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Hotels, Restaurants and Leisure

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  • Feb 3- Chipotle Mexican Grill Inc on Tuesday reported that the growth of sales at established restaurants decelerated from prior quarters and slightly missed Wall Street's estimate, sending shares down more than 6 percent in after-hours trade. It trades at a rich valuation and, as a result, is harshly punished when it fails to exceed Wall Street's lofty...

  • *Sale to generate $400 mln- $475 mln in pretax proceeds. *Forecasts 2015 adj profit of $0.33- $0.35/ shr vs est $0.39. Feb 3- Wendy's Co, the No. 3 U.S. hamburger chain by sales, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by mid-2016.

  • LOS ANGELES, Feb 3- Dunkin' Donuts is expanding its U.S. menu with cold blended drinks, including a milkshake-like frozen Dunkaccino, as it and other fast-food chains seek to boost sales in a competitive market, an executive told Reuters on Tuesday. The coffee-and-doughnut chain will also offer fruit smoothies and reduced-calorie versions of its popular...

  • Feb 3- Wendy's Co, the No. 3 U.S. hamburger chain by sales, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by mid-2016. Wendy's, like market leader McDonald's Corp, has been struggling in an increasingly competitive fast-food market, losing out to casual dining restaurants such as Chipotle...

  • Wendy's to sell 500 restaurants to franchisees Tuesday, 3 Feb 2015 | 6:58 AM ET

    Feb 3- Wendy's Co, the No. 3 U.S. hamburger chain, said it would sell about 500 restaurants to franchisees and reduce company ownership of its outlets to about 5 percent by mid-2016. "We believe this reduction in ownership will result in pretax cash proceeds of approximately $400 to $475 million and significantly reduce future capital expenditure requirements,"...

  • Atlantic City to investors: Gamble on our bonds Sunday, 1 Feb 2015 | 11:59 AM ET
    A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City.

    Atlantic City is engaging in another type of gamble: convincing investors to buy its junk-rated bonds.

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • Jan 30- Shares of Shake Shack Inc more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can match top performers in the crowded "fast-casual" dining space. Other hot restaurant debuts have been followed by stock swoons, including Noodles& Co and sandwich maker Potbelly Corp.

  • Jan 30- Shares of trendy hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Shake Shack shares hit $52.49 in early trading on the New York Stock Exchange, way above their offer price of $21, before easing back to $48.

  • Shake Shack sizzles in market debut Friday, 30 Jan 2015 | 10:18 AM ET

    Jan 30- Shares of gourmet hamburger chain Shake Shack Inc soared 150 percent in their first few minutes of trading on Friday, valuing the company that grew out of a hotdog cart in New York's Madison Square Park at nearly $2 billion. Meyer, who also owns popular New York restaurants Blue Smoke, Gramercy Tavern and Union Square Cafe, opened the first Shake Shack in...

  • The IPO market has been particularly fruitful recently for so-called fast-casual restaurant operators such as burger chain Habit Restaurants Inc and others that hope to replicate the sizzling growth of Chipotle Mexican Grill Inc.. Preliminary demand prompted Shake Shack to raise its expected IPO price to a range of $17 to $19 per share on Wednesday, from...

  • Royal Caribbean, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, has been battling tough competition in the Caribbean from smaller rivals such as Europe's MSC Cruises, who offer cheaper packages. "The company continues to experience highly competitive Caribbean pricing through the first quarter, but...

  • Shake Shack IPO is hot but can it match Chipotle? Thursday, 29 Jan 2015 | 10:45 AM ET

    The IPO market lately has been particularly fruitful for so-called fast-casual chains such as Shake Shack rival Habit Restaurants Inc and others that hope to replicate the red-hot growth of burrito chain Chipotle Mexican Grill Inc. Preliminary demand on Wednesday prompted Shake Shack to raise its expected IPO price to a range of $17 to $19 per share from...

  • Royal Caribbean, whose cruise lines include Royal Caribbean International, Celebrity Cruises and Azamara Club Cruise, has been battling tough competition in the Caribbean from smaller rivals such as Europe's MSC Cruises, who offer cheaper packages. Royal Caribbean's net yields, which include ticket sales and spending on board, rose 2.7 percent in the fourth...

  • Jan 28- McDonald's Corp, fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook. But the following September, McDonald's reported a decline in same-store sales as it fought to hold on to customers with changing...

  • Jan 28- Burger chain Shake Shack Inc now expects its initial public offering to be priced at $17- $19 per share, up from $14- $16 expected earlier, valuing the company at up to $674.5 million. The company's international outlets include those in Dubai, Istanbul, London and Kuwait. Shake Shack's offering follows a string of successful IPOs by casual dining chains last...

  • Tim Hortons to cut jobs after takeover by Burger King Tuesday, 27 Jan 2015 | 5:07 PM ET

    TORONTO, Jan 27- Canadian coffee and doughnut chain Tim Hortons confirmed on Tuesday it will cut jobs as it reorganizes after being acquired by U.S. fast food chain Burger King for C $12.64 billion last year. The Financial Post reported last week that a "significant" number of the roughly 1,400 employees at its head office in Oakville, Ontario, and in regional...

  • Travel outlook bright despite euro concerns: Exec Tuesday, 27 Jan 2015 | 2:52 PM ET
    Virgin America

    The euro "has been a concern," but the year is shaping up to be strong for travel, a vacation rental company executive tells CNBC.

  • Super Bowl: How to get there, and how to get in Tuesday, 27 Jan 2015 | 12:59 PM ET
    Zach Miller #86 of the Seattle Seahawks pulls down a catch in front of Brandon Spikes #55 of the New England Patriots during a game at CenturyLink Field in Seattle, Washington.

    Fans still thinking about going to Sunday's Super Bowl XLIX will need to factor in game tickets, airfare and lodging logistics.

  • Nibble on these top restaurant stocks: Analyst Friday, 23 Jan 2015 | 4:35 PM ET
    A KFC restaurant is shown in a shopping mall in Beijing.

    Mild weather this winter may be just what restaurants ordered, one analyst told CNBC on Friday. Here are his top picks.