Finance / Investment News & Media

US Foods boosts Q1 2022 results on higher volume, food cost inflation

May 12, 2022

US Foods Holding Corp. improved its Q1 2022 results driven by higher total case volume and food cost inflation compared to the prior year period, according to…

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Sysco posts strong Q3 2022 sales, earnings

May 11, 2022

Sysco Corp. posted strong sales and earnings for Q3 2022 against the prior year period, according to an earnings release. Highlights include:

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McDonald's reports 1st quarter sales increase

April 28, 2022

Global comparable sales rose 11.8% and U.S. sales increased 3.5% for McDonald's in the first quarter of 2022.

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NRA applauds House passage of $42M restaurant relief package

April 7, 2022

The House of Representatives approved a $55 billion relief package Thursday that includes $2 billion for the Restaurant Revitalization Fund.

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Long John Silver's reports positive sales growth, new leadership

March 8, 2022

Long John Silver's is reporting positive sales growth, partially due to new leadership, according to a press release.

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Wetzel’s Pretzels ends 2021 on high note

March 3, 2022

Pasadena, California-based Wetzel's Pretzels had a record-setting 2021, posting a same store sales increase of 24% compare to 2019, according to a press…

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Wendy's revenue at $1.9B in 2021

March 1, 2022

Wendy's has released its financial results for the fourth quarter and full year 2021, according to a press release.

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Beyond Meat reports disappointing Q4

February 25, 2022

Beyond Meat reported a disappointing fourth quarter 2021, despite the brand's launch of KFC's Beyond Fried Chicken and McDonald's test of its highly…

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US Foods boosts Q4 and FY 2021 sales and earnings

February 21, 2022

US Foods Holding Corp. improved sales and earnings for Q4 and FY 2021, boosted by restaurant sales growth and double digit food inflation, according to an…

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Jack in the Box to buy Del Taco

December 6, 2021

Jack in the Box will acquire leading Mexican QSR chain Del Taco for $12.51 per share or $575 million, according to a press release.

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Restaurants face margin contraction, slower M&A in Q1 2022

November 10, 2021

With rising commodity prices, workforce shortages, and the need for higher expenditures to attract labor in a competitive market, the restaurant industry will…

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Yum Brands enjoys Q3 sales growth

October 28, 2021

Yum! Brands worldwide system sales grew 8% and 4% unit growth financial results in the third quarter ended Sept. 20, 2021, according to a press release.

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McDonald's enjoys same store sales growth in Q3

October 27, 2021

McDonald's shares have risen 11% this year, according to a CNBC report, as the Chicago-based burger chain saw same sales growth both domestically and…

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Global Restaurants International sales up 11% in Q3 2021

October 25, 2021

Restaurant Brands International, parent company to Tim Hortons, Popeyes and Burger King, has announced financial results for the third quarter ended Sept. 30…

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Odd Burger begins trading in US with OTC listing

October 8, 2021

Odd Burger Corp. has completed its listing on the U.S. trading market with its common shares being posted on the OTC (QB) under the symbol GBLYF.

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Krispy Kreme lays plans to go public

June 2, 2021

Longtime North Carolina-based doughnut QSR, Krispy Kreme, said it wants to go public and sell stock again. The company, owned by Europe's JAB Holding, relayed…

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Delight Restaurant Group buys 44 Long Island Wendy's

May 18, 2021

The Delight Restaurant Group has acquired 44 Wendy's Long Island-based restaurants in New York and has plans to build several Wendy's restaurants in the area…

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Nathan's partners with Ghost Kitchen Brands to drive footprint expansion

April 20, 2021

Nathan's Famous, Inc. is teaming up with Ghost Kitchen Brands to drive expansion with goals to open 60 non-traditional U.S. locations and 40 stores in Canada…

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Money talks: A look into what private equity looks for

by S.A. Whitehead — Food Editor, Net World Media Group

Unprecedented change across any business, like that of the last year, tends to also trigger a flood of interest from investors. Such is the case with the fast…

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SBA to have exclusive PPP loan application for small firms

February 22, 2021

Businesses with less than 20 employees can apply for coronavirus relief for 14 days starting Wednesday, according to a report in The Wall Street Journal.

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