The world's biggest restaurant chain set a capital spending target of about $2 billion for this year as it looks to recover from a food scandal in China and fend off intense competition in the United States. In the United States, the company has been losing customers to fast-casual chains such as Chipotle Mexican Grill and Shake Shack Inc..» Read More
Through an 18 month period, we saw our overall cost of goods increase 40% and we challenged ourselves to take on the brunt of the impact.
Consumers have been squeezed – and it shows in their purchasing behavior. In our business, each 1% increase in price typically reduces consumption by 1%.
Mad Money's Cramer explains how breaking up Sara Lee will unlock value for investors, and put a $3 special dividend in their pocket.
Three governors plan to tour pink slime maker Beef Products's plant in Nebraska to show their support for the company and the several thousand jobs it creates.
CNBC's Michelle Caruso-Cabrera has the details on the changes that allows Cubans to buy and sell homes and cars, and the 181 categories of jobs for those who want to be self-employed, as the Cuban government is working on "perfecting socialism."
Hundreds of millions of dollars worth of goods have been exported from the U.S. to Cuba for the past several years, and it's legal—despite the fact that an embargo is still in place.
Forecasts for an increasingly crowded and competitive market have not deterred “fro-yo” companies from embarking on ambitious expansion plans to capture an increasingly health-conscious U.S. consumer.
Two supermarket chains said Thursday they will join the growing list of stores that will no longer sell beef that includes an additive with the unappetizing moniker "pink slime."
After nearly a nine decade run, the “Breakfast of Champions” is on the ropes.
CNBC's Herb Greenberg reports Dunkin' Donuts announced same store sales are strong, however, new unit openings are lagging actual openings.
This year, voters chose 10 shops from across the country to receive the Best Brew Award. Find out who the winners are.
Elliott Schlang, Great Lakes Review, identifies several deep-fried stocks that could help make you money.
Insight on SmashBurger's expansion and plans to create over 1200 jobs, with Dave Prokupek, Smashburger CEO, who says the company is seeing a big shift in consumption.
As many as 100,000 people are expected to visit this huge outdoor farm show, kicking the tires on all the new machines the big equipment makers have to offer.
Today is the biggest selling day of the year, explains Jim Goldman, Godiva Chocolatier president/CEO, who discusses the products that are sold and the cost of cocoa prices.
India still struggles to make its food fit for consumption. From rat poison found in vegetables and Diwali-festival sweets laced with caustic soda -- adulteration is rife.
If man (and woman) has got to eat, the Super Bowl represents to food companies what Christmas is to retailers — a major percentage of sales.
Paula Deen has been teaching comfort food cooks since 2002. On January 17, 2012, she announced her diagnosis of Type 2 diabetes. She also announced that she had become the spokesperson for the anti-diabetes drug Victoza. However, she’s hardly the only celebrity chef to make a questionable endorsement deal.
As investors and consumers watch them more closely, corporations are growing more conscious of their environmental and social behavior.
Food prices and security, threatened by weather-caused production declines and relentless rising demand, will be a key issue at the conference of world business, political and social leaders.