Chipotle Mexican Grill Inc
Bill Ackman’s Pershing Square doubles down on Nike and one name tied to data centers
Bill Ackman’s Pershing Square doubled down on Nike and Brookfield in his concentrated portfolio last quarter. The high-profile investor boosted his investment in Nike drastically in the third quarter, making the bet worth $1.4 billion, according to a regulatory filing. The bet was only worth about $220 million at the end of June. Nike is […]
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7 ways that Starbucks CEO Brian Niccol plans to change the coffee chain
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks CEO Brian Niccol shared more details about the company’s turnaround strategy during the company’s quarterly conference call on Wednesday. For three straight quarters, Starbucks has reported declining sales. But the coffee chain is hoping that some easy tweaks to its U.S. […]
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Starbucks will stop charging extra for dairy substitutes
Starbucks offers oat milk as a dairy-free option. Source: Starbucks Starbucks said Wednesday that it will remove the surcharge for dairy substitutes, saving some U.S. customers more than 10% on their drinks. The change goes into effect Nov. 7 and follows years of pleading from customers to eliminate the extra fee, especially as milk alternatives […]
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Stocks making the biggest moves midday: Reddit, Super Micro Computer, Garmin, Snap and more
Check out the companies making headlines in midday trading. Reddit – Shares soared 41% after the social media company reported a blockbuster third-quarter report . Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. The company’s $348.4 million revenue also exceeded consensus estimates of […]
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Stocks making the biggest moves premarket: Eli Lilly, Caterpillar, VinFast, Alphabet and more
Check out the companies making headlines in premarket trading. Eli Lilly — The drug maker tumbled 7.5% after missing analyst expectations for the third quarter and cutting full-year guidance. Eli Lilly earned $1.18 per share, excluding items, on $11.44 billion in revenue. Analysts polled by LSEG had anticipated earnings of $1.47 a share and $12.11 […]
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Stocks making the biggest moves after hours: Alphabet, Visa, Chipotle, AMD and more
Check out the companies making headlines in after-hours trading. Chipotle Mexican Grill — The burrito chain reported mixed quarterly results , and shares dipped 3%. Chipotle reported adjusted earnings of 27 cents per share, exceeding expectations of 25 cents a share from analysts polled by LSEG. Revenue came out at $2.79 billion for the period, […]
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Chipotle Mexican Grill is about to report earnings. Here’s what to expect
A customer holds a bag of food outside of a Chipotle restaurant in New York on Jan. 12, 2024. Angus Mordant | Bloomberg | Getty Images Chipotle Mexican Grill is set to report its third-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: […]
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Stock futures are little changed as Wall Street awaits labor data and more earnings: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading in New York City. Michael M. Santiago | Getty Images Stock futures are muted Monday night as investors readied for employment data and closely followed corporate earnings releases. Dow Jones Industrial Average futures added just 13 points, sitting slightly above flat. […]
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Wall Street braces for a big week ahead of the election, with megacap tech earnings, key data on tap
Wall Street is about to get hit with the newsiest week yet ahead of the election — just as the stock market has started to falter. Investors will contend with earnings results from five of the Magnificent Seven companies next week. Alphabet’s results are set to be released Tuesday. Microsoft and Meta Platforms post their […]
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What McDonald’s needs to do next after E. coli outbreak
In this photo illustration, a McDonald’s Quarter Pounder hamburger meal is seen at a McDonald’s on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images As McDonald’s and health authorities race to contain a deadly E. coli outbreak, the burger chain faces challenges […]
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