PepsiCo Quarterly Earnings Fall Even as Revenue Rises
PepsiCo Inc. reported lower quarterly earnings on Thursday, citing a hit from the devaluation of the Venezuelan currency.
food and beverage
Beer and hot dogs: Which ballparks charge most
Classic baseball refreshments like hot dogs and beer can vary widely in price depending on the ballpark, CNNMoney found when it surveyed the 30 major league teams.
Subway Leads in Popularity Poll but Burgers Still Rule
Subway tops a Harris Poll of fast-food brand recognition but sandwiches still trail burgers among Americans favorite meals.
Starbucks Offers Bean-Back Guarantee on Instant Coffee
Starbucks on Tuesday said it would give away a free 12-ounce bag of its ground house-blend coffee to any customer not satisfied with its Via instant coffee during the next seven months.
McDonald's to Boost Prices on Some Menu Items
McDonald's will increase prices on some items in the U.S. this year in response to rising commodity prices that are boosting food costs, Chicago Breaking Business reported, citing remarks the company made on its earnings conference call Monday.
Can Cupcake-Maker Crumbs Hit the Sweet Spot?
Jason Bauer, CEO of the popular Crumbs Bake Shop, isn't worried about competition. In fact, he welcomes it. But with his company going public and with plans to expand from 34 stores to 200, he'll have to avoid the pitfalls of other dessert companies that rose too fast and fell.
Starbucks Unveils New 'Coffee'-less Logo
Starbucks, the world's largest coffee-shop chain, on Wednesday unveiled a new logo that retains its iconic green mermaid but no longer includes the word "coffee," reflecting the company's efforts to expand sales through a broader array of menu and consumer-product items.
Starbucks Plans Major Expansion in China
Starbucks said Wednesday that it plans to grow its worldwide sales by expanding its 220 stores in mainland China to "at least" 1,500 by 2015. The world's largest coffee chain also is planning to add stores in Brazil, Russia and India.
San Francisco Board Votes to Ban Happy Meals Toys
San Francisco could become the first U.S. city to ban toys from Happy Meals after its Board of Supervisors approved the rule in an 8-3 vote Tuesday. If Mayor Gavin Newsom is unable to overturn the ban, it will take effect late next year.
Starbucks Brews 86% Higher Fourth-Quarter Earnings
Starbucks drew more customers to its stores and got them to spend more money, boosting its fiscal fourth-quarter profit 86% from the same quarter a year ago. Same-store sales grew 8% in that time.
Former McDonald's Manager Not Lovin' His Weight Gain
McDonald's has lost a $17,500 lawsuit from a former franchise manager in Brazil, who says he put on 65 pounds during his 12 years of working for the chain. The former employee blames the company's policy of mandatory food sampling and free employee lunches for his weight gain.
Whole Foods Grows Its Sales: Analyst Predicts Further Gains
Whole Foods shares rose Friday after a Jeffries analyst upgraded the stock, saying the grocery's strategy of offering lower-priced items has accelerated sales while maintaining low costs.
Analyst Raises Starbucks Stock Target Price, Predicts Sales Growth From Breakfast Snacks, High-End Coffee
Starbucks has accelerated fiscal fourth-quarter same-store sales growth thanks to increasing demand for breakfast snacks and higher-priced coffee. That's the conclusion of a UBS analyst, who raised his stock price-target on the company's stock today.