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That’s just one example of companies eliminating an endless assortment of products to boost profit. Hormel is cutting some pepperoni products. Cutting products boosted companies’ profit margins by 0.9% compared to 2019, L.E.K. The strategy is going to make customers’ choices “a little simpler” and reduce re-stocking work for store employees, he said. Companies can upset customers who are loyal to a specific version of a product, pushing them to switch to another brand or stores’ private-label versions.
Persons: New York CNN — Pepperoni, Applegate, Jennie, Hormel, , That’s, Gene J, Rob Wilson, Levi’s, Todd Vasos, Scott Olson, Gina Goetter, Bob Eddy, Taco Bell, David Garfield, “ We’ve Organizations: New, New York CNN, CNN, Companies, L.E.K, Consulting, Starbucks, Hasbro, Dollar, BJ’s Wholesale, Walmart Locations: New York, Turkey, mayo, Asia
Taco Bell is reviving five menu items from past decades for a limited time. We tried the new Decades menu and the Meximelt was our clear favorite. When the first Taco Bell restaurant opened in Downey, California, in 1962, it offered just five menu items: frijoles, tostadas, burritos, tacos, and a chili burger. Now, Taco Bell is hoping to evoke a sense of nostalgia in customers with its new "Decades" menu that features five of its previously discontinued items. We tried four items on Taco Bell's new Decades menu (the Caramel Apple Empanada will be released on November 21) and ranked them from our least favorite to our favorite.
Persons: Taco, , Bell, Taco Bell, Wendy's, SpongeBob, Patty, Burger, McDonald's Organizations: Taco Bell, Service, Paramount, Nickelodeon, Burger King, Fast Company Locations: Downey , California
When Taco Bell announced the event back in July, it invited hundreds of fast-food lovers to slow down and enjoy "early retirement" with all-you-can-eat Taco Bell meals and "senior-inspired recreation." Hanging among the racks were limited-edition Taco Bell merchandise, vintage T-shirts, basketball shorts, hot pants, and many, many hats. I opted for the Cantina chicken burrito and soft taco, my favorite new menu items at Taco Bell. Tim revealed he was an avid runner who had trekked two miles to grab a single taco from Taco Bell for 97 days in a row. Anneta Konstantinides/Business InsiderWhen I asked Rotter why Taco Bell was so important to him, he recalled a trip to the only Taco Bell in Hawaii that sells kalua pork, where the staff lit up over his Hawaiian Taco Bell shirt.
Persons: , Taco, Taco Bell, Uber, tacos, Kenny Rotter, Rotter, fanny, there's, Snoop, I've, Anneta, Taylor Montgomery, Taco Bell's, Montgomery, Dolly Parton, Bell, Gen Z, Tim, dink, influencer Joey Zauzig, Zauzig, Will, James, Caroline Organizations: Service, Taco Bell, Bell, Business, New York, Subway, Planters, KFC, Mac Locations: San Diego, La Valle, San Diego's, Santa Fe, Los Angeles, San, Woodstock, LA, Taco, Hawaii, America
CNN —Some travelers pick a city break based on the destination’s cultural offerings – shortlisting the best museums and galleries to visit. It’s these gourmand travelers Time Out had in mind when the global media organization put together a new ranking of the world’s best foodie cities. “Food is everything when traveling,” Grace Beard, Time Out’s travel editor told CNN Travel. The city’s Central restaurant, recently named as number one in the 2023 World’s 50 Best Restaurants awards, naturally gets a mention too. Alexandr Milodan/iStockphoto/Getty ImagesOther cities on the list include Ho Chi Minh City (number four), Beijing (number five) and Bangkok (number six).
Persons: ” Grace Beard, margherita, Maradona’s, Andrea Viviani, , Santa, It’s, Diego Armando Maradona, Roberto Madrid, Cris Bouroncle, Thando Moleketi, Williams, Alexandr Milodan, Ho, Out’s Grace Beard, Beard, Alice Porter Organizations: CNN, CNN Travel, Santa Maradona, Naples, Getty, De, Liverpool, Michelin, Food Locations: Italian, Naples, , Lima, Peru, Peruvian, AFP, South African, Johannesburg, Braamfontein, De Beer, African, Ho Chi Minh City, Beijing, Bangkok, Portland , Oregon, , Portland, Liverpool, Cities, Italy, South Africa, Vietnam, China, Thailand, Kuala Lumpur, Malaysia, Mumbai, India, Dubai, UAE, Portland, USA, Medellín, Colombia, Seville, Spain, Porto, Portugal, Marrakech, Morocco, Lyon, France, Sydney, Australia, Montreal, Canada, Osaka, Japan, Copenhagen, Denmark
When the Mexican Pizza returned to Taco Bell in May 2022, it started selling out everywhere. Dolly Parton was happy to record a video message just for the staff to boost morale. AdvertisementWhen the Mexican Pizza finally returned to Taco Bell, the demand was intense. The beloved menu item returned in May 2022 but immediately started selling out in stores — leaving employees to deal with upset customers. This story is available exclusively to Business Insider subscribers.
Persons: Dolly Parton, , Taco Bell, Taco, Taylor Montgomery Organizations: Mexican Pizza, Taco Bell, Taco Bell's, Service, Taco, Business Locations: Mexican
And they're hoping the Cantina Chicken menu will help bring the lunch crowd to Taco Bell. Taco Bell tapped Jason Sudeikis to promote the new Cantina Chicken menu. Taco BellDuring Live Más LIVE, Liz Matthews — the chain's chief food innovation officer — told the audience of superfans that Taco Bell is always listening to their reviews of the brand. Taco Bell wants the world to know that the new Cantina Chicken menu "isn't just for late-night." Here's my ranking of all five new menu items.
Persons: Taco, Taco Bell, Jason Sudeikis, Liz Matthews, , Bell Organizations: Taco Bell, Bell, Taco
Taco Bell CMO Taylor Montgomery told BI that he eats at the chain "every other day." CEO Sean Tresvant told BI he eats at Taco Bell three to four times a week. The chain's CMO sat down with Business Insider at Live Más LIVE, its first-ever superfan convention, and revealed he eats Taco Bell "every other day." He always opts for one beef and one chicken taco, as well as a bean burrito. While their go-to orders may vary, both Montgomery and Tresvant are huge fans of Taco Bell's Cantina chicken menu, which features five new dishes — the Cantina chicken burrito, the Cantina chicken taco (available soft or crispy), the Cantina chicken bowl, and the Cantina chicken quesadilla.
Persons: Taylor Montgomery, Montgomery, Sean Tresvant, , Anneta, Sean Tresvant —, Tresvant, Liz Matthews, Taco, Taco Bell Organizations: Taco Bell, Service, Business, Taco, Bell, CNN Locations: Irvine , California, Montgomery
Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as KFC, Taco Bell and Pizza Hut all reported weaker-than-expected sales. Pizza Hut reported same-store sales declines of 2%, missing expectations of 0.6% growth. The pizza chain's U.S. same-store sales shrank 4%, while its international same-store sales were flat. The Mexican-inspired chain reported same-store sales growth of 3%, missing StreetAccount estimates of 3.8%. A year earlier, the chain reported same-store sales growth of 11%, fueled by the permanent return of its cult-favorite Mexican Pizza.
Persons: Yum, Taco Bell, David Gibbs Organizations: KFC, Taco, Yum Brands, Taco Bell, Starbucks, LSEG Locations: Taco Bell, Edmonton, Edmonton , Alberta, Canada, Israel
Dolly Parton is a huge Taco Bell fan. Dolly Parton is a huge Taco Bell fan. I brought up the chain when Parton and I sat down together on Zoom, and she was happy to share her usual Taco Bell order. Parton is also a huge fan of the Mexican Pizza, and joined forces with Doja Cat in May 2022 for "Mexican Pizza: The Musical," which celebrated its permanent return to Taco Bell menus. "I was just one of many, many people that had missed them," Parton told me.
Persons: Dolly Parton, Bridget Bennett, Parton, Taco, Carl Dean, Carl, we're, Andy Cohen, I'm Organizations: Taco Bell, Getty, Bell, Taco Supreme, Doja
Taco Bell has tested more than a dozen items across the US this year. Some items should return to the test lab, but others should go national. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementTaco Bell is widely known for testing wacky experimental menu items in various cities nationwide to gauge interest in a possible nationwide release. "Like all innovation, a lot of work goes into bringing a new menu item to life," Taco Bell told Business Insider.
Persons: Taco Bell, I've, , Bell, Taco Organizations: Service, Triple Crunch, Taco Bell, Business Locations: Chicago, Mexican, Nebraska, Indianapolis
Taco Bell didn’t reveal if a financial settlement was involved. “The response we’ve seen over the last six months since taking action to free ‘Taco Tuesday’ is the exact reason we felt it was worth freeing it in the first place,” Taco Bell’s chief marketing officer Taylor Montgomery told CNN. However, Gregory’s owners proved harder to persuade, and they said that Taco Bell made them “look bad” during an August giveaway of free tacos. “For Gregory’s Restaurant and Bar, ‘Taco Tuesday’ brought a lot of pride over the past 40 years,” said co-owner Gregory Gregory. Therefore, I am not surprised that the Gregory’s waived the white flag and surrendered its trademark registration.”Gregory’s surrender marks the final hurdle of Taco Bell’s legal battle of eliminating the trademark from its two holders.
Persons: Taco, New Jersey —, Taco Bell, Bell, Taylor Montgomery, , , Gregory Gregory, , Josh Gerben, would’ve, ” Gerben, David Gibbs Organizations: New, New York CNN, Taco Bell, CNN, Yum Brands, ‘ Taco, Locations: New York, New Jersey, Somers Point , New Jersey, Bell’s, Mexican
REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsNEW YORK, Oct 2 (Reuters) - McDonald's (MCD.N) and Wendy's (WEN.O) have defeated a lawsuit accusing them of deceiving hungry diners by exaggerating the size of their burgers. Chimienti, a resident of Long Island's Suffolk County, said McDonald's and Wendy's ads depicted undercooked beef patties because meat shrinks 25% when cooked. The complaint quoted a food stylist who said she had worked for McDonald's and Wendy's, and preferred undercooked patties because fully-cooked burgers looked "less appetizing." He said McDonald's and Wendy's were not legally obligated to sell burgers by advertising them, and that their websites provided "prominent, objective information" about the burgers' weight and caloric content. McDonald's, Wendy's and their lawyers did not immediately respond to similar requests.
Persons: Joshua Roberts, Hector Gonzalez, Justin Chimienti, Wendy's Bourbon Bacon Cheeseburger, McDonald's, Chimienti, Wendy's, Gonzalez, Burger King, Taco Bell, Jonathan Stempel, David Gregorio 私 たち Organizations: McDonald's Corp, REUTERS, District, Mac, McDonald's, Burger, Restaurant Brands, Yum Brands, Wendy's, Court, Eastern District of Locations: Arlington , Virginia, U.S, Brooklyn, Long Island's Suffolk County, Miami, Eastern District, Eastern District of New York, New York
The logo of U.S. fast food group Burger King is seen at a restaurant in Bruettisellen, Switzerland October 11, 2016. U.S. District Judge Roy Altman in Miami said Burger King must defend against a claim that its depiction of Whoppers on in-store menu boards mislead reasonable customers, amounting to a breach of contract. He dismissed claims based on TV and online ads, finding none in which Burger King promised a burger "size," or patty weight, and failed to deliver it. Burger King and its lawyers did not immediately respond to requests for comment on Tuesday. The case is Coleman et al v Burger King Corp, U.S. District Court, Southern District of Florida, No.
Persons: Burger, Arnd, Roy Altman, Burger King, Altman, Taco Bell, Coleman, Jonathan Stempel, David Holmes Organizations: REUTERS, Restaurant Brands, Yum Brands, Burger King Corp, Court, Southern District of, Thomson Locations: Bruettisellen, Switzerland, U.S, Miami, Burger, Brooklyn , New York, Brooklyn, Southern District, Southern District of Florida, New York
Yum Brands beats quarterly results estimates on KFC boost
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
[1/2] A Kentucky Fried Chicken (KFC) bucket of mixed fried and grilled chicken is seen in this picture illustration taken April 6, 2017. REUTERS/Carlo Allegri/Illustration/File PhotoAug 2 (Reuters) - Yum Brands (YUM.N) topped market estimates for quarterly results on Wednesday, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco Bell and Pizza Hut. Quarterly comparable sales at KFC rose 13%, handily beating estimates of 8.29%, and logging the best same-store sales growth in at least seven quarters. Same-store sales at Yum Brands rose 9% in the quarter ended June 30, compared with analysts' estimates of a 7.01% increase, according to Refinitiv IBES data. Excluding items, Yum Brands earned $1.41 per share, above estimates of $1.24 per share.
Persons: Carlo Allegri, Taco Bell's, Deborah Sophia, Shinjini Organizations: REUTERS, Yum Brands, KFC, Taco Bell, Brands, Thomson Locations: Kentucky, Louisville , Kentucky, Russia, Ukraine, Bengaluru
New York CNN —The photos online of Taco Bell’s Mexican Pizza last September reeled in New York resident Frank Siragusa. From webbedgiant/RedditThese claims against Taco Bell are not the first of its kind for Siragusa’s lawyers, James Kelly and Anthony Russo. Siragusa is seeking $5 million for customers who purchased Taco Bell menu items affected by false advertising practices. The lawsuit comes just as Taco Bell wrapped up its battle against Taco John’s for the “Taco Tuesday” trademark, in which the taco chain successfully petitioned for the phrase to be available for all. Taco Bell did not immediately respond to CNN’s request for comment.
Persons: Frank Siragusa, Siragusa, , Crunchwrap, , Taco Bell, James Kelly, Anthony Russo, Burger King, Bell, Taco John’s Organizations: New, New York CNN, Taco, taco, Pizza, Bell, Taco Bell's, Taco Bell, CNN Locations: New York, Brooklyn
In a proposed class action filed on Monday in Brooklyn federal court, Siragusa accused Taco Bell of deceiving consumers by falsely advertising its Mexican Pizza, Veggie Mexican Pizza, Crunchwrap Supreme, Grande Crunchwrap and Vegan Crunchwrap as containing "at least double" their actual content. He is not alleging that the items contain less content than Taco Bell describes on its website. Taco Bell, a unit of Yum Brands (YUM.N), did not immediately respond to requests for comment. "Taco Bell does not adequately disclose the weight of the beef or filling," Russo said in an email. The case is Siragusa v Taco Bell Corp, U.S. District Court, Eastern District of New York, No.
Persons: Frank Siragusa, Taco Bell, McDonald's, Anthony Russo, Burger King, Russo, Plaintiff, Jonathan Stempel, Bill Berkrot Organizations: YORK, Pizza, Taco Bell, New York City, Taco, Yum Brands, Burger, Taco Bell Corp, Court, Eastern District of, Thomson Locations: Taco, New York, Brooklyn, Ridgewood , New York, Miami, Eastern District, Eastern District of New York
Taco Bell will sell a vegan version of its popular Crunchwrap, made with plant-based beef and cheese, in three U.S. cities for a limited time, it said Wednesday. Starting Thursday, customers in Los Angeles, New York and Orlando will be able to order the Vegan Crunchwrap. Vegetarians were also among the fans who successfully pushed Taco Bell to bring back its cult-favorite Mexican Pizza. Taco Bell used pea protein and soy to make the vegan beef in the new Crunchwrap. For the vegan blanco sauce and vegan nacho sauce, Taco Bell used soy as the main base.
Persons: Taco Bell, Carne, Liz Matthews, blanco, Taco Organizations: Bell, Yum Brands, Taco Bell, CNBC, Foods Locations: U.S, Los Angeles , New York, Orlando, Ohio, Birmingham , Alabama
KFC launched a two-for-$5 promotion on fried chicken wraps earlier this year. This deal led to strong sales from low-income shoppers at KFC during the first quarter, its parent company said. "In the Q1 KFC rolled out those $5 wraps," Yum Brands CEO David Gibbs said during the call. KFC added chicken wraps to its US menu in February 2023 after a trial in Atlanta in 2022. Insider reached out to Yum Brands for more details on how long the deal would run but did not immediately hear back.
Chick-fil-A is keeping its side salad on the menu "at participating locations," the chain said. Fans said the salad was a key reason they kept visiting the fried chicken restaurant. The fast-food chain is reversing course and keeping the salad on its menu, the restaurant chain said on Friday. In March, Chick-fil-A said that it planned to stop serving the side salad in an effort to streamline its menu. One Chick-fil-A restaurant in Georgia posted about the salad's ouster on Facebook, which attracted commenters who were unhappy with the move.
Chick-fil-A is keeping its side salad on the menu "at participating locations," the chain said. Fans said the salad was a key reason they kept visiting the fried chicken restaurant. The fast-food chain is reversing course and keeping the salad on its menu, the restaurant chain said on Friday. But fans made their appreciation for the salad clear on social media after Chick-fil-A announced that it would be discontinued. One Chick-fil-A restaurant in Georgia posted about the salad's ouster on Facebook, which attracted commenters who were unhappy with the move.
Fast-food chains are looking like the big winners in the fourth quarter — and beyond — as fast-casual and casual-dining restaurants struggle to attract customers. Many publicly traded restaurant companies haven't reported their latest quarterly results yet, but for those that have, a pattern is emerging. The fast-food giant said U.S. same-store sales climbed 10.3%, helped in part by low-income consumers returning more frequently than they had for the prior two quarters. Taco Bell's domestic same-store sales climbed 11%, boosted by increased breakfast orders, the return of Mexican Pizza and its value meals. Pizza Hut's U.S. same-store sales grew 4%, while KFC's ticked up 1% as it faced tough year-ago comparisons.
Taco Bell powers Yum Brands quarterly results beat
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +2 min
[1/4] A woman eats Taco Bell inside the first digital-only U.S. cantina location at Times Square in New York City, U.S., April 14, 2021. REUTERS/Shannon StapletonFeb 8 (Reuters) - Yum Brands Inc (YUM.N) beat Street estimates for quarterly sales and profit on Wednesday, as more cash-strapped consumers flocked to its Taco Bell restaurant chain for pocket-friendly meals and snacks amid still high inflation. Total same-store sales at Yum rose 6% in the fourth quarter, while analysts were expecting a 4.57% increase, according to Refinitiv IBES data. Excluding one-time items, Yum Brands earned $1.31 per share for the three months ended Dec. 31, beating estimates of $1.26. McDonald's Corp (MCD.N) last week also topped quarterly profit and sales estimates, boosted by higher menu prices and increased customer visits at the burger giant's outlets.
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To compete with rivals such as McDonald’s during lunchtime, the chain is considering permanently adding fries to its menu, Taco Bell CEO Mark King said during an investor event Tuesday. Taco Bell has put nacho fries, its take on French fries, on the menu periodically as a limited-time offering since the item launched in 2018. Taco Bell is considering adding fries to the menu permanently. Craig Barritt/Getty Images for Taco BellBut by keeping fries on the menu year-round, Taco Bell could potentially steal some of its rivals’ customers. In the past, Taco Bell has tested nacho fries topped with steak and ranch sauce, and is currently offering seven-layer nacho fries loaded with beef, black beans, guacamole and more.
I tried Taco Bell's Beyond Meat quesadilla at the only place it's available in the US. Cassy Crabtree tried Taco Bell's Beyond Carne Asada Steak Quesadilla. Cassy Crabtree On October 13, Taco Bell introduced its new Beyond Meat Carne Asada Steak Quesadilla. Taco Bell I visited my local Taco Bell in Tipp City, Ohio (a suburb of Dayton). I tried Taco Bell's Beyond Carne Asada Steak Quesadilla.
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