outperformed expectations in six of the last 10 quarters, FactSet data shows.

☆ Procter & Gamble's earnings beat as higher pricing offsets drop in volume
▼ + stars: | 2022-10-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts' estimates as higher pricing offset lower demand for its products. But the company also said it's expecting foreign currency to hit its fiscal 2023 results more than previously expected. P&G said it's now forecasting earnings per share on the low end of its prior range of flat to up 4%. Its net sales are also expected to decline 1% to 3%, lower than its previous outlook of flat to up 2%. Net sales rose 1% to $20.61 billion, topping expectations of $20.28 billion.

☆ McDonald's to sell Krispy Kreme doughnuts at 9 locations in latest menu experiment
▼ + stars: | 2022-10-18 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

McDonald's will sell Krispy Kreme doughnuts in select restaurants later this month for the first time. Starting Oct. 26, the fast-food giant will sell Krispy Kreme doughnuts at nine locations in the Louisville, Kentucky, area as part of a test. McDonald's said the test will help it learn more about how teaming up with Krispy Kreme would affect its operations. Participating McDonald's locations will sell the doughnuts all day, but the treats won't be available for delivery. Krispy Kreme will deliver fresh doughnuts daily to the McDonald's restaurants, according to McDonald's.

Beyond Meat Chief Operating Officer Doug Ramsey, who had been suspended following an arrest for assault, has left the company. Ramsey left the company effective Friday, weeks after he was arrested for allegedly biting a man's nose following a college football game in Arkansas, the company said in a regulatory filing. The company had originally suspended Ramsey after the arrest became public last month. Ramsey then allegedly punched the Subaru driver and bit his nose, "ripping the flesh on the tip of the nose," the report said. Police also said the victim and a witness also claimed Ramsey told the Subaru driver he would kill him.

☆ 'Pls fix' messages from higher-ups evoke dread in office workers. We want to hear from you: What do you hate hearing at work?
▼ + stars: | 2022-10-13 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

Few messages at work inspire more dread than the "pls fix" message from a higher-up. "Until you've gotten that 10 p.m. 'pls fix,' you just don't get it," she told the newspaper. Employees dread the last-minute messages because they can often come in as workers are preparing to sign off or during off-hours, but require immediate attention. Another issue with "pls fix" messages is that they can be very vague, sometimes with little or no guidance besides the order itself. The communal frustration it evokes is so great it's given rise to "pls fix" merch, memes, and even a podcast, the Journal reports.

☆ Delta and Starbucks link their loyalty programs in a bid for repeat customers
▼ + stars: | 2022-10-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines and Starbucks are linking their loyalty programs, marking the latest move by the companies to expand the appeal of their rewards programs and boost sales. Starting Wednesday, members of Delta's SkyMiles loyalty program can earn one mile for each $1 spent at Starbucks after connecting the accounts. According to Starbucks' website, with 150 stars, loyalty program members can get a coffee drink, such as a cappuccino. Customers can earn both SkyMiles and Starbucks stars with each purchase, a Starbucks spokeswoman said. At its recent investor day, Starbucks said it planned to link its rewards program to other loyalty programs.

☆ Chipotle Mexican Grill will test robotic tortilla chip maker 'Chippy' in California restaurant
▼ + stars: | 2022-09-27 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chipotle Mexican Grill is moving one step closer to having a robot make its tortilla chips. The burrito chain said Tuesday that it will test "Chippy," an autonomous kitchen assistant made by Miso Robotics, next month in a restaurant in Fountain Valley, California. Chipotle has already tested Chippy's ability to make and season its tortilla chips with salt and lime at its headquarters' innovation hub in Irvine, California. Today, workers at Chipotle restaurants fry and season the chips, which can be time consuming. Restaurants and retailers have been testing robotics and automation to speed up operations and reduce menial tasks for workers.

☆ Olive Garden parent Darden stands by outlook after mixed quarterly results
▼ + stars: | 2022-09-22 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

An order of breadsticks from a Darden Restaurants Inc. Olive GardenDarden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023. The company's same-store sales increased 4.2% in the quarter. CEO Rick Cardenas said in a statement that Darden saw seasonal changes to demand return to the business. For its fiscal 2023, Darden expects earnings per share from continuing operations of $7.40 to $8. Darden is also expecting same-store sales growth of 4% to 6% and 50 to 60 new restaurant openings in fiscal 2023.

☆ Taco Bell to test long-awaited Beyond Meat carne asada in Ohio next month
▼ + stars: | 2022-09-21 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Taco Bell will test meatless carne asada made with Beyond Meat at dozens of its restaurants in Dayton, Ohio, starting next month. Around that time, Taco Bell promised to test a menu item made with Beyond, but it took longer than expected to create a carne asada alternative that satisfied Taco Bell, Bloomberg reported in December. Starting Oct. 13, participating Taco Bell locations will sell the steak substitute for a limited time at the same price as its existing carne asada. Taco Bell plans to feature Beyond Carne Asada in its quesadilla, but customers can swap in the meat alternative for other orders as well. The test is meant to help Taco Bell measure the demand for Beyond Carne Asada.

☆ Beyond Meat suspends operating chief after arrest for allegedly biting man's nose
▼ + stars: | 2022-09-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey's car, according to a preliminary police report obtained by CNBC. The Subaru owner then got out of his car, and Ramsey allegedly started punching him and bit his nose, "ripping the flesh on the tip of the nose," according to the report. The victim and a witness also alleged that Ramsey told the Subaru owner he would kill him. Prior to joining Beyond Meat, Ramsey spent three decades at Tyson Foods, overseeing its poultry and McDonald's businesses.

☆ A Thai artisan is preserving a centuries-old craft by carving snail shells into art
▼ + stars: | 2022-09-20 | by ( Caroline Mishelle Aghajanian | Amelia Kosciulek | ) www.businessinsider.com time to read: 1 min

Jukkit Suksawat makes Thai ornaments and decorations out of mother-of-pearl. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Loading Something is loading. He is determined to keep this 14th-century tradition alive by doing every step the traditional way. If you want to know more, please visit Jukkit Suksawat's Facebook page or email jukkit2508@gmail.com.

☆ Beyond Meat COO Doug Ramsey arrested for allegedly biting man's nose after Arkansas college football game
▼ + stars: | 2022-09-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man's nose in an Arkansas parking garage following a college football game. The altercation happened in a parking garage near Razorback Stadium after the University of Arkansas football game, according to a preliminary police report. Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey's car. The Subaru owner then got out of his car, and Ramsey allegedly started punching him and bit his nose, "ripping the flesh on the tip of the nose," according to the report. Prior to joining the maker of meat alternatives, Ramsey spent three decades at Tyson Foods, overseeing its poultry and McDonald's businesses.

☆ Montana defies order on transgender birth certificates
▼ + stars: | 2022-09-16 | by ( Associated Press | ) www.nbcnews.com time to read: +6 min

— Just hours after a Montana judge blocked health officials from enforcing a state rule that would prevent transgender people from changing the gender on their birth certificate, the Republican-run state on Thursday said it would defy the order. District Court Judge Michael Moses chided attorneys for the state during a hearing in Billings for circumventing his April order that temporarily blocked a 2021 Montana law that made it harder to change birth certificates. Moses said there was no question that state officials violated his earlier order by creating the new rule. ACLU attorney Malita Picasso expressed dismay with the agency’s stance and said officials should immediately start processing requests for birth certificate changes. State officials denied that the new rule preventing birth certificate changes was adopted in bad faith.

☆ Earnings playbook: The investing game plan as Apple and Alphabet lead the busiest week of the season
▼ + stars: | 2022-07-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +20 min

Tuesday Coca-Cola is set to report earnings before the bell, followed by a conference call at 8:30 a.m. Chipotle is scheduled to report earnings after the close, followed by a conference call at 4:30 p.m. Meta is set to report earnings after the close, followed by a conference call at 5 p.m. Thursday Amazon is set to report earnings after the bell, with management slated to hold a conference call at 5:30 p.m. Friday Procter & Gamble will report earnings before the bell, followed by a conference call at 9 a.m.

☆ Delta Sustainability Chief Discusses Cutting Airline’s Footprint and Shift Away From Offsets
▼ + stars: | 2022-03-31 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +11 min

Delta recently appointed company veteran Amelia DeLuca as its chief sustainability officer. Amelia DeLuca, Delta Air Lines’ chief sustainability officer Photo: Rank StudiosWSJ Pro: Where were you in December 2015 when the Paris climate accord was signed? That gave me clarity of what my role is: that we’ve got to get a running start on this. WSJ Pro: How do carbon offsets fit into what you’re doing at Delta? The second thing is really trying to understand how you connect your sustainability agenda to everyone throughout your company.

Persons: Amelia DeLuca, DeLuca, we’ve, There’s, I’ve, ? DeLuca, doesn’t, we’re, We’ve, it’s, Rochelle Toplensky Organizations: Delta Air Lines, Delta, Lines, Nations, WSJ, Air, Business, SAF, Airbus, Boeing, Delta Air, Rochelle, rochelle.toplensky@wsj.com Locations: Delta, Paris, Atlanta, Southern U.S, Netherlands, Mexico City, United States, Nations

Search resuls for: "Amelia"

25 mentions found