Amelia Lucas

Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.

McDonald’s shares have fallen 7.5% over the last year, dragging its market value down to $197 billion.

Shares of Coke have fallen 3.5% over the last year, dragging the company’s market value down to $267 billion.

The restaurant company is planning to spend $2.2 billion to revive Burger King’s U.S. business.

Across all regions, Starbucks reported shrinking same-store sales and falling traffic.

Starbucks and the union plan to meet again in late May to keep working on the framework that will inform every single-store contract.

In February, Starbucks and Workers United said they found a “constructive path forward,” marking a major strategic pivot for the coffee giant.

The burrito chain said traffic increased 5.4% in its first quarter.

A little over a year ago, Chipotle announced the opening of its first Farmesa location.

PepsiCo’s volume and sales growth were better in most international markets than in its North America markets.

The Tide owner’s quarterly volume was flat for the second consecutive quarter.

The new company will be publicly traded on the London Stock Exchange under the ticker “TGIF.”

The chicken wing category saw its sales surge during the pandemic, and off-premise orders now account for a third of BWW’s sales.

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 Yelp.

3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane.

Year to date, Gatorade is gaining share in every hydration category it has products, according to market research firm Circana.

LongHorn Steakhouse was the company’s only division to report same-store sales growth.

As the population of the Sun Belt grows, restaurant chains such as McDonald’s and Portillo’s are looking to those states for future sales growth.

Yum China CEO Joey Wat said the Chinese consumer has been growing more rational for years.

The Mediterranean chain topped Wall Street’s estimates for both its earnings and revenue.