Chipotle Mexican Grill Inc
Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023. Jeenah Moon | The Washington Post | Getty Images High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that’s been hurting other eateries. As a […]
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McDonald’s is betting on its mobile business with new franchisee digital marketing fund
A Big Mac is displayed on a page of the McDonald’s app Daniel Acker | Bloomberg | Getty Images McDonald’s U.S. franchisees will start paying into a digital marketing fund next year as the fast-food giant looks to expand its booming digital business, according to a memo viewed by CNBC on Thursday. The change is […]
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Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s
It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales in its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said has adopted a “street-fighting mentality” to compete for value-minded diners. For months, economists have been […]
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Alphabet and Chipotle are among the most overbought names on Wall Street. Below are the others
Buyers had a great deal to digest this week, as authorities details stoked lingering uncertainties about the economy and a flood of earnings experiences hit the tape. The main indexes all finished Thursday’s session reduce, weighed down by a seem at to start with-quarter U.S. gross domestic product that substantially skipped anticipations. But by Friday, […]
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Stocks generating the most important moves midday: Meta, Victoria’s Key, Microsoft, Caterpillar and more
Verify out the firms building headlines in midday trading: Victoria’s Mystery — Shares dropped 3.5% immediately after Goldman Sachs initiated protection of the stock with a offer score, expressing it sees a “tricky macro and ongoing competitive tension” for the lingerie enterprise in the in the vicinity of expression. Longer phrase, the company is constructive […]
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Shares earning the major moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airways and additional
Check out the corporations making headlines ahead of the bell: Meta Platforms — The Facebook dad or mum organization plunged a lot more than 14% following issuing lighter-than-predicted 2nd-quarter earnings steerage . Nevertheless, very first-quarter earnings and revenue equally arrived earlier mentioned analysts’ estimates. Honeywell — The industrial inventory rose 2.2% in premarket buying and […]
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Chipotle abandons Farmesa Fresh Eatery spinoff after ghost kitchen closes
Chipotle is launching Farmesa Fresh Eatery first at Kitchen United’s upcoming Santa Monica location. Source: Chipotle Mexican Grill Chipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens. A little over a year ago, Chipotle announced the opening of its first Farmesa location at Kitchen United’s Santa […]
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S&P 500 closes very little modified as higher bond yields dampen earnings enthusiasm
Traders work on the flooring during morning investing at the New York Stock Trade on Jan. 31, 2024. Angela Weiss | AFP | Getty Visuals The S&P 500 shut near its flatline Wednesday as desire charge fears dampened the enthusiasm stemming from a solid slate of corporate earnings. The S&P 500 eked out a .02% […]
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Stocks making the most important moves just after hrs: Meta, IBM, Chipotle, ServiceNow and more
Check out the businesses making headlines right after the bell : Align Engineering — The orthodontics technological innovation firm included 3.6% just after beating analysts’ anticipations for its initially-quarter final results. Align posted altered earnings of $2.14 for each share on income of $997.4 million, higher than the $1.97 in earnings for each share on […]
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Chipotle is defying restaurant slump as earnings, traffic rise again
The logo of Chipotle Mexican Grill is seen in Manhattan, New York. Shannon Stapleton | Reuters Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by higher traffic to its restaurants. The stock rose 3% in extended trading. Here’s what the company reported compared with what Wall Street was expecting, based […]
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