Weekly Global News Wrap: Chains’ latest earnings a mix bag due to inflationary pressures; Jack in the Box to try kitchen robots; Taco Bell offers $8m worth of scholarships

Here is a summary of the most interesting news stories of the week from around the world.

McDonald’s and Chipotle are amongst the chains that have beaten Wall Street estimates in their latest earnings reports, despite rising labour costs and price hikes. Read more from CNBC here and here.

Inflationary pressures, however, took a bite from Domino’s first quarter earnings, with executives expecting challenges to persist throughout the year. Read more from Restaurant Business.

Jack in the Box is the latest chain to throw its hat in the robotics space, piloting two of Miso Robotics’ products, Sippy and Flippy 2, at one location later this year. Flippy 2 automates back-of-house fry stations, whilst Sippy automates beverage preparations. Read more from Restaurant Dive.

Taco Bell’s charity arm is offering $8 million in scholarships to break down barriers to education for 772 students in the U.S. Scholarship recipients include nearly 200 “fans” of the brand, 150 Taco Bell restaurant team members, and 430 renewal winners. Read more from Nation’s Restaurant News.

Starbucks has been sued by the United States’ National Labor Relations board for allegedly unfairly firing or retaliating against three union leaders from the company and is seeking injunctive relief and the reinstatement of these employees to the original positions with full pay. Read more from Nation’s Restaurant News.

Follow the link s for more news on

Earnings

Staffing

Also Read

Weekly Global Wrap: Yum! Brands pulls onions from restaurants amidst E. Coli outbreak; Nando's launches new growth strategy; Denny's shutters 150 restaurants

5 focus areas for Starbucks to reverse global declining sales

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit