Jollibee Foods (PSE: JFC) is acquiring a 70% stake in South Korea’s Compose Coffee, valuing it at $340 million. This marks Jollibee’s most expansive global move to date. The stock rose 0.44% post-announcement, with analysts praising the strategic investment.
McDonald's (NYSE: MCD) has launched a $5 value meal to attract customers amidst challenging Q1 results, including a 2.5% rise in US same-store sales, slightly missing forecasts. This move aims to counteract perceptions of pricey offerings while competing with KFC and Burger King.
Global Infrastructure Partners (GIP) confirmed BlackRock won't join the privatization of Malaysia Airports (MAHB) amid backlash over BlackRock's alleged Israel ties. GIP, alongside Khazanah Nasional, seeks to value MAHB at $3.9B. This move comes amid protests in Malaysia, a supporter of Palestini...
Guzman Y Gomez (ASX: GYG) debuted on the Australian Stock Exchange with a 36% rise in share price, closing at AUS$30. The IPO raised AUS$335.1 million, boosting market capitalization to AUS$3 billion. Despite a net loss forecast for 2024, GYG plans aggressive store expansion.
McDonald's (NYSE: MCD) ends its AI voice ordering tech partnership with IBM (NYSE: IBM) and plans to implement a new solution by year’s end. This move highlights potential growth for SoundHound AI (NASDAQ: SOUN), which already has successful engagements in the QSR sector. Investors eyeing SoundHo...
The General Court in Luxembourg has barred McDonald’s (NYSE: MCD) from using the term "Big Mac" for poultry products after a prolonged trademark battle with Irish competitor Supermac’s. The ruling could influence McDonald’s stock performance and future branding strategies.
Chipotle's stock is trading at 67 times earnings, sparking debates amidst its impressive growth and loyal customer base. Analysts fear a potential market correction, with future earnings yields falling short compared to ...
Today, a range of leading corporations across various sectors unveiled their latest quarterly earnings, offering fresh insights into their financial health and potential market directions.
McDonald's is poised to unveil its fourth-quarter earnings ahead of Monday's market opening. Anticipation is building on Wall Street for continued growth in the company's most recent quarterly performance...
