Restaurants

Key Takeaways: Starbucks is considering bringing in partners to its China operation, as same-store sales in its second-largest market plunge during a bloody local coffee price war The coffee giant has faced multiple challenges in China, from severe restrictions during the pandemic to growing...

McDonald's Corporation (NYSE: MCD) has gained 24.2% in the past three months, outperforming the Zacks Retail - Restaurants industry, the Zacks Retail-Wholesale sector and the S&P 500 Index, which rose 20.4%, 10.7% and 7.4%, respectively. Image Source: Zacks Investment Research...

Key Takeaways: DPC Dash’s revenue grew more than 50% last year, as it ramped up its strong push into second-tier Chinese cities The exclusive franchisee of Domino’s pizza in China aims to double its store count from 768 at the end of last year to more than 1,600 by 2026 By Doug Young...

Everyone's talking about AI. There's excitement, fear, apprehension, confusion… let's just say a lot of mixed emotions. The plus side is the concept of saving money and eliminating redundancies. I've worked with many organizations that are using ChatGPT to write their copy or...

Oppenheimer analyst Brian Bittner has provided the analysis on some of the quick service restaurant chains. Yum! Brands Inc (NYSE: YUM) - Upgrade to Outperform with $154 PT  The analyst believes YUM represents a diversified business model that drives superior growth, yet is...

Back in the 1970s, teenagers were vying for a chance to earn $1.85 an hour and indulge in endless servings of french fries at McDonald's (NYSE: MCD). One such teenager was Paul Hendel, who embarked on his journey at a McDonald's outlet in Merrick, New York, at the age of 16. Little did he...

Gerbang Alaf Restaurants Sdn Bhd (GAR), which is the licensee of McDonald's Corporation (NYSE: MCD) in Malaysia, has reportedly initiated a legal action against the Boycott, Divestment and Sanctions (BDS) Malaysia movement. The lawsuit, seeking damages of 6 million ringgit ($1.31...

Key Takeaways: KFC has opened its 10,000th China store in Hangzhou, and plans to accelerate net new openings to about 1,200 annually over the next three years The chain has bounced back strongly post-pandemic, but faces uncertainties due to growing Chinese consumer caution By Doug Young Some...

McDonald's Corp's (NYSE: MCD) decision to take greater control of its China business and expand aggressively amid consumer slowdown and geopolitical tensions reportedly seems risky, but the potential pay-off is great. MCD's move contrasts sharply with the ongoing trend of...

Oppenheimer analyst Brian Bittner reiterated an Outperform rating on the shares of McDonald's Corp (NYSE: MCD) with a price target of $315.00. The company's investor conference has been scheduled for December 6. The analyst believes MCD could follow similar...

McDonald's Corp (NYSE: MCD) has agreed to acquire global investment firm Carlyle Group Inc's (NASDAQ: CG) minority ownership stake in the strategic partnership that operates and manages McDonald's business in mainland China, Hong Kong and Macau. The financial details...

Krispy Kreme Inc (NASDAQ: DNUT) shares are trading lower after the company delivered third-quarter FY23 earnings. DNUT reported third-quarter FY23 sales growth of 7.9% year-on-year to $407.37 million, missing the analyst consensus estimate of $413.93 million. Organic revenue growth of 9.6...