When Brian Huston opened the doors to Evanston restaurant Boltwood in June 2014, he envisioned it as a neighborhood bistro with an emphasis on market-driven, locally sourced ingredients. A native Evanstonian, Huston credited Found Kitchen and Social House, a seasonally driven restaurant and lounge that opened in 2012, as his inspiration for the restaurant, and hoped Boltwood would fit into the city’s burgeoning farm-to-table scene.
“We’re not serving all the food off the back of one truck. We’re going to the farmers markets, we’re using good ingredients,” Huston said, noting that even before opening Boltwood, at 804 Davis St., he often sourced ingredients from the Evanston farmers market and brought them to the downtown Chicago restaurants where he worked.
American Eagle Outfitters Inc. stock plummeted 9.5 percent after the retailer predicted an earnings drop in the current quarter.
Shares closed at $14.34, down $1.51.
American Eagle reported net income of $54.6 million, or 30 cents per diluted share, in its fourth quarter ended Jan. 28, down 33 percent from $81.7 million, or 42 cents per share, in the fourth quarter a year earlier.
Consumer sentiment remained high in February but fell slightly from the 13-year peak reached in the previous month.
The Index of Consumer Sentiment was 96.3 in February, down 2.2 percent from 98.5 in January but up 5 percent from 91.7 a year earlier, according to the University of Michigan Surveys of Consumers. Economists surveyed by Bloomberg had forecast the February index to be 96.
Existing-home sales leapt to a seasonally-adjusted annual rate of 5.69 million in January, up 3.3 percent from an upwardly revised 5.51 million annual rate in December 2016, beating estimates of economists polled by Bloomberg.
The National Association of Realtors reported that total sales of pre-owned homes in January was up 3.8 percent from last January and marks the highest number of sales since February 2007, when sales hit an annual rate of 5.79 million. Every region except the Midwest enjoyed sales growth.
Groupon Inc.’s stock skyrocketed 22.8 percent to $4.64 per share after the company reported increased revenues, better-than-expected adjusted income and strategic changes including reduced expenses and a scaled-back global footprint.
Groupon, a Chicago-based daily local deals platform for goods, services and experiences, has over 52 million active customers worldwide, as of the fourth quarter ended Dec. 31.
The company reported a net loss of $52.6 million, or 9 cents per diluted share, in the fourth quarter, compared with a net loss of $46.5 million, or 8 cents per share, in the year-ago quarter. Analysts polled by Bloomberg expected a net loss of 2 cents per share.