Food and Drinks

NEW YORK - Restaurant chains including McDonald's Corp and KFC are paring back $5-and-under "value" items in favor of more expensive $10-to-$30 combination meals, a strategy employed to lift sales and profits and offset rising food costs as the U.S. economy reopens.

Wingstop CEO Charlie Morrison told “Cavuto: Coast to Coast” Tuesday that due to shortage and soaring costs of chicken, the company is launching “Thighstop” as a more affordable alternative.

Krispy Kreme Inc. seeks to raise up to $640 million in an initial public offering later this year, according to regulatory filings released Tuesday.

Chipotle Mexican Grill is offering its customers a chance to win a new Tesla, but they'll have to be willing to play.

The fast-food chain announced Tuesday that its MyMcDonald’s Rewards program will be available at participating restaurants nationwide starting on July 8.

Starbucks has an opportunity to caffeinate its coffee sales as workers head back to the office post-pandemic, according to Wells Fargo.

Poultry giant Sanderson Farms Inc. is exploring a sale, according to people familiar with the matter, as demand for chicken products rises.

Constellation Brands, the brewer of Corona, is investing in “Breaking Bad” stars Bryan Cranston and Aaron Paul’s mezcal, Dos Hombres.

Kroger Family of Companies received a substantial application increase from the company’s hybrid hiring event earlier this month.

On Thursday, the U.S. agreed to suspend tariffs on single malt Scotch whisky, two years after the U.S. imposed a 25% tariff on the product during a separate trade dispute.

Kroger Co. says inflation is starting to creep up, but that it’s too early to tell if higher prices are permanent.

Beverage alcohol company Diageo signed a multi-year agreement to become the first spirits sponsor of the NFL.

The price of a lobster roll this summer could leave some seafood lovers shell shocked.

Amazon’s automated grocery store is opening this week with cashierless checkout in Bellevue, Washington.

Kraft Heinz CEO Miguel Patricio says the food and beverage giant is studying whether it will increase its prices amid rising concerns about inflation.

Millions of Girl Scout cookies have gone unsold this year — and it’s not because of thinning demand for Thin Mints.

Greg Duell, the co-owner of Duff's Famous Wings in upstate New York, said wing costs have increased by about 99% and attributed the spike in prices to the labor shortage at chicken farms as restaurants are reopening across the country.

E-commerce grocery platform Boxed has announced plans to go public with special purpose acquisition company Seven Oaks Acquisition Corporation in a move to take on 'big box' store membership.

Employees at the U.S. division of JBS SA, JBSAY, the world’s largest meat company, noticed something wrong in their computer systems over Memorial Day weekend, the unofficial kickoff for the busy summer grilling season.

Next time you savor a McDonald’s french fry, remember to thank Bill Gates for the tasty spud.