Maple Street Biscuit Company, a Cracker Barrel-owned restaurant chain, shuttered more than a dozen locations that fell short of its financial expectations. Cracker Barrel warned in its earnings call last week that 14 locations would be impacted by the closures during fiscal 2026. However, Cracker Barrel told FOX Business that it had already closed the locations.“We appreciate the continued patronage of the many guests who have dined with Maple Street at these 14 locations over recent years and thank our tea ...

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 reduce its store count by roughly 1% in Canada and the US this fiscal year. By year-end, the total company-operated and licensed stores across the US and Canada will be nearly 18,300. As of Q3, there were 18,842 locations in North America. Starbucks wil ...

Starbucks' chief technology officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. ...

By Waylon Cunningham -Starbucks' chief technology officer Deb Hall Lefevre resigned without a permanent replacement, according to an internal memo sent to corporate staff on Monday, seen by Reuters. The memo, written by Chief Financial Officer Cathy Smith, named Ningyu Chen, previously senior vice president of global experience technology, as interim chief technology officer. Lefevre, a former McDonald’s executive, was hired in May 2022 as part of the chain's focus on improving its drive-through, mobile ...

Maple Street Biscuit Company, a Cracker Barrel-owned restaurant chain, shuttered more than a dozen locations that fell short of its financial expectations.  Cracker Barrel warned in its earnings call last week that 14 locations would be impacted by the closures during fiscal 2026. However, Cracker Barrel told FOX Business that it had already closed the locations."We appreciate the continued patronage of the many guests who have dined with Maple Street at these 14 locations over recent years and thank our te ...

Meridian Funds, managed by ArrowMark Partners, released its “Meridian Contrarian Fund” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The U.S. equity market showcased a significant recovery during the quarter, rising 23% from low to end the quarter at a record high. U.S. large-cap stocks gained 11.1% in the quarter, and within the large-cap category, growth stocks outperformed value stocks. In this environment, the fund returned 16.42% (net) during the quarter, exceeding ...

With the major equity indices continuing to sit around record highs, you’d be forgiven for thinking it’s been smooth sailing for investors. But dig a little deeper, especially in non-tech names, and plenty of individual stocks are being punished. For investors with an appetite for risk and contrarians, that’s often where the biggest opportunity can be lying. As Wall Street likes to say, trying to “catch a falling knife” can be risky, but the payoff can be huge if you time it right. Two stocks that now fit t ...

You might know Darden Restaurants (NYSE: DRI ) best as the company that owns Olive Garden, but this company actually owns 10 restaurant concepts in total, including LongHorn Steakhouse and Yard House. This portfolio of restaurants gives itI am a freelance business writer. I formerly wrote articles for the Motley Fool Blogging Network, where I won several editor's choice awards. After that, I wrote articles for the main Motley Fool site. I typically focus on restaurants, retailers, and food manufacturers, co ...

We recently published 14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks. ABrinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer recently discussed. Cramer frequently discusses Brinker International, Inc. (NYSE:EAT) in his morning show. The reason he does so is due to the turmoil that some other restaurant stocks are experiencing. Cramer believes that Brinker International, Inc. (NYSE:EAT) stands out from the pack, and he is also a fan of the firm’s CEO, Kevin Hoc ...

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. After years of underperforming, casual dining seems to have hit its stride this year. Chili’s is posting record-breaking same-store sales and traffic growth, while others, like Applebee’s, switched from negative to positive sales growth this year. Value moves by casual chains have put the segment in direct price competition with fast food and fast casual — to ...