All articles tagged with #fast food chain
Chipotle Mexican Grill Inc. plans a 50-to-1 stock split, one of the largest ever on the NYSE, to make its shares more accessible to investors, reflecting the company's strong performance and the bull run in the market. If approved by shareholders on June 6, the post-split trading will begin on June 26.
McDonald's experienced a global technology outage, causing disruptions in some parts of the world and leading to temporary closures of restaurants. The issue, which impacted the ability to order food, was not related to a cybersecurity event. McDonald's is working to resolve the problem, and affected restaurants in Australia and the U.K. have since reopened. The fast-food chain has over 40,000 restaurants globally, and the outage affected a significant number of locations.
In-N-Out Burger, the Southern California-based fast food chain, has announced plans to expand into New Mexico, making it the final Four Corners state to have an In-N-Out location. The company will open multiple restaurants in Albuquerque and other locations in the state by 2027. In-N-Out already has locations in Arizona, Utah, and Colorado. The expansion will be supported by a distribution hub in Colorado Springs. In-N-Out also recently announced plans to open locations in Tennessee by 2026.
Raising Cane's has closed the dining room at its Oakland location due to safety concerns following car break-ins and robberies in the neighborhood. The drive-thru remains open, and it's unclear when the dining room will reopen.