Chipotle Mexican Grill's quarterly sales tumbled for a fourth straight quarter as the chain still suffers in the wake of a poorly handled and prolonged food-safety crisis that started a year ago. Chipotle was hot until fall 2015, when the brand's promise of fresher and healthier foods than rivals like McDonald's came into question after E. Coli outbreaks hit several states.
Coke plans to introduce Sprite Cherry and Sprite Cherry Zero after that flavor combo turned out to be one of the most popular options among customers using its Freestyle soda fountains, which allow people to make mix-and-match drink flavors. The machines keep track of the flavors people pick and forward the data digitally to Coca-Cola.
United Airlines has hired Dana Brooks Reinglass as its first chief storyteller and MD of digital engagement. Reinglass reports to Jim Olson, United's SVP of corporate communications, with a dotted line to Mark Krolick, MD of marketing and product development. Olson said United created the position in response to CEO Oscar Munoz's vision for the brand.
Uber Technologies Inc. and Anheuser-Busch InBev NV teamed up on the delivery, which they said is the first time a self-driving truck had been used to make a commercial shipment. With a police cruiser in tow, the 18-wheeler cruised more than 120 miles while a truck driver hung out back in the sleeper cab, the companies said.
Tesla Motors reported its first quarterly net profit in more than three years on Wednesday, and CEO Elon Musk said the company could turn a profit again in the fourth quarter. The electric car maker also signaled it has substantially reduced the costs for launching production of its high volume Model 3 sedan next year.
A jury returned a unanimous verdict in favor of Playboy Enterprises against Play Beverages and CirTran Beverage, awarding Playboy $7 million in damages. The case was brought in Illinois as Play Beverages/CirTran continued to sell and to market energy drink products using Playboy trademarks, even though the license to use such trademarks had ended.
Buick became the first auto brand from Detroit's Big 3 automakers in three decades Monday to place in the top three in Consumer Reports' annual ranking of the most reliable automobiles. The upscale General Motors nameplate came in third behind Lexus and Toyota in the closely watched index that predicts how well cars will hold up over the years.
Procter & Gamble reported a $2.7 billion profit for the three months ended Sept. 30, an increase of 4% from a year ago. Sales were flat during the first quarter of the fiscal year, staying at $16.5 billion. Organic sales, which excludes the impact of foreign exchange rates, acquisitions or divestitures, increased a robust 3%. Earnings per diluted share were 96 cents.
If you've ever needed an excuse to eat cookies for breakfast, your wait is over: Girl Scouts is releasing Thin Mint and Caramel Crunch flavored cereal in January. General Mills confirmed the release of the flavors, however, the Instagram account CandyHunting first broke the news when it shared two pictures of the Thin Mint and Caramel Crunch cereal boxes.
Shaquille O'Neal has become the owner of a Krispy Kreme location in Atlanta, which has been a doughnut shop location for more than 60 years, according to the company. He also is the brand's new global spokesperson and will appear in multi-media marketing. For its first activation with O'Neal, Krispy Kreme has unveiled Shaq-or-Treat," a social media promotion.