Amelia Lucas
CNBC
New York, NY, United States
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Past articles by Amelia:
A fight between fast-food chains and unions in California is over, for now – what to know
The California minimum wage for fast-food workers is on track to rise to $20 an hour next April. → Read More
Sweetgreen sued by workers at 7 New York restaurants for alleged racial discrimination
The lawsuit alleges that Black workers at seven Sweetgreen restaurants were subjected to racist comments and passed over for promotions. → Read More
Former Starbucks CEO Howard Schultz steps down from coffee chain's board
The former CEO of Starbucks, Howard Schultz, is leaving the company's board and transitioning to a chairman emeritus role. → Read More
Smucker agrees to buy Twinkies maker Hostess Brands for $5.6 billion
Hostess saw demand for its Twinkies slip after raising prices, sparking takeover interest from larger rivals. → Read More
Cava shares surge as Mediterranean restaurant chain swings to a profit in first report since IPO
Cava net sales soared 62% to $172.9 million, fueled by new restaurant openings. → Read More
Olive Garden owner Darden Restaurants buys Ruth's Chris Steak House for $715 million
Ruth's Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022. → Read More
Yum Brands earnings miss estimates despite KFC and Pizza Hut's recovery in China
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations. → Read More
Starbucks is about to report earnings. Here's what to expect
Shares of Starbucks have risen 14.6% this year, giving the company a market value of $131 billion. → Read More
Restaurant Brands earnings beats estimates, fueled by Tim Hortons' and Burger King's strong sales
Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold. → Read More
Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
Olipop's rise coincides with declining soda consumption in the U.S. and rising interest in "gut health." → Read More
Chipotle Mexican Grill's restaurant traffic grows as the chain proves its pricing power
Shares of Chipotle jumped after the company's earnings and revenue beat Wall Street's expectations. → Read More
McDonald's diners are pushing back against price increases in some markets, CEO says
Consumer companies like McDonald's, PepsiCo and Coca-Cola are reporting mixed reactions to higher prices during the first quarter. → Read More
McDonald's earnings beat estimates as U.S. traffic grows despite price hikes
Shares of McDonald's have risen 11% this year, giving it a market value of $214 billion. → Read More
Subway reports double-digit quarterly sales growth as sandwich chain seeks buyer
Subway's same-store sales climbed 12.1% in the first quarter, showing that its turnaround is taking hold. → Read More
Coca-Cola earnings beat estimates, fueled by price hikes and higher demand
Coke's stock has risen less than 1% in 2023, and the company has a market value of $277 billion. → Read More
Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
McDonald's, Chipotle Mexican Grill and Domino's Pizza are among the restaurant companies reporting their earnings next week. → Read More
Procter & Gamble beats earnings estimates, raises revenue forecast as prices rise
Procter & Gamble beat earnings expectations as higher prices helped offset lower demand for its products. → Read More
Burger King is selling more Whoppers than ever before in early days of its U.S. turnaround
Early steps to improve operations and jazz up Burger King marketing are already boosting sales and customer satisfaction. → Read More
Restaurant prices are rising faster than grocery prices for the first time since inflation ran hot
March marks the first month since inflation started accelerating in 2021 that restaurant prices outpaced grocery prices on a 12-month basis. → Read More
Chipotle unveils sustainable-restaurant design as it aims to cut carbon footprint in half by 2030
Next year, more than 100 of the burrito chain's new locations will use all-electric equipment and some additional elements from the new design. → Read More