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Fast-Food Chain To Test 'Surge' Pricing: 'Seems Like A Good Idea,' Says Elon Musk
Tuesday, February 27, 2024 - 5:45pm | 593A leading fast-food company could have a new trick up its sleeve to increase sales and profits, potentially changing the restaurant sector forever. What Happened: Fresh off its fourth-quarter earnings results, The Wendy's Company (NASDAQ:WEN) recently highlighted a new way for future growth after...
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Bill Ackman Gains Over $600M On Handful Of Stock Bets, Enters Top-Earning Hedge Fund Managers
Tuesday, February 20, 2024 - 10:32am | 933Pershing Square Capital Management founder Bill Ackman earned a whopping $610 million in 2023, propelling him to No. 7 on Bloomberg's annual list of the highest-paid hedge fund founders. This position marks his highest-ever ranking. The investment team at Pershing Square, consisting of eight...
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Subway Rival Enjoys Spike In Popularity, Plus: Potbelly's Tasty Stock Performance
Friday, February 16, 2024 - 5:56pm | 790The sub — or submarine sandwich — continues to be a popular food item across the U.S. Witness the massive scale of Subway, one of the world’s largest restaurant operators. But it’s not just size that matters — location plays a large role in the success or failure of such enterprises....
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Chick-fil-A Open On Sundays? New York-Proposed Law Could Make This A Reality For Some Locations
Friday, December 22, 2023 - 11:08am | 959Fans of Chick-fil-A know the rule by now: The chain's locations are all closed on Sunday. Even with being open six days a week, the company ranks among the top revenue-producing restaurant brands each year. A new bill in New York could create a potential decision for the chain over its long-...
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Small Cap Restaurant Stocks On Sale: 4 Stocks To Buy For 2024, 2 To Avoid
Thursday, December 21, 2023 - 6:31pm | 752Heading into 2024, one analyst points to several small cap restaurant stocks that could be good opportunities for investors with the declining interest rate environment attractive to the restaurant sector. The Restaurant Analyst: Small cap restaurant stocks are trading at a discount to the...
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Chili's Sells So Many Margaritas, It Would Rank This Number As A Country
Friday, November 10, 2023 - 10:23am | 419Restaurant company Brinker International (NYSE:EAT) is the owner of restaurant chain Chili's Grill & Bar. The company's recently reported first-quarter results showed higher year-over-year sales. Chili's may have tequila to thank for the increase in sales and for its business in general. What...
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If You Invested $1,000 In Starbucks Stock When The Pumpkin Spice Latte Was Introduced, Here's How Much You'd Have Today
Monday, August 28, 2023 - 11:31am | 821Now a staple on the Starbucks Corporation (NASDAQ: SBUX) menu each fall, it’s hard to believe that the pumpkin spice latte wasn’t always a thing. Today, the drink and a full lineup of products with the flavor help make the Seattle-based company one of the biggest franchises in the world...
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Starbucks Q3 Earnings Highlights: Revenue Beats Estimates And Hits Record, China Sales Bounce Back And More
Tuesday, August 1, 2023 - 4:22pm | 477Coffee company Starbucks Corporation (NASDAQ: SBUX) reported third-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Starbucks reported third-quarter revenue of $9.17 billion, which was up 12% year-over-year. The revenue total, which was a record...
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Starbucks Q3 Earnings Preview: Estimates, Analyst Price Targets And Key Items To Watch
Tuesday, August 1, 2023 - 11:01am | 657Coffee giant Starbucks Corporation (NASDAQ: SBUX) is set to report third-quarter (Q3) financial results after market close Tuesday. Here is a look at earnings estimates, analyst price targets, and several key items on the minds of investors and analysts. Earnings Estimates: Analysts expect...
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Starbucks Teams Up With K-Pop Stars BLACKPINK For Drinks, Merchandise: Here Are The Countries Included, What It Could Mean For A Sales Boost
Thursday, July 20, 2023 - 6:19pm | 781One of the top beverage companies in the world is teaming up with K-pop group BLACKPINK. The partnership comes as the music genre has exploded in growth in many countries worldwide. What Happened: Restaurant companies have partnered with musicians as a way to market to new audiences in the past....
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McDonald's Launches Wedding Package With Chicken Nuggets In This Country, Will Guests Say 'I'm Lovin' It'?
Monday, July 10, 2023 - 11:21am | 621Over the years, fast food giant McDonald’s (NYSE: MCD) has introduced products like the dollar menu, drive-throughs and the Happy Meal. A novel McDonald's menu item is being introduced in a certain country, potentially as a trial, before it's launched in the United States. What...
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If You Invested $1,000 In McDonald's When Happy Meals Launched, You'd Have This Much Today
Tuesday, July 4, 2023 - 11:44am | 673Fast food giant McDonald’s Corp (NYSE: MCD) is one of the largest restaurant companies in the world. Launching in 1940, the Chicago-based company set many standards and first for the fast-food industry. Its stock has been hitting all-time highs in 2023 off strong sales growth. What Happened:...
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Grimace Shake Trend Takes Over TikTok: 5 Things You Didn't Know About Ronald McDonald's Purple Pal
Wednesday, June 28, 2023 - 11:51am | 928The "Grimace Shake" from McDonald’s Corp (NYSE: MCD) has become a viral sensation on TikTok, with users participating in a quirky trend involving the purple milkshake. The trend, marked by the hashtag #grimaceshake, involves users pretending to be poisoned after...
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Cava Group Shares Sizzle In First Day Of NYSE Trading
Thursday, June 15, 2023 - 3:29pm | 835The first restaurant IPO in some time kicked off with a bang Thursday, as shares of Cava Group (NYSE: CAVA) soared from their initial price and saw a surge of interest from traders and investors. What Happened: Mediterranean restaurant chain Cava sold 14.4 million shares at a price of $22 in its...
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If You Invested $100 In Dogecoin When Elon Musk Offered To Eat A Happy Meal On TV, Here's How Much You'd Have Now
Thursday, June 1, 2023 - 11:36am | 638One of the largest restaurant companies in the world is a staple for fast food with value offerings and items that appeal to kids. McDonald’s Corporation (NYSE: MCD) has launched many new food items and marketing initiatives over the years, with one of its kid-friendly options, the Happy Meal...