Wall Street went wild for burgers last Friday. Shares of Shake Shack, a burger chain that started as a New York City hot dog cart, more than doubled in their first day of trading. The company raised $105 million in its initial public offering Thursday, selling 5 million shares at $21 per share.
NPD Group, an independent market research firm that tracks Americans' eating habits, says vegetables top the list of most popular foods eaten on Super Bowl Sunday. While baby carrots and veggie trays lead the pack, retailers selling salty snacks, alcohol, wings and pizza also see a sharp spike in sales.
McDonald's new boss must feel like a freshly crowned king under siege. The world's biggest hamburger chain is facing an onslaught of competition, from better-burger chains like Five Guys to brands like Chipotle that tout the superior quality of their ingredients.
The Federal Statistical Office says German breweries saw their first increase in sales volume in 2014 after seven years of declines. The office said overall sales of German beer in 2014 were 9.56 billion liters, or about 2.525 billion U.S. gallons, an increase of 1 percent over 2013.
Korean Farm Inc., a Santa Fe Springs, Calif., establishment, is recalling approximately 14,610 pounds of chicken stew products produced in the Republic of Korea that were not presented at the U.S. point of entry for inspection, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced.
Scientists from IBM Research and Mars, Incorporated this week established the “Consortium for Sequencing the Food Supply Chain,”a collaborative food safety platform that will leverage advances in genomics to further our understanding of what makes food safe.
The maker of treats like Reese's, Kit Kat and Twizzlers says it's buying Krave Jerky for an undisclosed sum. Krave, based in Sonoma, California, positions itself as a premium jerky with no artificial ingredients and comes in flavors like black cherry barbecue, basil citrus and lemon garlic.
Investors apparently have a craving for a better burger. Hamburger chain Shake Shack Inc. has priced its initial public stock offering at $21 per share, above its proposed range of $17 to $19 per share. It sold 5 million shares, raising $105 million.
A Pennsylvania candy maker is getting a big kick out of the New England Patriots' scandal over some deflated footballs. The (Washington) Observer-Reporter reports that Bill Sarris had his Canonsburg staff make a chocolate football with a big dent in the side. It's not for sale, but he posted it on Facebook as a joke.
According to a statement released this week, ConAgra has decided to stop making RyKrisp crackers due to low demand, although the product was once popular among dieters and Scandinavians. The company said the plant in Southeast Minneapolis will close after production ends in March.
Dean Foods says it will close its dairy plant in Sheboygan, Wis. The plant has been in operation for more than 100 years. Dean Foods says it's consolidating operations and will continue to operate its plant in De Pere.
McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image. The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by Steve Easterbrook, a company veteran who rejoined McDonald's as its chief brand officer in 2013.
A 24-hour White Castle location on the Las Vegas Strip that opened to long lines of the burger chain's fans had to close for more than two hours to restock after its grand opening.
Hershey said Thursday that its fourth-quarter net income fell 8.8 percent as more shoppers bought meat snacks and baked treats instead of its chocolate, candy and mints. The company's results and earnings outlook for the year missed Wall Street expectations, and its shares fell sharply Thursday.
The U.S. Department of Agriculture's Food Safety and Inspection Service said Washington Beef produced the product in 60-pound bulk packs on Nov. 28, 2012. The packs were shipped for further processing to a single grinding facility, then on for use in hotels, restaurants and institutions in Oregon and Washington.
While the large supply of wines in the cellars should normally indicate continued depressed pricing, Silicon Valley Bank believes 2015 will be a year of both volume and price increases in the fine wine segment, driven by an improving economy and higher demand.
Despite the prevalence of pizza on kids' menus, there is a war brewing. The nationwide shift towards health and wellness has put an unflattering spotlight on these circular receptacles of cheesy deliciousness. And with good reason.
As diners around the world prepare to celebrate love and loved ones on Valentine's Day, OpenTable announces its 2015 Diners' Choice Award winners for the Top 100 Most Romantic Restaurants in America. From Hawaii to New York, does your favorite restaurant make the cut?
Medford's last milk processing plant is closing, putting 29 people out of work. Darigold says it would cost too much money to upgrade the plant to meet food safety, employee safety and environmental regulations. The plant is slated to close in February.
What's better than a cool treat in a hot desert? The Pennsylvania-based chain said it's contracting with a Middle East food executive to open 46 stores in the next decade in Turkey, Egypt, Saudi Arabia and five other Arab nations.