Chipotle Mexican Grill surprised investors on Wednesday by reporting quarterly earnings and revenue that surpassed analysts’ expectations. The company’s stock initially surged by 13% in after-hours trading before settling around 3% higher. Chipotle’s stock had been down 17% earlier in the month due to concerns about the overall health of the restaurant industry. However, the
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Recently, bipartisan lawmakers introduced a bill known as the “Pharmacists Fight Back Act” with the aim of addressing the controversial business practices of pharmacy benefit managers (PBMs) in the drug supply chain. The bill intends to tackle issues related to inflated prescription medication prices, unfair reimbursement to pharmacies, and the overall impact on U.S. patients
Coca-Cola has adjusted its full-year outlook as global demand for its beverages has increased in the second quarter of the year. The company now expects organic revenue growth of 9% to 10%, which is higher than its previous forecast. Additionally, Coke has raised its outlook for comparable earnings growth to a range of 5% to
General Motors is gearing up to announce its second-quarter results, and the expectations on Wall Street are high. Analysts are predicting that GM will outperform its competitors in Detroit, with steady sales and vehicle prices in the first half of the year. The average estimates compiled by LSEG suggest that GM will report earnings per
Warner Bros. Discovery has expressed its intention to exercise its matching rights to secure a package of NBA games that were originally earmarked for another company. Specifically, the media company is targeting the deal between NBC and Amazon Prime Video. The move comes as part of Warner Bros. Discovery’s efforts to maintain a long-standing partnership
McDonald’s decision to extend its $5 value meal deal beyond the initial four-week period has proven to be a successful strategy in driving traffic back to restaurants. With 93% of its restaurants voting to continue the promotion, it is clear that the offer is resonating with customers and keeping them away from the competition. The
The financial markets are eagerly awaiting the second-quarter results of the traditional Detroit automakers, with General Motors (GM) expected to be the standout performer. Wall Street analysts are forecasting GM to report a solid adjusted profit of $2.75 per share, representing a significant increase of 44.2% from the previous year. Additionally, GM is expected to
The case of Michelle Mack, a California woman accused of leading a nationwide organized retail crime operation, has garnered national attention. Mack and her husband, Kenneth, were recently sentenced to more than five years in prison for their involvement in stealing millions of dollars worth of merchandise from major retailers such as Ulta Beauty and
Penn Entertainment has recently announced plans to lay off approximately 100 employees in order to focus on growth for ESPN Bet. This decision was communicated by CEO Jay Snowden in an internal email to staff members. The move is aimed at enhancing operational efficiencies following the company’s acquisition of theScore, a Canadian media and gaming
Ford Motor recently announced a major shift in its production plans, opting to expand the production of its large Super Duty trucks at a Canadian plant that was initially earmarked for conversion into an all-electric vehicle hub. This decision involves a significant investment of approximately $3 billion, with $2.3 billion allocated to the Oakville Assembly