Food & Beverage Stocks

Prominent market commentator Jim Cramer believes defaulting on the national debt could change the geopolitical face of the United States as the debt ceiling impasse continues although the White House has reportedly acknowledged some spending cuts may be required. "I hated being so downbeat tonight...

Starbucks Corporation (NASDAQ: SBUX) is facing irate internet users in China after announcing price hikes. What Happened: On Thursday (Beijing Time), the People’s Daily reported that Starbucks price hikes dominated Weibo — a social media platform akin to Twitter. Starbucks price...

The hashtag “Boycott Starbucks” is trending on Twitter Inc.’s (NYSE: TWTR) social media platform in the U.S. after coffee chain Starbucks Corp. (NASDAQ: SBUX) suspended COVID-19 vaccine-or-test requirement for its U.S. employees. What Happened: The hashtag was among the top ten...

Starbucks Corp. (NASDAQ: SBUX) is expanding its delivery services in China by entering into a new partnership with food delivery giant Meituan (OTC: MPNGY). What Happened: Under the new partnership, Starbucks said it will offer its coffee delivery services on the Meituan platform market-wide....

Kraft Heinz (NASDAQ: KHC) CEO Miguel Patricio has said that the recent trend of higher food prices is here to stay. What Happened: In an interview with the BBC, Patricio acknowledged that Kraft Heinz has raised the prices of more than half of its products in the United...

Domino's Pizza, Inc (NYSE: DPZ) said in a statement to Front Office Sports on Thursday that it was not involved in — or had any prior knowledge of — the “pizza cutter” incident that occurred during the "AEW Dynamite: Fight For Fallen” event on Thursday night....

Coffee chain Starbucks Corp. (NASDAQ: SBUX) said that 25% of its milk-related beverage sales in the U.S. came from alternative dairy offerings in the quarter ending June 30. What Happened: Starbucks made the disclosure while announcing its third-quarter results on Tuesday. The company noted that...

While shares of Starbucks Corp. (NASDAQ: SBUX) fell almost 2% in Tuesday’s extended trading session amid worries about the company’s international growth, Cowen Equity Research said the world’s largest coffee chain continues to be its favorite U.S. “reopening” stock....

Stephens is bullish on Beyond Meat Inc (NASDAQ: BYND) as alternative protein goes from being a “novelty” to one of the “most successful new food product launches in history” in a period of just two years. The Beyond Meat Analyst: Stephens analyst Mark Connelly initiated...

The world’s largest coffee chain Starbucks Corp’s (NASDAQ: SBUX) customer visitation is expected to go back to pre-COVID-19 levels for when the vaccine is widely available, according to a survey conducted by Cowen Equity Research. The Starbucks Analyst: Cowen analyst Andrew Charles has...

Chinese coffeehouse chain Luckin Coffee Inc – ADR (OTC: LKNCY) has agreed to pay a $180 million penalty to settle charges of accounting fraud, the U.S. Securities and Exchange Commission said Wednesday. What Happened: The Associate Director of the SEC’s Division of Enforcement,...

JPMorgan on Wednesday added the bakery company Hostess Brands Inc (NASDAQ: TWNK) to its U.S. Analyst Focus list, reports CNBC. What Happened: The investment bank believes that Hostess’ stock needs a price correction to reflect its growth. “Hostess remains one of the most under...

Starbucks Corporation (NASDAQ: SBUX) is offering free coffee to front-line responders and healthcare workers at participating stores in the United States through December as a part of showing its appreciation. What Happened: The free coffee would be available beginning Dec. 1 through Dec. 31 to any...

Starbucks Corporation (NASDAQ: SBUX) is revising the pay scale for all employees in the United States hired before Sept. 24, according to an internal memo reviewed by Business Insider. The decision is being seen as an attempt by the coffeehouse company to keep up with President-elect Joe...

Starbucks Corporation (NASDAQ: SBUX) has plans to open a store in Laos this summer, the Associated Press reported Monday (Bangkok Time). What Happened: The store in the Laotian capital Vientiane would be operated by a local subsidiary of Hong Kong-based Maxim’s Caterers Ltd. “We...