Hoping to increase sales and traffic in their restaurants, fast-food and fast-casual operators are cranking up the menu innovation to produce items that stray from the gastronomic norm.» Read More
The chain said all of its domestic restaurants are now serving trans-fat free biscuits and French fries with one gram of trans fat per serving.
Ice cream maker Cold Stone Creamery and fast-food operator Kahala will combine to form a holding company they hope will be able to compete with private equity firms for a greater share of the fast-food sector.
The largest institutional shareholder of Wendy's International is urging the hamburger chain to sell itself to the highest bidder, the Wall Street Journal reported on its Web site on Friday.
If four of the 14 companies that bought back 17% or more of their shares in 2006 or 2007 have been taken over, what’s that mean for the other 10? Cramer has an answer.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Demand for premium burgers like the Texas Double Whopper and Angus Cheesy Bacon sandwich and a cheaper breakfast menu helped Burger King Holdings post a better-than-expected quarterly profit, sending its shares up nearly 8%.
Wendy's International, which has been working to turn around its chain of hamburger restaurants, said on Wednesday it was reviewing strategic options to boost shareholder value, including a possible sale of the company.
Wendy's International, the No. 3 U.S. hamburger chain, said it hired former Wal-Mart Stores Treasurer Jay Fitzsimmons as chief financial officer.
David Palmer, senior restaurant analyst at UBS, told CNBC’s “Squawk on the Street” that McDonald’s rode its solid brand name and competitive positioning to strong first quarter earnings.The world’s largest restaurant chain reported first quarter 2007 earnings of 62 cents a share, beating the consensus estimate by five cents. “The management is very good,” Palmer said Friday. “These guys are gaining market share rapidly in the U.S. and Europe – and there’s nothing special going on in terms of the industry.”
Is America's health craze is officially over? McDonald's is field-testing its massive new Angus Third Pounder sandwich. CNBC's Jane Wells reported -- burger in hand.
The guys (and gal) go behind the headlines and give you the traders take on the Palm/MOTO disaster... the Blackstone $4 billion IPO... the EU open skies... and more. Find out where they see fast money.
Was YouTube a bad acquisition for Google? Wendy's or Mickey D's? How about another pharma stock? Cramer drops the knowledge.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Wendy's International reported a 90% drop in fourth-quarter net profit due to losses at the recently-sold Baja Fresh brand and costs for employee compensation and the burger chain's planned breakfast menu.
Fast-food chain Burger King Holdings said it started testing in its restaurants several trans-fat free cooking oils and plans to roll one out nationwide in late 2008.
Wendy's International said sales at company-owned restaurants open at least 15 months rose 3.1% in the fourth quarter, helped by demand for the chain's new Double Melt cheeseburgers.
Wendy's International has been an innovator of the fast food business for years. It was the first to introduce salads for customers who were looking to eat healthier. It was also the first to have a drive thru for customers on-the-go. On today’s Closing Bell – Kerri Anderson, Wendy’s President & CEO explained what Wendy’s is doing to meet customer needs, today.
As we've reported--New York became the first city in the U.S. to ban trans-fats in restaurant food. But the ban will affect companies with a reach far beyond the Five Boroughs. Wendy’s International, McDonald’s, Kraft and Kellogg will all have to adjust as a result – at least in the near term – at the expense of their P&L sheets.
In just a few hours-- the trans fat showdown begins in The Big Apple when the New York City Health Department issues its vote on eliminating them from city restaurants. CNBC’s Mary Thompson "cut through the fat" to give the details on “Squawk Box.”
The Board of Health voted Tuesday to make New York the first city in the nation to ban artificial trans fats at restaurants--from the corner pizzeria to high-end bakeries.