Food & Drink

Topline Abbott Laboratories has reached an agreement with the Food and Drug Administration to reopen its baby formula plant in Sturgis, Michigan, the company announced Monday, raising hopes that a national formula shortage—fueled partly by the Sturgis plant’s closure due to safety concerns—will be over in a matter of weeks. Key Facts Once the FDA
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Portillo’s is coming off a strong first quarter earnings performance for sales growth, but a quarter hindered nonetheless by “unprecedented commodity inflation.” The highest impact inflation is coming from pork, chicken and beef prices, executives noted during the company’s May 5 call. Starting Tuesday, Portillo’s will have a new permanent menu item in the mix
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After leaving law school thirty years ago in pursuit of her passion for wine, Court of Master Sommelier certified sommelier Tonya Pitts has worked in some of San Francisco’s top restaurants. As award-winning Wine Director of One Market Restaurant in the Embarcadero district for the past decade, she conducts a 600-selection wine list like Tchaikovsky’s
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Topline Markets are so far having one of their worst years in history as investors are whipsawed by rising inflation, tighter monetary policy from the Federal Reserve and Russia’s war against Ukraine, but despite the ongoing volatility, Wall Street analysts see opportunities and recommend a basket of defensive and stable stocks. Key Facts With markets
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Carl’s Jr. and Hardee’s both have storied histories dating back over half a century, but the quick-service chains are now going through perhaps their biggest transformation yet. Parent company CKE Restaurants Holdings Inc. today announced a holistic reimaging effort that includes everything from updated exteriors to new kitchen equipment to technology upgrades. The effort is
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Laird Superfood, which was cofounded by famed big-wave surfer Laird Hamilton alongside his friend Paul Hodge, had a stellar IPO about two years ago, when the public was betting on the plant-based nutrition company’s potential of taking on legacy CPG with its natural and organic offerings, but it took a sharp turn almost immediately after:
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Dine Brands proved in Q1 that consumers’ pent-up demand for a casual dining experience outweighs their trepidation about inflation. On Wednesday, the parent company of Applebee’s and IHOP announced year-over-year same-store sales growth of 14.3% and 18.1%, respectively. Further, the company’s gross profits increased by 9% year-over-year despite significant inflationary headwinds, and it didn’t see
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