The release of “Doctor Strange in the Multiverse of Madness” ushers in a line-up of big movie franchises hitting theaters this summer.
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How a blockbuster-packed summer could lend a hand to the struggling streaming stocks
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Cava, Chipotle and other fast-casual restaurant chains are finally hit by consumer slowdown
Cava stock tumbled 16% in afternoon trading on Wednesday, making it the latest fast-casual chain to feel Wall Street’s wrath after reporting disappointing quarterly sales. A year ago, eateries like Chipotle Mexican Grill and Cava were reporting double-digit same-store sales growth, even as the broader restaurant industry posted falling traffic and slumping sales. But times […]
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Walmart expands grocery discount for 1.6 million employees as tariffs renew inflation concerns
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty Images As tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees. The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all […]
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Business
Mediterranean chain Cava lowers forecast after disappointing same-store sales growth
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6% […]
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