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☆ The restaurant stocks that are killing it in this market have one thing in common
▼ + stars: | 2024-05-12 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

When a company performs well and I interview its CEO on CNBC, I consider the stock's performance before fashioning my questions. Maybe the company had been poorly run and the guest is a new CEO who is turning it around. Once Wood picks a stock, that company can do no wrong, which is code for she can do no wrong. And take it from me, an old Mexican restaurant veteran, it travels better than any other restaurant chain. We should have just bought Dutch Bros. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: Albert Manifold, Rather, That's, Chris Gibson, Jensen Huang, Huang, Gibson, Cathie Wood, Wood, that's, Brinker, Chipotle, Chipotle execs, Taco Bell, isn't, Yum, McDonald's, Laxman Narasimhan, Howard Schultz, let's, Narasimhan, Joe, Locker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: CNBC, Pharmaceuticals, Nvidia, ARK, Gallup, Darden, Diageo, Brands, KFC, Taco, Taco Bell, Texas, Starbucks, Management, Bros, Dutch Bros, Jim Cramer's Charitable, Starbucks Corp, Health, Education, Labor, Bloomberg, Getty Locations: United States, U.S, Dublin, Ireland, Europe, Texas, Olive, East, Israel, Washington , DC

☆ Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
▼ + stars: | 2024-05-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

High-income consumers helped Chipotle Mexican Grill , Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other eateries. The sector saw higher traffic growth than any other dining sector from November to February, according to GuestXM data. High-income consumers haven't felt the same pinch as those in lower-income brackets. Wingstop saw its same-store sales soar 21% in the quarter. On Thursday, the salad chain reported first-quarter same-store sales growth of 5% and raised its full-year outlook for same-store sales growth.

Persons: Chris Kempczinski, John Peyton, haven't, Wingstop, Michael Skipworth, Jonathan Neman Organizations: Starbucks, KFC, Yum Brands, CNBC, Dine Brands

☆ US brands like McDonald's and Starbucks are facing mounting backlash in the Middle East as tensions rise
▼ + stars: | 2024-05-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Read previewFor the second quarter in a row, America's biggest fast-food brands continued to see their sales hit by consumer boycotts in the Middle East. McDonald's said last week that it took a sales hit from "the ongoing war in the Middle East" at restaurants in that part of the world. AdvertisementSome consumers in the Middle East and other parts of the world have avoided brands associated with the US, citing America's support of Israel. At Starbucks, the problems in the Middle East took a toll on second-quarter international sales, CFO Rachel Ruggeri said. The analysts wrote that "a social media narrative around [Starbucks'] position on the Middle East may be the primary driver" of slower sales in the US.

Persons: —, McDonald's, Ian Borden, We're, Chris Kempczinski, Rachel Ruggeri, Laxman Narasimhan, David Gibbs, Gibbs Organizations: Service, Business, Starbucks, Bank of America, KFC, Yum ! Brands Locations: Japan, Europe, America, Domino's, Gaza, Israel, China, North America

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow fast food got so expensiveSticker shock is making customers think twice about their favorite fast-food chains. McDonald's and Yum Brands, which owns KFC, Taco Bell and Pizza Hut, missed analyst estimates in their 2024 first-quarter earnings. The limited-service restaurant category saw prices rise more than 46% over the course of the past decade, according to the U.S. Bureau of Labor Statistics. Experts say that increasing labor costs are the primary driver.

Organizations: Yum Brands, KFC, Taco Bell, U.S . Bureau of Labor Statistics

☆ We need to talk about whatever's happening with Starbucks' drinks
▼ + stars: | 2024-05-04 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +6 min

Whatever is happening on the Starbucks menu right now is making me feel like I'm a senior citizen. AdvertisementThe rise of complicated, multi-ingredient sweet drinks has coincided with the rise in popularity of the Starbucks app, accelerated by the start of the pandemic in 2020 when many locations couldn't take walk-in orders. I tried the newer Starbucks drinks myselfMy Oleato Golden Foam Iced Shaken Espresso with Toffeenut drink, which was 360 calories and tasted like coffee ice cream. Katie Notopoulos / Business InsiderI acknowledge I'm a bit of a crank when I say: The Starbucks menu is out of control. (I should note here that my grande iced drink was 360 calories, which does seem like a dessert treat rather than a morning coffee.

Persons: —, anyone's, It's, lattes, chino, Lindsey Wasson, Katie Notopoulos, slurped Organizations: Service, Business, AP Locations: TikTok, chino

☆ Why fast-food price increases have surpassed overall inflation
▼ + stars: | 2024-05-04 | by ( Ryan Baker | ) www.cnbc.com time to read: +1 min

Fast food has become increasingly expensive — and some consumers are changing their spending habits because of it. Fast-food chains such as Chick-Fil-A and Taco Bell are included in the limited-service meals and snacks category in the consumer price index report, which shows prices are up nearly 28% from 2019 to 2023. The full-service meals and snacks category, which covers sit-down restaurants with servers, meanwhile, has increased about 24% and overall CPI was up by about 19% in the same time period. "There were increased commodity costs. "But what continues to be ahead of historical averages is the increase in labor costs that restaurants are seeing."

Persons: Taco Bell, We've, Stephens, Jim Salera, McDonald's Organizations: Yum Brands, KFC, Taco Bell Locations: California

☆ PowerPoint Parties: Gen Z Trend Shows How Work Invades Social Lives
▼ + stars: | 2024-05-02 | by ( Emily Stewart | ) www.businessinsider.com time to read: +7 min

Case in point: the PowerPoint party, where people get together to show each other presentations on various topics in the name of having fun. It's a chance to be creative and turn something you do at work into something silly and social. The rise of the PowerPoint party also speaks to the workification of our day-to-day lives. Perhaps it's no surprise that young adults who had their childhood activities scheduled down to the minute are embracing the PowerPoint party. If you absolutely insist on having a PowerPoint party, God bless.

Persons: —, it's, we've, hotness, It's, Anna North, Emily Stewart Organizations: Harvard, it's Harvard, Cosmopolitan, Microsoft, Google, Monopoly, Business Locations: Canada

☆ Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's
▼ + stars: | 2024-05-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +5 min

Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. Starbucks said bad weather dragged its same-store sales lower. Wingstop , Wall Street's favorite restaurant chain, reported its U.S. same-store sales soared 21.6% in the first quarter. This marks the second consecutive quarter that Burger King reported stronger U.S. same-store sales growth than McDonald's.

Persons: It's, McDonald's, it's, Taco Bell, January's snowstorms, we've, Ian Borden, Wall, International's Popeyes, Chris Kempczinski, Laxman Narasimhan, Narasimhan, David Gibbs, Taco, Yum, Burger, – Organizations: Starbucks Workers, D.C, Starbucks, KFC, Yum Brands, Taco, Bureau of Labor Statistics, Taco Bell, Brands Locations: Dupont Circle, Washington, Pizza, U.S, Australia, Canada, Germany, Japan, Taco

☆ Stocks making the biggest moves premarket: Pfizer, CVS, Amazon, Starbucks and more
▼ + stars: | 2024-05-01 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Pfizer — Shares climbed more than 2% after New York City-based Pfizer beat Wall Street's first-quarter revenue forecast and raised its full-year profit guidance. CVS expects adjusted earnings of at least $7 per share for 2024, down from previous guidance of $8.30 per share. Analysts were expecting $8.28 per share, according to LSEG. A second-quarter revenue forecast also surpassed expectations, with Pinterest forecasting sales of $830 million to $850 million vs an LSEG consensus estimate of $827 million. Fiscal third-quarter revenue of $3.85 billion missed the Street's consensus estimate of $3.95 billion, according to LSEG.

Persons: Wall, Marriott, Estée Lauder, Estee Lauder, LSEG –, Kraft Heinz —, Powell, Macheel, Alex Harring, Sarah Min, Michelle Fox Organizations: Pfizer —, New, Pfizer, CVS, Marriott, LSEG, Starbucks, AMD —, AMD, Yum, KFC, Taco Bell, Powell Industries Locations: New York City, LSEG, Houston

☆ Stocks making the biggest moves midday: Super Micro Computer, Starbucks, Pfizer and more
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Super Micro Computer — The server vendor dropped 15% after missing revenue expectations for its fiscal third quarter. However, Super Micro beat analysts' expectations for its adjusted earnings and hiked its revenue guidance for its fiscal 2024 year. Starbucks posted adjusted earnings of 68 cents per share on revenue of $8.56 billion. Pfizer now expects adjusted earnings of $2.15 to $2.35 per share for the full year, higher than its previous forecast of $2.05 to $2.25 per share. Yum Brands — The fast-food giant lost nearly 4% after it reported quarterly adjusted earnings and revenue that missed analysts' expectations.

Persons: Joseph Otting, —, Cowen, Skyworks, SiriusXM, Goldman Sachs, Powell, Estée Lauder —, Estée Lauder, Kraft Heinz, Pinterest's, Alex Harring, Yun Li, Lisa Kailai Han, Hakyung Kim, Michelle Fox Organizations: New York Community Bank, Super Micro, Starbucks, Pfizer, Apple, Amazon Web Services, CVS, Powell Industries, Wall, LSEG, Brands, KFC, Pizza, Taco, JPMorgan Locations: Houston, Taco Bell's

☆ Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
▼ + stars: | 2024-05-01 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers. Yum's global same-store sales also fell 3% in the quarter, missing StreetAccount estimates of 0.2% same-store sales growth. Across Yum's three largest brands, only Taco Bell reported same-store sales growth. Taco Bell's U.S. locations reported same-store sales growth of 2%, while its international business posted a decline of 2%. Pizza Hut reported same-store sales dropped 7%, as demand lagged both in its home market and internationally.

Persons: Taco Bell, Yum Organizations: Yum Brands, KFC, LSEG Locations: Austin , Texas, Yum's, Mexican, Bell's U.S, U.S, China

☆ Labor Day isn’t the holiday it once was for China’s workers
▼ + stars: | 2024-04-30 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —Like hundreds of millions of workers in China, Hao Zeyu, an algorithm engineer at an electric vehicle maker, is getting five days off this week for the Labor Day holiday. So, why has a decades-old policy caused so much upset in a country whose Communist Party leadership pays annual homage to International Workers’ Day? Trending topicIn recent weeks, complaints about this year’s Labor Day leave arrangements have exploded on Chinese social media. Tourists visit the Qiansimen Jialing River Bridge during the May Day holiday on May 1, 2023 in Chongqing, China. Labor Day isn’t the only holiday to get the adjusted rest policy.

Persons: Hao Zeyu, Hao, “, ” Hao, ”, Yao, Max Teng, it’s, Yaer Tuerdi, Pang Dong Lai, Yu Donglai, Yu, Teng Organizations: Hong Kong CNN, Labor, CNN, Communist Party, International Workers, Workers, Weibo, Tourists, China News Service, University of Wellington, “ Workers Locations: China, Hong Kong, Chongqing, United States, United Kingdom, Kentucky, Henan

Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts' expectations for first-quarter adjusted earnings. PayPal — Shares gained 3.6% after the payment company posted $7.70 billion in first-quarter revenue, beating analysts' estimates for $7.51 billion, according to LSEG. The chipmaker posted adjusted earnings of $3.24 per share, higher than the consensus estimate of $3.16 per share, according to LSEG. Earnings of 24 cents per share on $1.37 billion in revenue exceeded consensus forecasts of 11 cents and $1.36 billion, according to FactSet. Adjusted earnings of 71 cents per share topped anticipated earnings of 65 cents per share.

Persons: Eli Lilly —, Eli Lilly, drugmaker, Jefferies, Tesla, Goldman Sachs, Tenet, Corning, FactSet, Sysco, Medifast, Paccar, Bob Bakish, Skydance, Needham, Macheel, Michelle Fox, Yun Li, Lisa Kailai Han, Pia Singh, Sarah Min Organizations: PayPal —, PayPal, Semiconductor, Tenet, FactSet, Technology, GE Healthcare Technologies, LSEG, Taco Bell, KFC, Paramount Global, CBS, Paramount Locations: Indianapolis, China, LSEG, FactSet, Houston

☆ The Fed will be the main event in the week ahead that includes a jobs report, more tech earnings
▼ + stars: | 2024-04-26 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.

Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources

☆ Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.
▼ + stars: | 2024-04-23 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . They're struggling to make it in big cities as the world's second-largest economy suffers from a flailing property market and slow post-pandemic consumption recovery. Going big on smaller citiesChina's smaller cities aren't exactly an untapped market. KFC and Pizza Hut operator Yum China, which plans to add 6,000 stores in China by 2026, is also betting big on small cities. AdvertisementThe cost of living crisis driving young people out of China's big cities is a trend that echoes across continents.

Persons: —, MetroDataTech, They're, Joey Wat, DPC, Canyandata Organizations: Migrants, Service, KFC, Bloomberg, Starbucks, Yum Locations: megacities, Shanghai, Shenzhen, MetroDataTech, China, Beijing, —, Yum China, Local, Fuzhou, Korea, New York City, London

☆ Jim Cramer shares his thoughts on Tesla, Cisco Systems, Verizon, Prologis and Papa John's
▼ + stars: | 2024-04-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

Tesla : Shares fell more than 4% after the electric vehicle maker issued another round of price cuts in major markets including the U.S., Germany and China. I think you have to wait to see what they say rather than make a judgement," Jim Cramer said. Cisco Systems : JPMorgan analysts resumed coverage of Cisco Systems with a neutral rating and $53 price target, citing a muted medium-term earnings growth outlook. Verizon : Shares fell nearly 3% after the telecommunications giant delivered an earnings beat and lost fewer-than-expected wireless subscribers in the three months ended March 31. Papa John's : Shares rose about 1.5% after analysts at Stifel upgraded the pizza chain to hold from sell, contending expectations are reasonable.

Persons: Jim Cramer's, Tesla, Jim Cramer, Chuck Robbins, Cramer, John's, Papa Organizations: CNBC, Club, Cisco Systems, JPMorgan, Verizon, BMO Capital Markets, Seattle, Stifel Locations: U.S, Germany, China, New Jersey, Papa John's

☆ These 10 retail brands are the fastest growing in the U.S., Yelp says
▼ + stars: | 2024-04-10 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

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 a new Yelp report. Of the 50 fastest-growing chains in Yelp's report, 35 were restaurant brands. Jack in the Box, First Watch and Dutch Bros were among the public restaurant chains included in the report, but they didn't crack the top 10. Popeyes' higher sales have encouraged franchisees to open more locations and led new operators to join the brand, Restaurant Brands executives have previously said. In 2023, Popeyes surpassed KFC as the second-most popular chicken chain in the U.S. by sales, trailing only Chick-fil-A.

Persons: Jack, Levi Strauss, Cava CAVA, Cava, Zachary Lucy, Scott Olson, Darden, Yum, Stephanie Dhue, Tim Hortons, Burger King, Randy Risling, Popeyes, Michael Siluk, Freddy's, Kyle Rivas, It's, Justin Sullivan Organizations: Dutch Bros, Publicly, Nordstrom, Costco, New York Stock Exchange, Pacific Coast League, Omaha Storm, Memphis Redbirds, AP, LongHorn, Getty, Darden, steakhouse, Parent, Yum Brands, Taco Bell, KFC, East, CNBC, Wawa, Toronto Star, Brands, Restaurant Brands, UCG, Thompson, Capital Partners, Rally House, Kansas City Chiefs, Tampa Bay Buccaneers, Subs Locations: U.S, Cava, Werner, Omaha , Nebraska, Nebraska, Skokie , Illinois, California, West, Wawa, Bethany Beach , Delaware, Philadelphia, It's, Louisiana, Lansing , Kansas, Kansas City , Missouri, Midwest, Pennsylvania, Arizona, Olive, Lincolnwood , Illinois, Jersey, Petaluma , California

☆ These stocks offer growth at a reasonable price as the second quarter kicks off
▼ + stars: | 2024-04-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

The S & P 500 jumped 10.2% in the first quarter, while the Dow Jones Industrial Average and Nasdaq Composite gained 5.6% and 9.1% each, respectively. With this in mind, CNBC Pro screened for stocks that can give investors "growth at a reasonable price," or GARP. The screener showed that GARP opportunities exist in a diverse array of sectors across the S & P 500. RCL LVS,.SPX YTD mountain Royal Caribbean and Las Vegas Sands versus the S & P 500 in 2024 Restaurant chain Yum! The stock is lagging the S & P 500 in 2024, rising 6.8% compared to the broader market's 8.8% increase.

Persons: RCL LVS, Cardinal Health's Organizations: CNBC Pro, Dow Jones Industrial, Nasdaq, Sands, Royal, Las Vegas, Vegas Sands, Brands, Taco, Cigna, Cardinal Health Locations: That's, Caribbean, Royal Caribbean, Las, Taco Bell

☆ Fast-food chains like Burger King, Shake Shack, and KFC are doubling down on digital order kiosks — but watch out, you'll probably end up spending more
▼ + stars: | 2024-04-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Fast-food giants are rapidly deploying more order kiosks in the US. AdvertisementMajor US fast-food chains plan to aggressively add more digital order kiosks to their restaurants – and bring in bigger checks in the process. They make up "well over" half of its in-restaurant orders at these locations, CFO Katie Fogertey told investors in November. As well as labor savings, kiosk orders "tend to skew to dine-in" and thus use less packaging than other digital orders, she said. In the US, digital orders currently make up just 15% of Burger King's sales.

Persons: Patrick Doyle, —, Burger, Josh Kobza, Shack, Katie Fogertey, Chris Turner, Turner, Sharon Zackfia, William Blair, Fogertey, Grace Dean, Randy Garutti, cashiers, Fogerty, Andy Barish, Jon Tower, Kobza, Zackfia, Barish, Popeyes, Tim Hortons Organizations: Service, Restaurant Brands, Brands, Taco Bell, KFC, Business, Jefferies, Citi, Burger, Firehouse, North Star Locations: Taco, China, London, millennials

☆ U.S. consumer plays in China are more than coffee and iPhones. Stocks to watch
▼ + stars: | 2024-03-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Domino's Pizza's China operator DPC Dash reported Wednesday its 26th straight quarter of same-store sales growth — including the pandemic period. Pizza push Domino's has a roughly 14% stake in DPC Dash, which listed in Hong Kong about a year ago. Woo has a buy rating on DPC Dash and a price target of 73.05 Hong Kong dollars. "Chinese people do eat pizza," DPC Dash CEO Wang said. Yum China, which owns Pizza Hut in China among other brands, is set to release earnings in late April.

Persons: DPC Dash, they've, Xi Jinping, Papa John's, Papa, DPC, Aileen Wang, Wang, Walter Woo, Woo, McDonald's, That's, Christopher J, Kempczinski Organizations: Starbucks, Apple, HSBC, U.S, DPC, Advertising, Hong, Hong Kong Stock Exchange Locations: China, Shanghai, U.S, DPC, Hong Kong, North America, Beijing, Xi'an, Changsha, FY24E, Thurs

☆ Frankenstein restaurants like a Taco Bell-Pizza Hut combo are popping up everywhere
▼ + stars: | 2024-03-25 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. The 2002 annual report for Yum Brands, the parent company of Pizza Hut, Taco Bell, and KFC, among other restaurant chains, lays out why the much-memed combination Taco Bell-Pizza Hut existed in the first place. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands. Do you work at a major restaurant like McDonald's, Pizza Hut, or Taco Bell and have a story idea to share?

Persons: —, Bell, It's, John Peyton, Dine, Payton, Peyton, Das, Taco Bell, David Novak, Novak, Yum, Frankenrestaurants, hasn't, Long John Silver, John Silver, Long John Silver's, Rob Seely, Seely, Taco Organizations: Service, Dine Brands, Yum Brands, KFC, Bell, Brands, Darden, Business, WD Partners, Taco Bell Locations: Leon , Mexico, Applebee's, IHOP, Pizza, Taco, Kentucky

☆ Frankenstein restaurants are popping up everywhere, but they aren't actually that successful
▼ + stars: | 2024-03-23 | by ( Alex Bitter | ) www.businessinsider.com time to read: +6 min

AdvertisementIn 2008, Hip Hop trio Das Racist caught the attention of the internet with their song "Combination Pizza Hut and Taco Bell." Its most recent dual-branded restaurant opening was in Leon, Mexico, and the company is contemplating opening more in the US, CEO John Peyton said. Related storiesSo Yum turned to Frankenrestaurants — like the combination Pizza Hut-Taco Bell — to offer a wider variety of options under one roof. Major restaurant brands also frequently change ownership, making it hard to decouple multi-branded locations if a company decides to sell one. In the past, some restaurant brands have put together brands that don't complement each other, said Rob Seely, associate vice president of operations, strategy, and design at WD Partners, which advises restaurant brands.

☆ For those without college degrees, more paths are opening to better-paying jobs
▼ + stars: | 2024-03-08 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +7 min

New York CNN —For decades, not having a college degree has often been a barrier for workers seeking a higher-level, better-paying job. That means the lack of college degrees can’t be ignored, since Blacks and Hispanics are least likely to have a bachelor’s degree. “[D]espite the limited progress to date, our analysis shows that, for those who embrace it, skills-based hiring … yields tangible, measurable value. Skills-based hiring boosts retention among non-degreed workers hired into roles that formerly asked for degrees,” they said. The tool is aimed at lower-wage workers without college degrees.

Persons: Joe Biden, Ken Frazier, ”, George Floyd’s, Frazier, Debbie Dyson, Keith Wardrip Organizations: New, New York CNN, Census Bureau, ”, Merck, Blacks, MIT, Accenture, Yum ! Brands, Harvard Business School, Glass Institute, Directionally, Federal, Occupational Mobility, Philadelphia Fed, Federal Reserve Bank of Philadelphia Locations: New York, America, workforces, Philadelphia, Cleveland, Cincinnati

☆ Starbucks is laying off thousands of workers in the Middle East in response to Gaza boycotts
▼ + stars: | 2024-03-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks’ Middle East franchisee, Alshaya Group, is cutting thousands of jobs at its coffee shops because of a “challenging” work environment as the chain grapples with boycotts over the brand relating to Israel’s war against Hamas in Gaza. Kuwait-based Alshaya has owned rights to operate Starbucks in the Middle East for more than 25 years and operates around 1,300 locations across the region, employing about 11,000 people. Starbucks’ most recent earnings report missed expectations, partially because of weaker sales in the region. Starbucks isn’t alone: McDonald’s said last month that it’s experiencing “meaningful business impact” in the Middle East because of the war. Brands, which owns KFC and Pizza Hut, said its chains’ “sales were impacted by the conflict in the Middle East region with varying degrees of impact,” which dented same-store sales growth in several countries.

Persons: Alshaya, “, ”, McDonald’s Organizations: New, New York CNN, Starbucks, East, Alshaya, CNN, Reuters, Alshaya Group, Brands Locations: New York, Gaza, East, Northern Africa, Kuwait, Western

☆ These 3 restaurant stocks are breaking out, according to the charts
▼ + stars: | 2024-03-06 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

This prompted us to investigate the group further, which revealed that various stocks are sporting constructive technical formations. Restaurant stocks charts showing strength McDonalds (MCD) has had a wild ride over the last 10 months and now sits at the same price level that it was trading at last April — eleven months ago. MCD isn't the only restaurant stock that's sporting an attractive technical pattern. On the weekly chart, Restaurant Brands International (QSR) looks very similar to MCD, having formed its own inverse-head-and-shoulders formation over the last year. While this is no indication of what could happen now to MCD, YUM and QSR, it shows how breaking through multi-year resistance can attract momentum.

Persons: that's, —, Frank Cappelleri Organizations: Brands, Texas

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