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By Granth Vanaik and Waylon Cunningham (Reuters) - DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were offseting some of its gains from ris...
Runaway prices at U.S. fast-food joints and restaurants have made people skittish down the income ladder and executives at chains including McDonald's and Wendy’s recently said they worry about losing business from those on the tightest budgets. Roughly a quarter of low-income consumers, defined as those making less than $50,000 a year, said they were eating less fast food and about half said they were making fewer trips to fast-casual and full-service dining establishments, according to polling in February by Revenue Management Solutions, a consulting firm. The rising price of f...
Starbucks union representatives want to create a national template for labor contract negotiations with the coffee chain, according to union organizers - an idea a Starbucks spokeswoman said the...
By Waylon Cunningham and Deborah Mary Sophia DALLAS (Reuters) - Wendy's has no plans to raise menu prices during peak demand, the company said on Wednesday, days after comments from its CEO that the burger chain would start testing "dynamic pricing...
DALLAS (Reuters) -Wendy's said on Wednesday it has no plans to raise menu prices at times of peak demand, after the burger chain was scorched on social media sites for comments its CEO made earlier this month suggesting the chain may start testing "dynamic pricing." CEO Kirk Tanner told investors on a call this month that starting as early as 2025, Wendy's would begin testing features including "dynamic pricing and daypart offerings". Dynamic pricing refers to surge pricing based on demand, especially during peak hours of the day.