Subway sold to Roark Capital, private equity firm
In this photo illustration, a Subway meal is seen on a table at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Roark Capital …
Restaurants
Starbucks iced pumpkin cream chai latte added to fall menu
Starbucks’ new fall drink, the iced pumpkin cream chai latte. Source: Starbucks As Starbucks celebrates the 20th anniversary of its pumpkin spice latte, the coffee chain is adding a third …
McDonald’s, Chipotle among restaurant earnings winners and losers
A McDonald’s restaurant near Times Square, NYC on July 29th, 2023. Adam Jeffery | CNBC Restaurant companies navigating some of the same challenges in the second quarter fell into two …
Outback Steakhouse owner’s stock rises as activist buys stake
An Outback Steakhouse truck sits parked outside a restaurant in New York. Daniel Acker | Bloomberg | Getty Images Shares of Outback Steakhouse owner Bloomin’ Brands rose 9% in premarket …
Cava, Sweetgreen delivery orders fall as customers pick up food
A customer enters a Cava restaurant in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images Fast-casual chains Cava and Sweetgreen each said customers are …
Cava Group (CAVA) Q2 2023 earnings
A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York …
Kraft Heinz picks new CEO Carlos Abrams-Rivera to replace Miguel Patricio
Heinz Kraft products arranged at a Stop and Shop store in Dobbs Ferry, New York, US, on Tuesday, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Kraft Heinz‘s …
Beyond Meat BYND stock falls after earnings report, forecast cut
Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California. Mike Blake | Reuters Beyond Meat’s stock tumbled in morning …
Restaurant Brands International (QSR) Q2 2023 earnings
Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger …
Automation could reduce jobs but employment will grow in making robots
There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing …