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
Food & Drink
When Trey Zoller founded Jefferson’s Bourbon in 1997 in the heartland of bourbon, Louisville, Kentucky, his hometown, he knew he was taking a chance. But that didn’t matter. All he knew was that he wanted to try his hand at crafting the spirit that he had heard about since his youth and that had been
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
The queen of afternoon tea served with scones and strawberry jam, clotted cream is sometimes confused with butter for its thick, rich texture. While it contains some butterfat (a lot of it, actually), clotted cream isn’t churned, as butter would be. Instead, its butterfat is separated slowly following a precise, lengthy process that here in
As family businesses go, Madhu’s—an Asian culinary conglomerate that has taken upwards of $14 million in revenue a year—has built quite the legacy. Spanning four generations, Madhu’s dates back to 1930s Kenya, where Bishan Das Anand arrived from India (now Pakistan) to build a career. “He was a masterful chef and began catering for the
Ready-to-drink alcohol products are arguably the most disruptive category the beverage industry has seen in recent years. According to a recent study by drink market analysis firm IWSR, ready-to-drink products have, since 2018, been growing faster than any other major drinks category and will command 8% of Total Beverage Alcohol by 2025. RTDs aren’t only
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:
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
Jim Demosthenes grew up in a restaurant family. His dad started the Plaza Diner in New Paltz, N.Y., right off the New York State Thruway, and imbued him with a love of operating restaurants. He started in the business at age 14 working the graveyard shift from 4 a.m. to 11 a.m. at Deisings Bakery
You could say that there have been cereal complaints about Lucky Charms. On May 6, 2022, the website iwaspoisoned.com posted the following message: “Starting in late 2021 Lucky Charms food poisoning reports started to trend on iwaspoisoned.com. Now there are reports of over 7,300 sick.” Yeah, there probably aren’t too many people saying, “gee, I
With so many new restaurant openings in London, it’s difficult to keep track of what’s opening where and when. Here are some of the best new openings in recent months. 1.Roketsu, Fitzrovia Chef Daisuke Hayashi (Tokimeitē, Sake No Hana) showcases Kaiseki dining, a traditional multi-course Japanese style of eating. Hayashi is the first master to
Share to Facebook Share to Twitter Share to Linkedin I’m thinking a lot about food waste this week. Maybe it’s the millions upon millions of chickens, turkeys and egg-laying birds that have been killed due to avian flu. Big food companies like to tout their efficiency, but these consolidated supply chains don’t necessarily create less
We headed to Awash with Rania Sheikh to learn more about the importance of injera within the Ethiopian community. See how it’s made on a traditional round hot plate, or mitad; and talk about the best way to eat and cherish the porous, spongelike food. We also spoke to the chefs about the dish itself
I don’t know anyone who doesn’t love the flavors of Mexican Street Corn. Buttery grilled corn-on-the-cob, mayo, salty Mexican cheese, fresh lime, garlic and powdered chile spice. It’s one of my favorite summer indulgences and a few years ago, I created a grilled corn “salad” side-dish with all those flavors plus some smoky bacon. It
There’s a lot to love about Dear Bella Creamery—their pink scoop shop in Los Angeles, their unique plant-based ice creams, the fact that they just launched nationwide shipping so that people outside of LA can also try their sweet creations (more on that later)—but the thing that jumps out at me having interviewed the passionate
After the pandemic slowed down a bit, Paris Baguette, the global bakery chain, saw its sales in the U.S. rise and started an ambitious franchising effort. Paris Baguette is owned by the SPC Group, a South Korean-based company that manufactures food and bread products and also owns BR Korea, a donut and ice-cream chain. Despite
Americans are in love with agave spirit. Not just on Cinco De Mayo, but on all days. Most of that love has been focused on tequila and mezcal, two of the fastest growing categories on shelves today. The Distilled Spirits Council reports that their total revenue climbed by $1.2 billion over the last year alone.
In the quick-service restaurant business, 34% year-over-year sales are stunningly anomalous, but that’s exactly what Popeyes generated in the quarter following its late-2019 chicken sandwich launch. This type of momentum was bound to slow at some point. Parent company Restaurant Business International’s Q1 earnings report Tuesday suggests we may actually be past that point. Popeyes’
Let’s say you want to save the planet, and you have a lot of cash to throw around. Be on the lookout for snake oil salespeople claiming they have the silver bullet solution in biotech meat aka cell-cultured meat. The fantasy of biotech meat is a dangerous distraction from the entrenched politics that made conventional
Most wine makers (and lovers) believe Europe produces the world’s best red wines—and I’m not one to disagree. Over the years, Zlatan Plenkovic’s Grand Select Plavac Mali (Croatian) and Domaine de la Solitude’s Châteauneuf-du-Pape (French) have not only become my favorite reds, but my all-time favorite wines. And that’s just the start. While bottles of
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