Restaurants

(Thursday Market Open) Equity index futures were mixed ahead of the European Central Bank (ECB) interest rate decision. Dow futures were down more than 100 points, but Nasdaq futures were up about 13 points. Potential Market Movers The ECB was expected to raise its key rate by 25 basis points but...

Wedbush analysts Nick Setyan, Paul Hao, and Michael Symington said they expect Texas Roadhouse Inc (NASDAQ: TXRH) (Outperform, $100 price target) to report in-line-to-above same-store sales growth for Q2. Analysts also expect TXRH's 2H SSS growth expectations to remain largely...

(Tuesday Market Open) A big slide in the U.S. dollar appears to be pushing stocks higher Tuesday as a slew of earnings arrived before the opening bell. Potential Market Movers The U.S. Dollar Index ($DXY) was down 0.75% before the market opened, continuing its three-day slide. As of early...

Atlantic Equities analyst Edward Lewis upgraded McDonald's Corp (NYSE: MCD) from Neutral to Overweight and raised the price target from $245 to $278. Lewis noted that the quick-service restaurant proves resilient during periods of economic weakness.  He saw MCD...

McDonald's Corp (NYSE: MCD) CEO Chris Kempczinski announced several executive changes. MCD has appointed Ian Borden, currently President, International, as its next Executive Vice President and Chief Financial Officer, effective September 1. The current CFO, Kevin Ozan, has been...

McDonald's Corp (NYSE: MCD) has expanded its mobile app partnership with financial technology platform Adyen (OTC: ADYEY) to the U.S. The two companies began working together in early 2020 in the U.K. and are now expanding to other global markets. Adyen enables...

McDonald's Corp (NYSE: MCD) has agreed to settle a tax dispute in France by paying about $1.3 billion in fines and back taxes, the Wall Street Journal reported. The fast-food giant has been facing a probe in France over the proper declaration of all its activities. The deal's...

Nathan’s Famous Inc (NASDAQ: NATH) reported fourth-quarter FY22 sales growth of 35.5% year-on-year to $24.77 million versus $18.28 million the previous year. Branded product program revenue increased 56.7% Y/Y, Product licensing rose 13.9%, and Restaurant operations gained 14....

Reuters Rebranded McDonald’s Restaurants To Reopen In Russia Russia’s fast-food scene is in for a huge overhaul as former McDonald’s Corp (NYSE: MCD) restaurants are set to reopen under new branding and ownership. The fast-food restaurant chain was opened about three decades...

Russia's fast-food scene is in for a massive overhaul as former McDonald's Corp (NYSE: MCD) restaurants are set to reopen under new branding and ownership, Reuters reported. The fast food restaurant chain was opened about three decades ago in early 1990. Recently, MCD ...

Barclays cut McDonald's Corporation (NYSE: MCD) price target from $300 to $289. McDonald's shares rose 0.1% to $245.92 in pre-market trading. Raymond James raised Devon Energy Corporation (NYSE: DVN) price target from $90 to $102. Devon Energy shares fell 0.1% to $77.88 in pre-market...

Activist investor Carl Icahn said he is backing from a proxy fight at Kroger Co (NYSE: KR) on the treatment of pregnant pigs, the Wall Street Journal reported. He took the decision after he lost a similar proxy fight with McDonald's Corp (NYSE: MCD) over...

CNBC New York Passes Bill To Ban Certain Bitcoin Mining Operations To Preserve Environmental Impact Friday early morning, New York lawmakers passed legislation banning certain bitcoin mining firms from using carbon-based energy sources. The bill now goes to Governor Kathy Hochul’s desk,...

Restaurant Brands International Inc (NYSE: QSR) owned Burger King is finding it difficult to close its joint venture in Russia, Reuters reported. The fast-food chain has been having a hard time exiting its partnership and about 800 franchised locations after Russia's invasion of...

McDonald's Corp (NYSE: MCD) is planning to deploy a third party to evaluate its effort on diversity, equity, and inclusion, the Wall Street Journal reported. In a Securities and Exchange Commission (SEC) filing, the company said about 274 million shares of the company's common...