Panera Bread tests artificial intelligence technology in drive-thru lanes

A Panera Bread location in Spring Hill, Florida. Jeff Greenberg | Universal Images Group | Getty Images Starting Monday, drive-thru customers at two Panera Bread locations in upstate New York will have their orders taken by a computer in a test of artificial intelligence technology’s accuracy and ability to decrease service times. The sandwich chain […]

Mystery New Jersey deli closes, Makamer Holdings says in SEC filing

Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC The small, money-losing New Jersey deli that was once the sole asset of a publicly traded company with a bizarre market capitalization of $100 million has been sold and closed, according to a regulatory filing. Your Hometown Deli in Paulsboro, New Jersey, had been “temporarily closed” on […]

Sweetgreen stock plummets after salad chain cuts forecast, announces layoffs

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged about 20% in extended trading Tuesday after the salad chain lowered its 2022 forecast. The restaurant company also said it laid off 5% of its support center […]

Starbucks (SBUX) Q3 2022 earnings

Starbucks is expected to report its fiscal third-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 75 cents expected Revenue: $8.11 billion expected The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in China, the company’s second-largest […]

Outdoor cooking boomed during the pandemic, and the grilling industry thinks it will stay hot

Grilling caught fire amid the pandemic as stuck-at-home consumers searched for new ways to cook meals, as well as entertain and host family and friends safely outdoors. But while there are plenty of signs that the outdoor cooking craze is here to stay, inflation, market saturation, and supply chain challenges are threatening to lower the […]

New Orleans Starbucks store becomes first in Louisiana to vote to unionize

A Starbucks location in New York. Scott Mlyn | CNBC Employees at a Starbucks store in New Orleans voted to form a union, becoming the first of the coffee giant’s locations in Louisiana to unionize. Ballots were cast Friday and Saturday 11-1 in favor of joining Workers United, which represents the unionized Starbucks stores, WWNO-FM […]

Union claims Starbucks illegally closing cafe to retaliate, Bloomberg reports

A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images The workers union at Starbucks is claiming the coffee chain is shutting down a recently unionized cafe in retaliation for […]

DoorDash can jump 32% given its market leadership in food delivery, Bernstein says

DoorDash is a top pick among U.S. emerging internet companies given its leadership in the on-demand delivery space, according to Bernstein. Analyst Nikhil Devnani in a Monday note initiated coverage of DoorDash with an outperform rating and a price target of $90 per share. That represents more than 32% upside from where shares closed on […]

Starbucks will exit Russia after 15 years, closing 130 licensed cafes

A woman drinks coffee in a Starbucks in a mall in Khimki outside Moscow. Alexander Natruskin | Russia After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer […]

Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple, Microsoft and Salesforce in offering to reimburse workers for travel costs related to abortions following […]

Beyond Meat (BYND) Q1 2022 earnings miss estimates

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its first quarter as its margins shriveled and cheaper prices weakened international sales. Shares of the company […]

McDonald’s franchisees worry new grading system will alienate workers

McDonald’s franchise owners are expressing concern and frustration over a new grading system the fast food giant is planning to roll out early next year, with some saying it is poor timing due to unprecedented pressures in the workforce. The company plans to enact the system, called Operations PACE, which stands for Performance and Customer […]

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