Tag Archives: Restaurants

Olive Garden parent raises outlook

[ad_1] An Olive Garden restaurant in Times Square in New York Richard Levine | Corbis | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street’s expectations, as consumers continued to eat out despite pressure from inflation. The company also raised its earnings outlook for fiscal 2023 …

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Goldman Sachs downgrades Cheesecake Factory amid inflation

[ad_1] Inflationary challenges will bite into Cheesecake Factory ‘s stock next year, according to Goldman Sachs. Analyst Jared Garber downgraded Cheesecake Factory to sell from neutral. He also lowered his price target for the stock to $29, which reflects a downside of 12.2% over Friday’s close. The stock traded 3.1% …

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Prosecutors want $100 million NJ deli SEC case postponed

[ad_1] Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Federal prosecutors in New Jersey want the Securities and Exchange Commission to postpone its civil case against the alleged masterminds behind a $100 million fraud scheme involving a small-town deli so it won’t get in the way of their ongoing criminal …

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Map of Starbucks stores that voted to unionize

[ad_1] A year ago, workers at a Starbucks store in Buffalo, New York, voted to unionize, a first for the chain. The union win at the Elmwood Avenue location has since spurred more than 300 of the chain’s cafes to follow suit with their own petitions for union elections and …

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McDonald’s hopes discounts, contests boost mobile sales

[ad_1] The Ronald McDonald balloon floats past Radio City Music Hall during the 96th Annual Macy’s Thanksgiving Day Parade in New York City on November 24, 2022. Yuki Iwamura | AFP | Getty Images Last holiday season, McDonald’s leaned on singer Mariah Carey’s starpower and discounts to drive customers to …

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