News
Sandwich chain Jersey Mike's confidentially files for IPO
1+ mon, 4+ week ago (304+ words) Jersey Mike's has confidentially filed for an initial public offering, the company said Monday. The announcement comes more than a year after Blackstone bought a majority stake in the sandwich chain in a deal that reportedly valued Jersey Mike's at…...
The whole food sector has had a cloud hanging over it, says Ingredion CEO
18+ hour, 58+ min ago (35+ words) Ingredion President, Chairman, and CEO Jim Zallie joins 'Mad Money' host Jim Cramer to talk quarterly results, growth opportunities, and more. The whole food sector has had a cloud hanging over it, says Ingredion CEO...
Yum Brands sells Pizza Hut to private equity firm Long Range Capital for $2. 7 billion
2+ day, 6+ hour ago (141+ words) Yum Brands on Tuesday announced it is selling Pizza Hut to private equity firm Long Range Capital. In November, Yum said it was exploring strategic options for Pizza Hut. Brothers Dan and Frank Carney founded Pizza Hut in 1958 in Wichita,…...
KFC has fallen behind its competitors. Here's its latest plan to catch up.
3+ day, 7+ hour ago (80+ words) KFC is unveiling fresh upgrades to its menu, stores and branding to keep up with other fast-food chicken competitors. Its domestic market, the U. S. , has slipped to its third largest, as other chains like Chick-fil-A, Popeyes, and Raising Cane's have become…...
KFC leans into boneless chicken, new drinks as chain tries to regain market share
3+ day, 7+ hour ago (806+ words) To win over today's diners, KFC is prioritizing boneless chicken menu items, expanding its sauce options and designing its restaurants to keep customers' attention. These days, the Yum Brands chain is facing stiff competition, both from upstart chicken chains and…...
Door Dash lets customers use photos, prompts to order food and book reservations in latest AI push
1+ week, 5+ hour ago (291+ words) The company on Thursday announced a new chatbot called Ask Door Dash, which is launching in select markets for grocery shopping and food delivery. Door Dash plans to add reservations and additional U. S. cities in the coming weeks. Gig economy companies…...
Beef prices finally fell, but cattle herd screwworm could eat into consumers' inflation relief
1+ week, 1+ day ago (1304+ words) The arrival of the invasive New World screwworm in Texas, a parasitic fly whose larvae burrow into the flesh of living warm-blooded animals, could exacerbate existing inflation pain for Americans already grappling with high beef prices." Carmen Smith and her…...
What screwworm's appearance in U. S. cattle could mean for beef prices this summer
1+ week, 1+ day ago (1315+ words) To learn more about the CNBC CFO Council, visit cnbccouncils. com/cfo The arrival of the invasive New World screwworm in Texas, a parasitic fly whose larvae burrow into the flesh of living warm-blooded animals, could exacerbate existing inflation pain…...
Italian coffee giant Lavazza launches single-serve tablets to make espresso in the U. S.
1+ week, 3+ day ago (650+ words) Lavazza is bringing its espresso tablets to the U. S. , aiming to loosen Keurig Dr Pepper's grip on the single-serve coffee category. "The result that we've been able to achieve was through a very complicated industrial process in order to be able…...
Can the dip in record beef prices last? Texas Roadhouse's next stock move depends on the answer
8+ mon, 2+ week ago (33+ words) Red-hot cattle futures cooled off a bit last month, offering a glimmer of hope for Texas Roadhouse. Whether beef prices can continue lower is the big question for investors in the beleaguered. .....