People seem to be buying less food from quick-service restaurants, a trend seen as Yum! Brands, Starbucks and McDonald’s offered their latest quarterly updates on their businesses.
People seem to be buying less food from quick-service restaurants . That appears to be the case after companies such as Yum! Brands, Starbucks and McDonald’s offered their latest quarterly updates on their businesses. In the first quarter, the corporate parent of KFC, Taco Bell and Pizza Hut said its overall same-store sales narrowed by 3%, which was "expected," said Yum! Brands CEO David Gibbs in the company’s press release Wednesday.
" HISTORY OF STARBUCKS: THE JOURNEY FROM LOCAL SEATTLE STORE TO GLOBAL COFFEE POWERHOUSE "Headwinds discussed last quarter have continued in a number of key markets; we continue to feel the impact of a more cautious consumer, particularly with our more occasional customer, and a deteriorating economic outlook has weighed on customer traffic and impact felt broadly across the industry," CEO Laxman Narasimhan said. "In the U.S., severe weather impacted both our U.S.
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