It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: cafes
Starbucks workers at more than 100 stores going on strike
Starbucks workers at more than 100 U.S. stores say they’re going on strike Thursday in what would be the largest labor action since a campaign to unionize the company’s stores Read more
Toast stock extends rally as company gives upbeat earnings forecast
Toast Inc. shares were building on their massive Thursday rally in the aftermarket as the maker of payment software and technology for the restaurant industry gave an upbeat forecast for Read more
Sweetgreen stock wilts as results, outlook disappoint
Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at or Read more
Food prices keep rising. Food-company execs are betting Americans will keep paying.
Even as rampant inflation in food prices leaches away consumer spending power and disproportionately affects lower-income consumers, food-company executives and Wall Street analysts believe that Americans will continue to buy Read more
‘Too good to be true?’ Starbucks tops expectations but analysts question sustainability of its growth
As Starbucks’ stock was bumped up 5% in pre-market trading on Friday after posting record fourth quarter revenue that beat expectations, analysts were still skeptical whether the coffee chain can Read more
Starbucks stock rallies as results top expectations, helped by a boost in U.S. sales
Starbucks Corp. on Thursday reported fiscal fourth-quarter results that beat expectations, helped by a boost in U.S. sales, sending shares higher in after-hours trading. The coffee chain reported net income Read more
National Sandwich Day 2022: How to score freebies from Subway, Popeyes, Potbelly
Americans love their sandwiches, from Philly cheesesteaks to New England-style lobster rolls. But in these inflationary times, they probably don’t love having to shell out even more for them: Your Read more
Chipotle stock climbs higher as chain beats earnings expectations, continues growth
Chipotle Mexican Grill Inc. on Tuesday reported continued growth, with third-quarter profit beating analysts’ expectations. Chipotle CMG, +2.47% shares rose almost 4% in extended trading, after rising 2.7% in the Read more
Xi’s power move punishes Chinese stocks, pushing them down as much as 26% in one day
Investors have made one thing clear: They don’t like Xi Jinping’s moves to consolidate power. Over the weekend, Xi took his third term as China’s communist party leader while sidelining Read more