Restaurants prep for long-term labor crunch by turning to robots to man the fryer, shuttle food to tables

At Inspire Brand’s Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time. The bots, known as Flippy 1 and 2, have been in development for nearly five …

Beyond Meat stock tumbles 14% after lowering third-quarter revenue outlook

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Shares of Beyond Meat tumbled more than 14% in premarket trading Friday after the company warned it expects to report lower revenue …

Here’s what to expect from Chipotle Mexican Grill earnings

A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill is expected to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings …

Pricier shipping containers and port delays haven’t slowed Vita Coco’s growth, co-CEO says

Vita Coco hasn’t been able to fully stock grocery fridges with its coconut water for months, but co-founder and co-CEO Mike Kirban said that hasn’t stopped the beverage company from gaining new customers. “We haven’t been fully in stock for 18 to 24 months, but at the same time, we’ve grown our business substantially,” Kirban …

Spirits industry pushes for states to lower state taxes on canned cocktails to compete with beer and hard seltzer

Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images John Granata, co-founder of Jersey Spirits Distilling and president of the New Jersey Craft Distillers Guild, has been pushing for lower excise taxes in New Jersey for years. …

Chili’s parent stock tumbles 11% after labor challenges and higher food costs hit earnings

Hiring sign at Chili’s bar and grill with plenty of incentives. UCG | Universal Images Group | Getty Images Shares of Chili’s parent Brinker International fell about 11% in premarket trading Wednesday after the restaurant company released preliminary earnings ahead of its investor day that showed higher labor and food costs ate into its profit …

P&G earnings top estimates as price hikes help offset some higher costs

Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations, but higher costs weighed on the company’s profits.  Here’s what the company …

McDonald’s to test McPlant burger created with Beyond Meat in eight U.S. restaurants next month

McDonald’s McPlant burger Source: McDonald’s McDonald’s will test the plant-based McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. The trial is the latest step in McDonald’s cautious march to add plant-based meat to its menu. The company has taken its time to learn more about the …

Domino’s Pizza stock falls 3% after U.S. same-store sales turn negative

Domino’s in Denmark Francis Dean Domino’s Pizza shares were down more than 3% in premarket trading after the pizza chain’s third-quarter revenue fell short of estimates and its U.S. same-store sales turned negative. The pandemic brought skyrocketing demand for Domino’s pizza in its home market, but as consumers were vaccinated and states relaxed restrictions, investors …

How Chipotle feels about spending close to $2 billion a year on labor

HOUSTON, TEXAS – JUNE 09: Employees speak together at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at the Chipotle Mexican Grill have risen by roughly 4% to cover the costs of raising its’ minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in …