Cracker Barrel has unveiled a new logo that drops its iconic barrel and Uncle Herschel figure, sparking mixed reactions from loyal fans. This change is part of a broader rebranding effort, including new menu items and restaurant remodels.
Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
McDonald's has announced an ambitious plan to hire up to 375,000 workers this summer, aiming to boost its workforce while navigating its ties to the Trump administration. This marks the company's largest hiring initiative in years, alongside a celebration of its educational support program.
Krispy Kreme's stock dropped 24% following an announcement to reassess its partnership with McDonald's. With economic concerns affecting spending, the doughnut chain has pulled its outlook for the year.
McDonald’s reports a surprising 1% drop in global same-store sales, driven by economic uncertainty and weak consumer confidence. The U.S. market saw a 3.6% decline, the worst since 2020, prompting the chain to expand its value menu.
Jack in the Box announces plans to close 150 to 200 locations and explore a sale of Del Taco as it navigates financial challenges and seeks to improve cash flow and reduce debt. CEO Lance Tucker reveals tough competition and declining sales.
In a surprising move, On The Border has filed for Chapter 11 bankruptcy, closing multiple locations in Michigan while aiming for a swift restructuring. The chain plans to focus on operational improvements and a potential asset sale.
