Latest Fast food restaurant operators News

Darden Restaurants shares rise on 3Q earnings

Mar. 21, 2019 1:53 PM EDT

ORLANDO, Fla. (AP) — Shares in Darden Restaurants jumped on Thursday after the company raised its outlook and posted earnings and revenue that beat Wall Street estimates. The owner of Olive Garden and other chain restaurants reported fiscal third-quarter profit of $223.6 million, beating expectations and...

Hawaii bills push 1st state ban on plastics in restaurants

Mar. 19, 2019 3:49 PM EDT

HONOLULU (AP) — Hawaii would be the first state in the U.S. to ban most plastics at restaurants under legislation that aims to cut down on waste that pollutes the ocean. Dozens of cities nationwide have banned plastic foam containers, but Hawaii's measure targeting fast-food and full-service restaurants...

KFC dedicates China restaurant to memory of Communist hero

Mar. 5, 2019 7:47 PM EST

BEIJING (AP) — Fast-food chain KFC is memorializing a popular Chinese Communist hero with restaurant decor extolling his deeds, in a rare matching of an iconic American brand with Communist propaganda. The official Xinhua News Agency said the company launched its first "Lei Feng Spirit" restaurant in Lei's...

Asian stocks rise after listless Wall Street day

Feb. 11, 2019 11:04 PM EST

BEIJING (AP) — Asian stocks rose Tuesday following a listless day on Wall Street as investors looked ahead to U.S.-Chinese trade talks. KEEPING SCORE: Tokyo's Nikkei 225 rose 2 percent to 20,745.28 and the Shanghai Composite Exchange added 0.3 percent to 2,661.89. Hong Kong's Hang Seng was 1.5 points...

Restaurant Brands gains, Loews plunges

Feb. 11, 2019 4:58 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: NuVasive, up $6.57 to $56.12 The medical device maker is a potential buyout target of Britain's Smith & Nephew Plc., according to media reports. Insperity, up $21.07 to $131.97 The human resources company reported...

Markets Right Now: Stocks hold steady ahead of trade talks

Feb. 11, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are mixed at the close of trading as Wall Street looks ahead to key trade talks between the U.S. and China this week. The Dow Jones Industrial Average fell 53 points, or 0.2 percent, to 25,053, mostly due to...

Chipotle, Hanesbrands rise while Twitter, Dunkin slip

Feb. 7, 2019 4:38 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: SunTrust Banks Inc., up $5.98 to $64.72 Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank valued at about $66 billion. Tapestry Inc., down $5.83 to $33.48 The maker of high-end...

Yum's quarterly profits slip despite strong same-store sales

Feb. 7, 2019 2:50 PM EST

LOUISVILLE, Ky. (AP) — Yum Brands missed Wall Street's profit and revenue forecasts in the fourth quarter, overshadowing other, more upbeat, news from the parent of Taco Bell, KFC and Pizza Hut. Yum said same-store sales — a key metric for the industry — grew 2 percent in 2018, its fifth...

McDonald's sales up globally, despite fewer US customers

Jan. 30, 2019 12:38 PM EST

McDonald's says modernized stores and growth in delivery helped bring in more customers globally last year, but lower store traffic in the U.S. remains a concern. The world's biggest hamburger chain said sales rose 4.4 percent at established locations in the fourth quarter and 4.5 percent for the year. McDonald's...