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☆ Exclusive: Kazakh McDonald's shut outlets temporarily after halting supplies from Russia - sources
▼ + stars: | 2022-11-30 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +3 min

In a statement, the U.S.-based company said that its "licensee in Kazakhstan has temporarily closed all of its restaurants due to local supply issues. Food Solutions, the Kazakh licensee company, announced the closure on Nov. 17 and cited "local supply issues." After Russia invaded Ukraine in what Moscow calls a "special military operation", McDonald's exited Russia, selling all the restaurants it owned to a local licensee in May. It was unclear where the decision to ditch Russian suppliers originated. Marr Russia, one of the Kazakh company's Russian suppliers, said it never worked directly with McDonald's, dealing with its Kazakh logistics partner HAVI instead.

☆ Exclusive: Kazakh McDonald's shut outlets temporarily after halting supplies from Russia-sources
▼ + stars: | 2022-11-29 | by ( Mariya Gordeyeva | ) www.reuters.com time to read: +3 min

Joe LaPaille, a spokesperson for McDonald's Corporation based in the United States, said in an email: "Our McDonald's licensee in Kazakhstan has temporarily closed all of its restaurants due to local supply issues. Food Solutions, the Kazakh licensee company, announced the closure on Nov. 17 and cited "local supply issues." It was unclear where the decision to ditch Russian suppliers originated. Marr Russia, one of the Kazakh company's Russian suppliers, said it never worked directly with McDonald's, dealing with its Kazakh logistics partner HAVI instead. Miratorg said it was a supplier for Vkusno & Tochka, the Russian successor to McDonald's, and did not directly address the question of Kazakh sales.

[1/2] The Apple iPhone 14, The Apple iPhone 14 Pro and the Apple iPhone 14 Pro Max are seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. Similarly, Abisha Luitel wanted to get an iPhone 14 Pro for her 21-year old cousin. In a statement on Nov. 7, it said it expected lower iPhone 14 Pro and iPhone 14 Pro Max shipments than previously anticipated. Foxconn's plant in China makes Apple's premium models including the latest iPhone 14 Pro, a source told Reuters. At an Apple store in a Bethesda, Maryland mall, an employee said there were almost no 14 Pro and Pro Max in stock.

☆ Starbucks U.S. workers at 100 stores hold one-day walkout
▼ + stars: | 2022-11-17 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 17 (Reuters) - Workers at more than 100 U.S. company-owned Starbucks locations are striking for one day on Thursday to protest what they say is illegal retaliation against their union organizing. The walkout comes on the one day each year that Starbucks gives away reusable, red, holiday-themed cups to customers with coffee purchases. The workers say they are underpaid and don't have consistent schedules. They are also protesting firings, store closures and other actions they say are illegal retaliation by Starbucks against them for unionizing. The union handed out its own version of the red cups, but with its Starbucks Workers United design.

☆ Starbucks U.S. workers at 100 stores plan one-day walkout
▼ + stars: | 2022-11-17 | by ( Hilary Russ | ) www.reuters.com time to read: +1 min

NEW YORK, Nov 17 (Reuters) - Workers at more than 100 U.S. company-owned Starbucks locations plan to strike for one day on Thursday to protest what they say is illegal retaliation against their union organizing. The walkout comes on the one day each year that Starbucks gives away reusable, red, holiday-themed cups to customers with coffee purchases. The workers say they are underpaid and don't have consistent schedules. They are also protesting firings, store closures and other actions that they say are illegal retaliation by Starbucks against them for unionizing. After they walk off the job on Thursday, the unionized employees plan to hand out their own version of the red cups - but with their Starbucks Workers United design.

☆ Burger King parent taps ex-Domino's CEO as executive chairman
▼ + stars: | 2022-11-16 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

Its share price surged from $12 in 2010, when he took over as CEO, to $271 when he left in 2018. RBI's share price closed at $59.74 on Tuesday, roughly flat from where it was five years ago. Behring and Schwartz are co-managing partners of 3G Capital Partners Ltd, which owns 29% of RBI's shares. Doyle agreed to buy 500,000 shares worth about $30 million and to hold them for five years, subject to regulatory approvals. He will also get 750,000 performance share units that pay out if he hits certain performance criteria.

Nov 3 (Reuters) - Starbucks Corp (SBUX.O) topped Wall Street estimates for quarterly comparable sales and profits on Thursday, saying it will weather any coming recession by selling customized cold drinks through its rewards app to grow its ranks of younger, wealthier customers. Even so, wealthier people keep buying pricier food and drinks from Starbucks and Chipotle Mexican Grill Inc (CMG.N). Some analysts and investors have questioned how Starbucks can meet its global sales guidance of 7% to 9% growth for 2023, especially amid worsening economic conditions. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. read moreGlobal comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise.

☆ Starbucks beats quarterly sales estimate on pricey drinks, robust demand
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +2 min

Shares in the Seattle-based company rose about 3% in after-market trading, as Starbucks also posted a smaller-than-feared decline in sales in China - its fastest growing market. While restaurants such as McDonald's Corp (MCD.N) and Yum Brands Inc (YUM.N) have drawn inflation-hit Americans with cheaper meals, higher priced Starbucks coffee and cold beverages have enjoyed a steady stream of higher-income customers. Wall Street analysts expected Starbucks' comparable sales in China to drop by 20%, according to analysts at Gordon Haskett. "We saw accelerating demand for Starbucks coffee around the world in Q4 and throughout the year," said interim Chief Executive Officer Howard Schultz. Global comparable sales at Starbucks rose 7% in the fourth quarter ended Oct. 2, while analysts on average had expected a 4.2% rise, according to Refinitiv IBES.

☆ McDonald's beats sales estimates on boost from pricier menu
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - McDonald's Corp (MCD.N) beat quarterly comparable sales estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals. Chipotle Mexican Grill Inc (CMG.N) on Tuesday also beat quarterly sales and profit estimates as it passed on higher prices to customers. Comparable sales for McDonald's in the United States, the company's biggest market, rose 6.1% in the reported quarter helped by higher prices. Analysts have noted that an easing in gas prices also boosted third-quarter restaurant sales in the United States in general after a slowdown in June. That still beat estimates of $5.69 billion.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. A strong dollar has hurt the overseas profits of large firms, while soaring inflation has prompted interest rate hikes and companies to raise product prices, even as consumers have been forced to cut spending. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Last week, its smaller rival Snap Inc (SNAP.N) forecast no revenue growth for the holiday quarter, setting off warning bells in the social media industry. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%.

[1/3] The logo for Google LLC is seen at the Google Store Chelsea in Manhattan, New York City, New York, U.S., November 17, 2021. Google's results bode ill for Facebook parent Meta Platforms (META.O), which is especially reliant on advertising and reports results on Wednesday. Microsoft fell 2% and chipmaker Texas Instruments , which forecast quarterly revenue and profit below estimates, was down 5%. Shares in Spotify (SPOT.N), which also warned on slow advertising growth, slid 4%. "During the quarter we experienced expected weakness in personal electronics and expanding weakness across industrial," said TI boss Rich Templeton.

☆ Chipotle beats quarterly sales estimates on steady demand
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] The logo of Chipotle is seen on one of their restaurants in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew KellyOct 25 (Reuters) - Chipotle Mexican Grill Inc (CMG.N) on Tuesday reported quarterly higher sales that topped Wall Street expectations, as higher menu prices did not dissuade the restaurant's affluent customers from digging into its burritos and rice bowls. Comparable sales at the California-based chain jumped 7.6% in the third quarter ended Sept. 30, while analysts on average had expected a 7.3% rise, according to Refinitiv IBES. Shares of the company rose 1% in extended trading. Shares of the company rose about 4% in extended trading, as its restaurant level margin also rose to 25.3% from 23.5% a year earlier.

☆ Yum Brands to fully exit Russia with deal to sell KFC stores
▼ + stars: | 2022-10-24 | by ( Hilary Russ | Tatiana Bautzer | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 24 (Reuters) - Yum Brands Inc (YUM.N) on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator, which also owns the Taco Bell and Pizza Hut brands, will transfer ownership of its Russian KFC locations, operating system and master franchise rights to Smart Service Ltd, which is run by existing Russian KFC franchisees Konstantin Yurievich Kotov and Andrey Eduardovich Oskolkov, Yum said in a press release. Once it is completed, Yum "will have ceased its corporate presence in Russia," the company said. In July, Yum said it transferred ownership of its Pizza Hut assets to a local Russian operator. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Hilary Russ; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

☆ Starbucks sends dates, locations for bargaining sessions with workers union
▼ + stars: | 2022-10-10 | by ( Reuters Staff | ) www.reuters.com time to read: 1 min

FILE PHOTO: Starbucks employees who support unionization protest in the company's hometown ahead of Investor Day, in Seattle, Washington, U.S. September 12, 2022. REUTERS/Hilary Russ/File Photo(Reuters) - Starbucks Corp said on Monday it has sent dates and locations covering 79 stores for contract bargaining sessions to Workers United, the union which represents employees of the world’s largest coffee chain at about 200 cafes. Workers United did not immediately respond to a Reuters request for comment. The union had previously said employees at some stores have waited over five months to start discussions on issues including worker safety and discrimination at the workplace. Starbucks has come under pressure over the past year, with workers in at least 240 company-owned stores in the United States unionizing and pushing for higher wages and better employee benefits.

☆ Starbucks could face 'just cause' bids at hundreds of unionized U.S. cafes
▼ + stars: | 2022-09-26 | by ( Hilary Russ | ) www.reuters.com time to read: +2 min

A Starbucks sign is show on one of the companies stores in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake//File PhotoNEW YORK, Sept 26 (Reuters) - Starbucks plans to start negotiating its first labor contracts with employees at hundreds of unionized U.S. cafes in October, the coffee chain said on Monday. Baristas and shift supervisors in at least 240 company-owned U.S. Starbucks Corp (SBUX.O) locations have unionized in a little over a year. More than 110 Starbucks employees have been terminated for minor issues as retaliation for their union organizing, Moore said. No Starbucks employees have or will be disciplined for supporting unions, the company said earlier this month.

The logo for McDonald's restaurant is seen as McDonald's Corp. reports fourth quarter earnings, in Arlington, Virginia, U.S., January 27, 2022. REUTERS/Joshua Roberts/File PhotoRegister now for FREE unlimited access to Reuters.com RegisterCompanies McDonald's Corp FollowSept 20 (Reuters) - McDonald's Corp (MCD.N) has been ordered by a U.S. judge to defend against media entrepreneur Byron Allen's $10 billion lawsuit accusing the fast-food chain of "racial stereotyping" by not advertising with Black-owned media. Olguin dismissed an earlier version of Allen's lawsuit last November, finding no proof of intentional and purposeful discrimination against his companies. read moreThe case is Entertainment Studios Networks Inc et al v McDonald's Corp, U.S. District Court, Central District of California, No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jonathan Stempel and Hilary Russ in New York; Editing by Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

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