Investors get a break today: McDonald’s soars on earnings beat
By Emiliana Molina Shares of McDonald’s Corp. jumped 8 percent Thursday after the fast food giant topped profit and revenue expectations in the third quarter and said comparable restaurant sales rose for the first time in two years. McDonald’s reported a 4 percent global rise in comparable sales, or sales at restaurants open for more […]
Chipotle shares plummet after earnings miss analyst estimates
By Emiliana Molina Shares of Chipotle Mexican Grill Inc. plummeted by more than 5 percent Wednesday after reporting earnings that rose 11 percent in the third quarter, but fell short of analysts’ estimates. The company said it’s spending more to hire “top performing” employees and to continue to expand the number of stores. The Mexican […]
September retail sales disappoint as consumers grow cautious
By Emiliana Molina Consumer spending at retail stores rose less than expected in September as Americans spent less on non-essential items like electronics and more on cars and trucks. Retail sales increased a seasonally adjusted 0.1 percent in September, according to the U.S Department of Commerce, below the 0.2 percent rise economists had forecast. The […]
Yum! Brands Management Questioned as Shares Plummet
[field name=”SoundciteCode”] By Emiliana Molina Shares of Yum! Brands Inc., which owns KFC, Pizza Hut, and Taco Bell chains, fell by as much as 19 percent Wednesday after reporting worse-than-expected quarterly earnings. The company blamed a slow sales recovery in China after a food safety scandal last year and lowered its profit estimate for the […]
