A ruling by the EU Intellectual Property Office went against McDonald's (MCD) today.Read More...
The investment company also lowered its price target on the coffee chain to $68 from $75.
China will cut its GDP growth target for 2019 to 6 percent from 6.5 percent at a government meeting in March, according to a Reuters report citing policy sources. China’s policymakers are also reportedly considering stimulus measures to boost the economy amidst trade tensions with the U.S. and slowing domestic demand.
Chipotle, eager to promote itself as a healthy choice, tweaked its menu to fit with trendy diet plans.
Beginning Wednesday, the Mexican food chain will begin offering "Lifestyle Bowls," a new collection of meals that fit into paleo, ketogenic and Whole30 diets.READ MORE...
2018 proved to be a miserable year for the U.S. stock market.Out of the 505 companies in the S&P 500, only 160 managed to post a positive year in 2018 – less than a third.
Amidst such a challenging environment, Chipotle emerged as one of the best stocks of 2018 after its shares soared nearly 50% in 2018 — the stock's best performance since its 80% surge in 2013.
Chipotle’s investors scored big in 2018, thanks to the new CEO of the company, Brian Niccol, who not just helped reinvigorate investor confidence but also helped the stock grow nearly 67% since the announcement of him taking charge in February 2018.
After reaching its peak in August 2015 at $758.61 a share, currently trading at $431 a share, Chipotle’s shares came down the hill at an alarming rate and found it hard to regain customer trust after being hit by a series of foodborne illness outbreaks.
McDonald's India, subsidiary of the Chicago-headquartered fast food giant - McDonald's Corp., finally reported net profit for the FY2017-18 after 22 years of business in India.
According to its latest filings with the Registrar of Companies of India, the company reported a net profit of INR 65.2 lakhs (approx.The company further said in its filing that it has not only been able to stem further erosion of its net worth, its also been able to successfully reverse the trend of erosion through the infusion of fresh capital.
Recording a y-o-y growth of ~8%, the company reported a total income of INR 119.60 crore earned mostly through royalty income.
Shares of the American coffee company and coffeehouse chain, Starbucks Corporation, slumped more than 3% in the after-hours trade after the company revised its global same-store sales growth for the long-term.
The company estimated an annual long-term global same-store sales growth of 3% - 4%, roughly in-line with analysts forecasts of 3% - 5% growth for this year.
Starbucks also trimmed its outlook for long-term annual EPS growth to at least 10%, after it had lowered the forecast in November 2017 to 12% or greater from the previous forecast 15%-20% growth.However, the company kept its long-term consolidated revenue growth in-line with the previously set estimate of 7% - 9%.
Despite the revision in the EPS estimate, the company reaffirmed its estimation of seeing an EPS of $2.61 - $2.66 compared to analysts consensus estimate of $2.65 on revenue growth of 5% - 7%.
Brands-owned pizza chain’s largest acquisition so far.
David Gibbs, CFO of Yum!Yum’s other brands might also gain from the deal by getting access to QuikOrder’s data on consumers.
Data from QuikOrder could help Pizza Hut (and other brands of Yum) derive relevant insights into consumer preferences such as what they like to order or how often they use they the online platform to order – information that should come in handy for any restaurant/fast-food chain's marketing/sales strategies.
Earlier this year, Yum invested in a 3% stake in online food-ordering company Grubhub.
Papa John’s stock price took a hit on Tuesday amidst a report that there might not be any buyer for the company, as of now.
A Wall Street Journal article said that the asset manager Trian Management Funds is reportedly no longer interested in bidding for Papa John's.In July, Papa John’s announced that it would use a “poison pill” (a stock dilution strategy) against Schatter should he try to increase his stake in the company.
Papa John’s also faced some headwinds in its recent performance.
Shares of Starbucks (NASDAQ:SBUX) have brewed up a hot, strong stock price.Its earnings result on Nov. 1 sent shares higher by roughly 10%.
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On Friday, Starbucks announced it will begin buying back $5 billion in shares, as part of its program to pay out $25 billion to shareholders via buybacks and dividends through fiscal 2020.
This follows the coffee chain’s $7.15 billion deal with Nestle SA earlier this year that allows it to market Starbucks products outside of the U.S., and this week’s announcement from Bill Ackman that his hedge fund Pershing Square Capital will invest $900 million in Starbucks shares.Starbucks is expected to complete the $5 billion share repurchases by February or March of 2019.
Starbucks' third fiscal quarter earnings-per-share came in at $0.62, slightly higher than Wall Street's expectations of $0.61.
The news pushed Starbucks stock price up by +2.5% on Tuesday, thereby reflecting investor optimism about the hedge fund’s investment in the company.
In support of his investment decision, Ackman mentioned several factors, such as his belief that Starbucks could open more stores in the U.S, the coffee company’s high growth potential in China and the general positive outlook on the coffee industry. Ackman has also gone on to say that the company’s stock value could double over the next three years.
Starbucks joins the list of food/restaurant companies, such as Chipotle and Restaurant Brands International, that Pershing has stakes in.
While exact motives remain unclear, the $8.3 billion hedge fund Pershing Square has recently established a $900 million long position in Starbucks (SBUX), the fund’s helmsman Bill Ackman announced today.His $1 billion short on Herbalife (HLF), which he believed was a pyramid scheme masquerading as a direct sales company, was the subject of a feature-length documentary called "Betting On Zero.
McDonald's is stripping artificial ingredients from most of its burgers, amidst an increasingly health-conscious consumer market.
The fast-food chain’s seven classic burgers -- the hamburger, cheeseburger, double cheeseburger, McDouble, Quarter Pounder with Cheese, double Quarter Pounder with Cheese and Big Mac -- will be free of artificial preservatives, flavors and coloring.
Plus, McDonald's said it is removing artificial preservatives including potassium sorbate, sodium benzoate and calcium disodium EDTA without "sacrificing that signature taste" of its popular Big Mac Special Sauce.
The company had earlier replaced frozen beef with fresh beef in its Quarter Pounders and revamped its Happy Meal offerings with healthier choices.
Industry peers such as Taco Bell, Subway and Panera Bread have recently taken steps to reduce artificial components from their menus as well.
Customers can choose from a variety of products including espressos, made-to-order ice-creams and pizza.
The roaster will offer "premium, small batch" coffees, according to the company.An espresso will cost €1.80 ($2.10), which is considerably higher-end compared to many Italian cafes.
Papa John’s International Inc. is reportedly seeking services of Bank of America Corp. and Lazard Ltd. to salvage its business – as hinted by a Reuters report which cited unnamed sources.
The pizza chain has had been mired in controversy (and uncertainty) following its founder John Schnatter’s resignation as chairman over the use of a racial slur.But the Reuters report mentioning the company’s possible talks with the major financial advisers, and takeover interest among some private equity firms seem to be boosting its share prices recently.
Starbucks Corp. will offer cold-pressed drink kombucha, as it tries to juice up sales amidst consumers’ shifting preferences in beverages.
Kombucha is a type of fermented tea gaining rapid popularity, and Starbucks wants to launch six flavors of it.As more and more consumers ditch sugary drinks for healthier alternatives, kombucha – with its low-calorie/digestive benefits - might help Starbucks leverage the latest dynamics in beverage market.
Starbucks will launch the drinks in New York City, Boston, Chicago, Los Angeles, San Francisco, San Diego and Seattle before expanding to more cities this fall.
Starbucks will start delivery service in China next month, using Alibaba's Ele.me platform.It will be delivered to you.
Starbucks Corp. is joining hands with Chinese tech multinational Alibaba to introduce coffee delivery services in China.
The coffee company will have their beverages brewed in Alibaba’s Hema grocery stores, while customers in China will be able to order their cup of Starbucks on Alibaba’s food delivery platform Ele.me.Delivery will begin in September 2018.
Starting with Beijing and Shanghai, Starbucks aims to open its delivery services across 30 Chinese cities by year end.
Chipotle Mexican Grill Inc. shut down a restaurant in Powell, Ohio, following reports of customers falling sick.
The Mexican food chain identified “a handful of illness reports” from customers of one of their Powell outlets, and therefore it has been closed by Chipotle for safety concerns – as suggested by a statement from the company.It is currently working with health officials “to reopen this restaurant as soon as possible”.
The news comes after Chipotle’s recent revenues performance where it beat estimates on same-store sales for the second quarter.
might be eyeing Keystone Foods, a U.S. supplier of chicken nuggets to McDonald's.
According to a Bloomberg report, two people familiar with the matter and who did not wish to be named said that Tyson is in exclusive talks with Brazil’s Marfrig Global Foods SA to buy Keystone Foods.No official statement, however, has been made from either of the companies.