Chipotle Mexican Grill recently released its quarterly earnings report, exceeding analysts’ expectations. Despite a challenging time for the restaurant industry, Chipotle saw an increase in restaurant traffic, leading to a positive outcome for the company. The stock initially surged 13% in extended trading but eventually settled around 3% higher. This performance comes after a month
Business
In a groundbreaking move, bipartisan lawmakers have introduced a new bill aimed at tackling the exploitative practices of drug supply chain middlemen that have led to inflated prescription medication prices, causing significant harm to U.S. patients and pharmacies alike. The newly proposed “Pharmacists Fight Back Act” seeks to address the concerns of community pharmacies and
Coca-Cola recently announced an increase in its full-year revenue outlook as the global demand for its beverages surged in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its previous forecast of 8% to 9%. Additionally, Coca-Cola raised its projection for comparable earnings growth to a
General Motors (GM) is gearing up to unveil its second-quarter results, with analysts forecasting earnings per share of $2.75 adjusted, and revenue amounting to $45.46 billion. This would represent an increase in revenue of 1.6% compared to the previous year, along with a substantial 44.2% rise in adjusted earnings per share. These figures are indicative
Warner Bros. Discovery recently informed the National Basketball Association (NBA) that it plans to exercise its matching rights for a package of games that were originally meant for another company. The target of the deal is the agreement between NBC and Amazon Prime Video, as per a reliable source. The company expressed its commitment to
McDonald’s decision to extend its $5 value meal promotion beyond the initial four weeks in most of its U.S. markets has proven to be a successful strategy. According to a memo obtained by CNBC, 93% of McDonald’s restaurants have voted to extend the promotion past its original end date. The majority of locations will continue
When it comes to traditional Detroit automakers, General Motors seems to be the one standing out among the rest. With stable sales and vehicle prices in the first half of the year, GM is expected to report a solid adjusted profit for the second quarter. Wall Street analysts estimate that GM will report earnings of
The recent sentencing of Michelle Mack, the ringleader of a nationwide organized retail crime operation that targeted major retailers such as Ulta Beauty, has shed light on the harsh legal consequences that individuals involved in such criminal activities may face. Michelle Mack, along with her husband Kenneth, received a delayed sentence of five years and
Ford Motor Company recently made an announcement regarding their plans to expand production of their large Super Duty trucks. This decision comes as a surprise to many, as the Canadian plant where this expansion will take place was initially intended to be converted into an all-electric vehicle hub. The company will be investing approximately $3
Penn Entertainment recently announced a significant decision to lay off approximately 100 employees as part of its strategic focus on the growth of ESPN Bet. This move comes in the wake of the company’s acquisition of Canadian media and gaming giant, theScore. With a workforce of around 20,000 employees, this decision is aimed at enhancing