Chipotle Mexican Grill Inc
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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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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From Starbucks to Smoothie King, restaurants seek to cash in on consumers’ protein frenzy
Starbucks Protein Drink Courtesy: Starbucks Restaurant chains are joining in on the protein frenzy, hoping to encourage diners to pay more for extra macronutrients during a time when many consumers aren’t spending as much. From “gym bros” to users of GLP-1 drugs like Ozempic, many Americans are trying to add more protein to their diets, […]
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Yum Brands is cooking up more than fast food. It’s preparing the industry’s next CEOs
Customers walk out of a Taco Bell and Pizza Hut restaurant during lunchtime in Los Angeles, California. Kevork Djansezian | Getty Images Looking for the next CEO for your restaurant chain? Try mining the ranks at Yum Brands. The restaurant conglomerate, which owns Pizza Hut, KFC and Taco Bell and reported quarterly results Tuesday, has […]
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Restaurants are adding dozens of new spicy menu items in a bid for younger diners
Chipotle Mexican Grill’s new Adobo Ranch dip Source: Chipotle Mexican Grill Restaurant brands are hoping hot new menu items will drive visits among younger costumers. Hot, in this case, is literal. Spicy items like chicken sandwiches, seasoned sides and sauces are cropping up more often on menus at major fast-casual and quick-service chains. The idea […]
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Stocks making the biggest moves midday: Tesla, IBM, Union Pacific, American Eagle Outfitters and more
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less […]
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Stocks making the biggest moves premarket: Chipotle, Tesla, ServiceNow, Las Vegas Sands and more
Check out the companies making headlines in premarket trading. Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents […]
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S&P 500 futures are little changed after Alphabet, Tesla post earnings: Live updates
Traders work on the floor of the New York Stock Exchange on July 23, 2025. NYSE S&P 500 futures were little changed on Wednesday night after the benchmark notched another record close, fueled by hopes for progress on trade deals. Futures tied to the index climbed 0.1%, while Nasdaq 100 futures were about 0.4% higher. […]
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Stocks making the biggest moves after hours: ServiceNow, IBM, Chipotle Mexican Grill and more
Check out the companies making headlines after the bell : T-Mobile — Shares of the mobile telecommunication company jumped more than 4% after its second-quarter earnings topped Wall Street’s estimates. T-Mobile reported earnings $2.84 per share on $21.13 billion in revenue, above the $2.67 per share and $21.02 billion in revenue that analysts surveyed by […]
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Chipotle trims same-store sales forecast as fewer diners visit its restaurants
A Chipotle restaurant in San Francisco on Jan. 31, 2025. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday cut its forecast for same-store sales growth this year after traffic declined for a second straight quarter. The burrito chain now anticipates flat same-store sales growth for 2025, down from its prior projection of a low-single digit percentage increase. Chipotle […]
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