President Donald Trump signed two executive orders to lower soaring beef prices and rebuild the U.S. cattle herd, which is at its lowest level since 1951 due to drought-driven reductions. One order suspends tariff-rate quotas on beef imports, allowing more low-tariff beef into the U.S., while the other expands loans to ranchers and eases regulations. Beef prices have surged nearly 16% in the past year, reaching record highs and pressuring food businesses. The administration aims to ease grocery inflation ahead of the November midterms, but supply is expected to remain tight through 2027 before recovery.
Sweetgreen's shares fell 10% after the company reported a sharp decline in salad sales due to consumer fears of a cyclospora outbreak and a voluntary jalapeño recall linked to a salmonella outbreak. The company cut its full-year EBITDA loss forecast ...
McDonald's recently launched a value menu with 10 items under $3, but customers report poor perceived value, partly due to the chain cutting digital discounts simultaneously. CEO Chris Kempczinski admitted the rollout was mishandled, leading to dissa...
A salmonella outbreak traced to jalapeño peppers grown in Sinaloa, Mexico, has sickened hundreds and hospitalized 36 people across 27 U.S. states. The peppers were distributed by Coast Citrus Distributors and served at thousands of Chipotle and QDOBA...
Chipotle reported better-than-expected Q2 results with a 2.2% increase in comparable sales, driven by new menu items and an improved rewards program. However, despite revenue growth, net income and earnings per share declined due to higher food and l...
Salad and Go has filed for Chapter 11 bankruptcy and will close all its locations due to prior growth challenges, weakening consumer demand, and rising costs. The ongoing cyclospora outbreak, which caused widespread fear of eating lettuce and sickene...
