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
Tag: Chain
Kroger unveils $24.6 bln deal to buy smaller grocery chain Albertsons
Kroger has inked a deal with Albertsons to purchase the smaller grocery retailer for $24.6 billion. The acquisition will establish a national footprint “to serve America with fresh, affordable food,” Read more
U.S. factory orders flat in August, as expansion in the manufacturing sector slows
Orders for manufactured goods were flat in August, the Commerce Department said Tuesday. The unchanged reading was in line with forecasts of economists surveyed by the Wall Street Journal. The Read more
Eataly chain of Italian-style marketplaces selling majority stake to European private-equity firm
A European private-equity firm agreed to buy a controlling stake in Eataly SpA, with the aim of helping the Italian-marketplace chain continue to expand globally. Investindustrial is taking a 52% Read more
Oracle Mobile Supply Chain Applications: 6 Major Benefits for Your Business
Oracle Mobile Supply Chain Applications (MSCA) allow you to complete common warehouse and shop floor actions using mobile handheld and forklift mounted barcode scanners while recording the transaction instantly in Read more
America’s biggest ports are still contending with record volume, indicating the country’s supply chain woes are far from over
The nation’s largest ports handled more volume this year than through the same time period last year, a sign the supply chain challenges that wreaked havoc on consumers and retailers Read more
Sweetgreen stock plunges 23% as restaurant chain misses expectations
Sweetgreen Inc. shares plunged more than 23% after hours Tuesday after the salad restaurant chain’s second-quarter financial results missed Wall Street’s expectations. Sweetgreen SG, -4.21% reported a second-quarter loss of Read more
Caterpillar earnings disappoint again: Supply chain challenges, China and strong dollar blamed as sales came up short
Shares of Caterpillar Inc. sank Tuesday, after the construction and mining equipment maker reported another disappointing earnings report, with profit beating expectations but sales coming up a bit shy. The Read more
Chipotle stock rallies after price increases shield chain from rising costs
Shares of Chipotle Mexican Grill Inc. rallied more than 8% in after-hours trading Tuesday after the fast-casual restaurant chain beat Wall Street’s quarterly expectations as menu price increases took out Read more
GM issues earnings warning citing supply chain disruptions, stock halted for news
General Motors Co. GM, -5.05% warned Friday of a second-quarter earnings shortfall, as vehicle wholesale volumes were hurt by the timing of semiconductor shipments and other supply chain disruptions. The Read more