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RAVE Restaurant Group, Inc. Reports Fourth Quarter and Fiscal Year End 2025 Financial Results
Globenewswire· 2025-09-25 13:01
DALLAS, Sept. 25, 2025 (GLOBE NEWSWIRE) -- RAVE Restaurant Group, Inc. (NASDAQ: RAVE) today reported financial results for the fourth quarter and fiscal year ended June 29, 2025. Fourth Quarter Highlights: The current year fourth quarter had 13 weeks but the same quarter in the prior year had 14 weeks.The Company recorded net income of $0.8 million for the fourth quarter of fiscal 2025, a 3.6% decrease from the same period of the prior year.Income before taxes increased by 3.8% to $1.2 million for the fourt ...
Fatburger Returns to Japan with New Development Deal in Okinawa
Globenewswire· 2025-09-25 13:00
Iconic All-American Burger Chain to Open Four Locations in Okinawa Over The Next Five Years LOS ANGELES, Sept. 25, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc., parent company of Fatburger and 17 other restaurant concepts, announces a new partnership with Green Micro Factory Inc. to bring the beloved burger brand back to Japan. Four locations will open in Okinawa over the next five years, with the first unit slated to open before the end of the year. “Okinawa presents a strategic oppo ...
Starbucks to close stores, lay off 900 as part of overhaul
Yahoo Finance· 2025-09-25 12:42
More cost-cutting is on the way to Starbucks. The coffeehouse chain plans to lay off 900 corporate workers and shut down an undisclosed number of stores across North America as part of its ongoing turnaround plan . The company announced the moves, which will cost about $1 billion for severance payments, lease exits and other store closure costs, in a message to employees Thursday. All corporate employees were asked to work from home for the remainder of the week, with layoff notifications set to occur on ...
Red Robin Conjures Up a Hauntingly Big Burger and Wicked New Margarita for Spooky Season
Prnewswire· 2025-09-25 12:17
Accessibility StatementSkip Navigation Guests can grab their broomsticks and head into Red Robin to enjoy the Mega Monster Burger, Mad Scientist Margarita and spook-tacular deals starting Sept. 29 ENGLEWOOD, Colo., Sept. 25, 2025 /PRNewswire/ --Â Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB) is summoning the spirits of Halloween with a frighteningly tastylineup of limited-time offerings to awaken taste buds from the grave at participating locations. Red Robin's new Mega Monster Burger, Candied Orange Fizzy ...
Starbucks to close stores, cut 900 jobs in $1B restructuring
Invezz· 2025-09-25 12:13
Starbucks Corp. on Thursday announced it will close stores and eliminate 900 positions as part of a $1 billion restructuring initiative aimed at revitalising the coffee chain under Chief Executive Off... ...
Starbucks to close hundreds of stores, lay off 900 workers as part of turnaround plan
Yahoo Finance· 2025-09-25 12:06
Starbucks said Thursday it's closing hundreds of stores in the U.S., Canada and Europe and laying off 900 nonretail employees as it focuses more of its resources on a turnaround. The Seattle coffee giant said store closures would start immediately. Starbucks said affected baristas will be offered severance packages and transfers to other locations where possible. The company wouldn't give a number of stores that are closing, but the bulk of the closures appear to be in the U.S. and Canada. Starbucks said ...
Starbucks to close stores, slash 900 jobs in restructuring plan
Yahoo Finance· 2025-09-25 12:03
Starbucks (SBUX) announced plans to close unprofitable locations and cut corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. In a letter posted to its blog and sent to employees on Thursday, Niccol shared that the company plans to eliminate 900 non-retail roles and close open positions as part of a $1 billion restructuring effort. The memo said employees will be notified on Friday, Sept. 26, and will offer "severance and support packages including benefits extensions." "We will c ...
Starbucks announces plans to cut another 900 jobs and close more stores as its turnaround struggles continue
Yahoo Finance· 2025-09-25 12:03
Starbucks (SBUX) announced plans to close unprofitable locations and cut corporate jobs as CEO Brian Niccol focuses on the company's turnaround plan. In a letter posted to its news blog, and sent to employees on Thursday, Niccol shared that the company plans to eliminate 900 current non-retail roles and close open positions. The memo said employees will be notified on Friday, Sept. 26 and will offer "severance and support packages including benefits extensions." "We will continue to carefully manage cost ...
McDonald’s is supersizing its value menu to win back average Americans — could it be a sign of trouble ahead?
Yahoo Finance· 2025-09-25 12:00
McDonald’s Extra Value Meals are back, saving consumers 15% across eight new offerings that each feature an entrée, fries and drink — with more deals to follow later this year [1]. The move by McDonald’s is an attempt to win back low-income customers who’ve pulled back their spending [2]. Must Read But how much will that discount really matter to most Americans? Well, if the average U.S. household spent $3,933 eating away from home in 2023, a 15% discount on every one of those meals would add up to $60 ...