Restaurants
Chipotle downplays looming Trump tariffs, says only half of its avocados are from Mexico
Boxes of avocados are seen at the Central de Abastos market in Guadalajara, Jalisco state, Mexico, on Jan. 31, 2025. Ulises Ruiz | Afp | Getty Images Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only […]
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Chipotle earnings beat estimates, but stock falls on weak same-store sales forecast
A Chipotle restaurant stands in Manhattan, New York City, on Feb. 6, 2024. Spencer Platt | Getty Images Chipotle Mexican Grill on Tuesday said traffic to its restaurants keeps rising, helping the company top analysts’ estimates for its quarterly earnings. However, the burrito chain disappointed investors with its same-store sales forecast for 2025. Shares of […]
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We’re making 4 trades, including an exit and an initiation, to reduce our tariff risk
Looking to reduce our exposure to tariffs and China, we’re making changes in the portfolio. We’re exiting our position in Stanley Black & Decker , selling our remaining 510 shares at roughly $86.79 each. We’re buying 50 shares of Home Depot at roughly $409.60. Following the trade, Jim Cramer’s Charitable Trust will own 300 shares […]
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McDonald’s Shamrock Shake returns — and so does Grimace’s uncle
McDonald’s Shamrock Shake Source: McDonald’s McDonald’s is leaning on customers’ nostalgia for its McDonaldland characters to spur sales of its Shamrock Shake. The company said Tuesday that Grimace will reunite with his Irish uncle, Uncle O’Grimacey, bringing the mascot out of retirement after decades out of the spotlight. McDonald’s originally created Uncle O’Grimacey in 1975 […]
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PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
Bottles of Pepsi soda are seen on display at a Target store on February 09, 2024 in the Flatbush neighborhood of Brooklyn borough New York City. Michael M. Santiago | Getty Images PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America for the fifth straight quarter. […]
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Sports bar chain Twin Peaks is going public. These restaurant companies are the next to watch
Twin Peaks sports bar in Louisville, Kentucky. Google Maps Sports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public. The IPO market has been tepid for several […]
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Starbucks earnings top estimates, but same-store sales decline for fourth straight quarter
The Starbucks logo is seen on a cup at one of its cafes on April 26, 2024. Jakub Porzycki/ | Nurphoto | Getty Images Starbucks on Tuesday reported that its same-store sales slid for the fourth consecutive quarter, but the company’s quarterly earnings and revenue beat Wall Street’s expectations. The coffee giant kicked off a […]
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Starbucks shakes up its leadership again, adding two former Taco Bell executives
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31st, 2024. CNBC Starbucks announced another stage in its leadership shakeup on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer Taco Bell while dividing key leadership roles. “As we focus on our ‘Back to Starbucks’ […]
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Restaurants are rebounding — but Starbucks and McDonald’s still have work to do
People pass by a Starbucks coffee shop in Manhattan, New York, United States on January 15, 2025. Mostafa Bassim | Anadolu | Getty Images Starbucks is expected to report its quarterly earnings on Tuesday, kicking off several weeks of reports from restaurant companies as investors anticipate improving demand for dining out. A handful of restaurants […]
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FTC sues PepsiCo, alleging price discrimination is raising costs for consumers
Cans of Pepsi are on display at a Target store in the Flatbush neighborhood of Brooklyn, New York City, on Feb. 9, 2024. Michael M. Santiago | Getty Images The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more […]
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