Patrons eat at Tom’s Restaurant in the Prospect Heights neighborhood of Brooklyn on March 16, 2020 in New York City. Victor J. Blue | Getty Images The National Restaurant Association is asking the federal government for financial relief for the industry as it forecasts sales declines of $225 billion over the next three months due […]
Tag: Restaurants
How Wendy’s used its past mistakes to craft a better breakfast menu
DUBLIN, OHIO — As Wendy’s readies itself to launch breakfast nationwide March 2, the chain is preparing to go head-to-head against rivals like McDonald’s with a menu touting its quality. Three prior attempts to serve breakfast nationally over the last three decades failed to take hold. This time around, Wendy’s worked with franchisees to construct […]
Coca-Cola expects coronavirus could hit first-quarter earnings by up to 2 cents
Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the […]
Gatorade and Powerade try to adapt as sports drinks sales decline
The first National Football League team to drink Gatorade was the Kansas City Chiefs, who went on to win a Super Bowl that year. For the first time since winning the title in 1970, the Missouri football team is back in the big game this year. In the 50 years since the Chiefs’ victory, Gatorade […]
4 restaurant chains that are opening fast-casual spinoffs
Fast-casual consuming locations are smaller in dimension, with a lot much less seating and fewer employees serving prospects, which signifies that they are cheaper to perform than a full-service restaurant. Menus are usually designed for consolation and fast service, and prospects order at a counter, typically transferring alongside an assembly line. Some casual consuming chains […]
TGI Fridays plans to revamp its bars as it prepares to go public again
People outside a TGI Fridays in Dublin city center. On Friday, March 15, 2019, in Dublin, Ireland. Artur Widak | NurPhoto | Getty Images T.G.I. Fridays, which is known for being the original singles bar, is planning to revamp its bar business as the company prepares to be publicly traded again for the first time […]
Zhenmeat, China plant based meat firm, seeks funding
A slider made of Zhenmeat’s plant-based meat alternative pictured in Shanghai, China on January 13, 2020. Arjun Kharpal | CNBC Chinese plant-based meat substitute start-up Zhenmeat is looking to raise around $2 million of funding this year as it expands across the world’s second-largest economy and fends off a potential challenge from U.S. rivals. Zhenmeat […]