Weekly Global News Wrap: Fast food giants top Wall Street’s estimates; McDonald’s reveals latest celebrity meal; Yum Brands accelerates gender parity deadline
Here is a summary of the most interesting news stories of the week from around the world.
McDonald’s, Restaurant Brands International and Starbucks topped Wall Street’s estimates for their latest quarter earnings, according to separate reports from CNBC. Click on the respective brand name to read more.
McDonald’s also announced its latest celebrity meal, partnering this time with American rapper and TikTok personality Saweetie, Business Insider reported. The move comes after finding success in their Travis Scott and BTS meals. Read more here.
Citing labor shortages in the poultry processing industry, Wingstop is exploring potential larger and more frequent menu price increases in the second half. As reported by Nation’s Restaurant News, chairman and CEO Charlie Morrison said price increases will be “surgical” rather than across the board, and will be accompanied by ongoing efforts to contain costs. Read more here.
A year after launching its new rewards program in the U.S., Taco Bell is making some upgrades and giving away free tacos, Restaurant Business reported. Purchases made in the restaurant, drive-thru and at kiosks will yield points, in addition to orders placed via the app. Read more here.
Yum! Brands is hastening its gender parity deadline to 2025 from 2030 after the number of women in senior leadership reached 47% at the company last year, Restaurant Dive reports. The company also plans to increase diversity amongst its executive and management teams, franchisees and suppliers. Read more here.
