Latest news with #fastfood
Reuters
an hour ago
- Business
- Reuters
KFC India operator Sapphire posts quarterly loss as expenses rise
July 23 (Reuters) - Sapphire Foods India ( opens new tab, which operates Pizza Hut and KFC restaurants in the country, reported a quarterly loss on Wednesday, as expenses rose and fast-food restaurant chains faced stiff competition from local cafes and online kitchens. The restaurant operator posted a net loss of 18 million rupees ($208,345.39) for the first quarter ended June 30, compared to a profit of 85.2 million rupees a year earlier, according to a regulatory filing. Total expenses rose 10.4%. Popular fast-food chains including Pizza Hut and KFC have been struggling to maintain same-store sales growth in India, as consumers wary of high cost of living cut back on dining out and ordering in. They are turning to heavy discounting to draw more diners, with KFC pushing its nine-piece fried chicken for 299 rupees ($3.50) in a deal that it called "epic savers" and Pizza Hut offering a free Pepsi with select pizzas during the quarter. Still, the efforts fell short at Sapphire Foods, with same-store sales flat at KFC and down 8% at Pizza Hut in India. However, its move to open dozens of news stores in the 12 months to June-end helped Sapphire Foods, one of the two Yum Brands (YUM.N), opens new tab franchisees in India, push its revenue higher by 8.1% to 7.77 billion rupees. ($1 = 86.3950 Indian rupees)
Daily Mail
2 hours ago
- Business
- Daily Mail
Sonic brings back signature menu item
Sonic is the latest fast-food chain to jump into the chicken snack wrap wars, going head-to-head with McDonald's. The chain, often ranked among America's unhealthiest , made headlines after bringing back its Crispy Tender Wraps just days before McDonald's triumphant Snack Wrap return. Sonic's wraps, priced from $1.99 on its FUN.99 value menu, come with zesty baja sauce or honey chipotle aioli and are stuffed with lettuce, tomatoes, and cheddar cheese. Fans are divided over whether Sonic can top McDonald's classic. 'The honey chipotle gonna be hard for McDonald's to top,' an Instagram user wrote. Another dismissed Sonic's attempt: 'Love u but u can't win this bestie.' The wraps join Sonic's limited-time Grillo's Pickles Big Dill Meal and Live Free Fridays special in the chain's summertime celebration. Fans had been preparing for McDonald's Snack Wraps ever since the company announced the return last year . The hype increased in March after an employee revealed what he believed was the offering's return date on TikTok. Once July 10 rolled around, customers were rushing to purchase a spicy or ranch McDonald's Snack Wrap for $2.99. The restaurant chain also revamped the wraps to include its new McCrispy Strips rather than an original chicken breast. The wrap return came months after McDonald's suffered its biggest drop in sales since the pandemic. Falling 3.6 percent during this year's first quarter, the price drop was one of many that McDonald's has suffered over the years following inflation and new tariffs . Sonic has also been down on its luck after its annual sales fell 2.7 percent last year and being outperformed by regional chains like Whataburger and In-N-Out Burger. Finishing the year with approximately 3,461 US locations, Sonic's website shows the restaurant count is now down to 3,444.
Yahoo
6 hours ago
- Business
- Yahoo
Yum! Brands' Quarterly Earnings Preview: What You Need to Know
Louisville, Kentucky-based Yum! Brands, Inc. (YUM) develops, operates, franchises, and licenses quick service restaurants. Valued at $40.3 billion by market cap, the company prepares, packages, and sells a menu of food items. The fast-food company is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Tuesday, Aug. 5. Ahead of the event, analysts expect YUM to report a profit of $1.45 per share on a diluted basis, up 7.4% from $1.35 per share in the year-ago quarter. The company surpassed the consensus estimates in three of the last four quarters while missing the forecast on another occasion. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. For the full year, analysts expect YUM to report EPS of $6.01, up 9.7% from $5.48 in fiscal 2024. Its EPS is expected to rise 10.5% year-over-year to $6.64 in fiscal 2026. YUM stock has outperformed the S&P 500 Index's ($SPX) 10.5% gains over the past 52 weeks, with shares up 13.4% during this period. Similarly, it outperformed the Consumer Discretionary Select Sector SPDR Fund's (XLY) 12.7% gains over the same time frame. YUM is outperforming due to strong menu pricing, average check growth, and an aggressive expansion strategy. The company is seeing success with strategic partnerships, digital transformation, and operational streamlining. Additionally, global development is progressing well, with a focus on key markets such as China and India. Comps' growth is strong, fueled by international markets and localized innovation. YUM aims to continue driving growth through market penetration and expanded offerings in 2025. On Apr. 30, YUM shares closed up more than 1% after reporting its Q1 results. Its adjusted EPS of $1.30 surpassed Wall Street expectations of $1.29. The company's revenue was $1.79 billion, falling short of Wall Street forecasts of $1.84 billion. Analysts' consensus opinion on YUM stock is reasonably bullish, with an overall 'Moderate Buy' rating. Out of 27 analysts covering the stock, nine advise a 'Strong Buy' rating, and 18 give a 'Hold.' YUM's average analyst price target is $162.04, indicating a potential upside of 10.9% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
8 hours ago
- General
- Yahoo
The Drive-Thru Etiquette You Should Be Considerate Of
Ever sat in what feels like an eternal drive-thru line wondering if the people inhabiting the vehicle in front of you have ever "restauranted" before? No option of moving forward and no option of turning back can ramp up claustrophobic tendencies, making you feel trapped. Anyone who has worked a fast food job knows there is a certain etiquette to keep the line a-moving! In the age of instant gratification, we all have places to go and people to see -- or at least food and beverages to consume. Rolling through a drive-thru almost certainly guarantees that passing through patrons are hungry and seeking convenience. Out of respect for their rumbling tummies, take a look through the menu before you approach the ordering area. This will ensure that you don't feel rushed or pressured to make a split minute decision and will also keep those important drive-thru times down. A 2022 study published in PLOS One suggests that feeling 'hangry' could be a real thing. Hunger activated anger is both a physiological and psychological reaction. So, spare yourself the risk of road rage or a hanger-fueled bumper bonk and be ready when it is your turn in the line. This is your time to shine, speedy. With technology at the tip of our fingers, use that smartphone to view the menu online before arriving. Luddite tendencies? You can also opt to enter the establishment and take a gander at the menu from the inside. Drive-thrus have the potential for efficient and expedited experiences, given a little group effort and etiquette. Designed to accommodate a quick transactional exchange, if we all work together, in theory, we can get in and out (or In-N-Out) pretty painlessly. Encourage your particularly slow or disorganized friends and family members to plan ahead. Research is key! Read more: Every Popeye's Side Dish, Ranked Worst To Best Don't Forget The Line Behind You After you've done your homework and drafted up an idea of what you'll order, keep a few additional drive-thru etiquette rules of thumb in mind. For one, don't chat it up too much with your window worker. Kindness will likely facilitate a positive experience for you and the employee alike, but don't forget your fellow passengers behind you in the line! Be polite to everyone involved by keeping conversation concise. No trash talk, and no trash garbage, either. Employees are bustling to prepare and deliver food. Handing them unsanitary garbage will force workers to stop and wash their hands, inevitably slowing down the line. At my first ever job as a teenaged McDonald's crew member, we were forbidden from taking anything except cash and cards from drive-thru patrons. I held strong, although I was asked daily to throw away car debris, soiled food wrappers, and other, icky, miscellaneous litter. Although able to accept coins, paying predominantly in change can also cause drive-thru backups. Workers sifting through small bits of currency prevents their hands from organizing food and may lead them to a sink for a hand wash, which we covered already. Prepare your order, prepare your payment, and prepare your patience. If you find yourself in a real time crunch, Taco Bell is the fast food restaurant with the quickest drive-thru. You can also save everyone time by avoiding placing large orders in the drive-thru. Spread the word; teamwork makes the dreamwork, so educate those around you on these important etiquette practices. With the aforementioned courtesies, you will raise the odds of getting your munchies as quickly as possible. Read the original article on Tasting Table. Solve the daily Crossword
Daily Mail
16 hours ago
- Entertainment
- Daily Mail
McDonald's rival brings back a signature menu item... just as the iconic burger joint does the same
Sonic is the latest fast-food chain to jump into the chicken snack wrap wars, going head-to-head with McDonald's. The chain, often ranked among America's unhealthiest, made headlines after bringing back its Crispy Tender Wraps just days before McDonald's triumphant Snack Wrap return. Sonic's wraps, priced from $1.99 on its FUN.99 value menu, come with zesty baja sauce or honey chipotle aioli and are stuffed with lettuce, tomatoes, and cheddar cheese. Fans are divided over whether Sonic can top McDonald's classic. 'The honey chipotle gonna be hard for McDonald's to top,' an Instagram user wrote. Another dismissed Sonic's attempt: 'Love u but u can't win this bestie.' The wraps join Sonic's limited-time Grillo's Pickles Big Dill Meal and Live Free Fridays special in the chain's summertime celebration. Fans had been preparing for McDonald's Snack Wraps ever since the company announced the return last year. The hype increased in March after an employee revealed what he believed was the offering's return date on TikTok. Once July 10 rolled around, customers were rushing to purchase a spicy or ranch McDonald's Snack Wrap for $2.99. The restaurant chain also revamped the wraps to include its new McCrispy Strips rather than an original chicken breast. The wrap return came months after McDonald's suffered its biggest drop in sales since the pandemic. Falling 3.6 percent during this year's first quarter, the price drop was one of many that McDonald's has suffered over the years following inflation and new tariffs. Sonic has also been down on its luck after its annual sales fell 2.7 percent last year and being outperformed by regional chains like Whataburger and In-N-Out Burger. Finishing the year with approximately 3,461 US locations, Sonic's website shows the restaurant count is now down to 3,444. Other restaurant chains have also entered the chicken wrap wars. Popeyes sparked a war with McDonald's in June by releasing limited-time Chicken Wraps. The chicken chain's wraps come with similar ingredients as McDonald's wraps, and comes with Classic, Spicy, or Honey Mustard sauce. Taco Bell entered its meaty prime with a new lineup that includes crispy chicken tacos and burritos. The new concoctions, which received positive reviews from social media users, came after the impressive reception of its chicken nuggets. Unlike these chains, Burger King and Wendy's opted to add chicken wraps onto menus in 2023 and keep them there.
