Topic: Restaurants and Food Services
Yum Brands profit edges up in 4Q
AP News
Yum Brands 4th-qtr profit edges up as sales grow overseas offsetting drop in USRiding strong overseas growth, especially in China, restaurant operator Yum Brands Inc. posted a 6 percent gain in fourth-quarter profit Wednesday, making up for lower U.S. sales across its leading brands. The company that owns the ...
McDonald's says to lift 2010 China investment by 25 percent
Reuters US Online Report Business News
SHENZHEN (Reuters) - McDonald's Corp. <MCD.N>, the world's largest hamburger chain, said on Friday that it expects to boost its capital investment in China by about 25 percent in 2010. McDonald's planned to open 150-175 new stores in China this year, Kenneth Chan, McDonald's ...
Garrett, Arby's CEO, departs company
AP News
Longtime Arby's exec leaves Wendy's/Arby's group as fast-food chain launches turnaround effortTom Garrett, a longtime Arby's executive in charge of the struggling roast beef restaurant chain, is leaving the company as it tries to turn around the brand's fortunes, fast-food chain Wendy's/Arby ...
McDonald's profit, December same-store sales rise
Reuters US Online Report Business News
LOS ANGELES/CHICAGO (Reuters) - McDonald's Corp <MCD.N> posted higher quarterly profit helped by strength in Europe and a small rise in December sales in the United States, where high unemployment and rampant discounting are straining results. McDonald's shares rose 2 percent as the world's ...
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