Cruises Are More Popular Than Ever—and Investors Are Late to the Party
This year’s ‘wave season’ will break revenue records for cruise lines, but investors are wary of massive debts the industry took…
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Best Buy thrives in holiday quarter on discounts, paid memberships
Best Buy (BBY.N), opens new tab posted a smaller drop in fourth-quarter sales than expected and beat profit estimates on Thursday…
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Lululemon Athletica Tops Earnings. The Stock Falls on Soft Holiday Guidance.
Lululemon Athletica’s third-quarter revenue rose nearly 20% and earnings beat the Street’s expectations…
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Starbucks Suffers Record 11-Day Rout as Sales Concerns Build
Starbucks Corp. shares suffered a record run of losses as concern builds that sales trends at the coffee giant have cooled in recent weeks…
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Starbucks dips amid M Science note on decelerating sales trends
Starbucks (NASDAQ:SBUX) ticked down 0.6% amid an M Science report about decelerating sales trends at the coffee chain…
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Lowe’s sees steeper drop in annual sales as DIY demand stumbles
Lowe’s Cos (LOW.N) on Tuesday projected a bigger drop in annual same-store sales than previously expected, as inflation-hit consumers cut spending…
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Burger King drags sales at parent Restaurant Brands as spending softens
Restaurant Brands International (QSR.TO) missed market estimates for quarterly sales on Friday as lingering inflation pinched spending at its…
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Yum Brands results beat as Taco Bell promotions draw customers
Yum Brands (YUM.N) topped Wall Street estimates for third-quarter results on Wednesday as a reboot of popular menu items at Taco Bell and promotional deals at KFC pulled in more budget-strapped customers looking for cheaper restaurant meals. The company has banked on aggressive promotions and limited-time offers to drive demand, with the return of the…
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Norwegian Cruise downgrades 2023 profit target on higher costs, Israel war
Norwegian Cruise Line Holdings (NCLH.N) on Wednesday warned of a hit to its annual profit from elevated costs and booking disruptions due to the escalating Israel-Hamas conflict and a lingering impact of the wildfires in Maui. A post-pandemic uptick in demand for cruises was overshadowed by higher food and labor expenses, hurting the cruise operator…
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Chipotle beats results estimates as demand defies high prices
Chipotle Mexican Grill (CMG.N) surpassed market expectations for quarterly results on Thursday, as unwavering demand for its burritos and rice bowls and a strong boost from limited-time promotions helped defy a broader weakness in the restaurant industry. Dining traffic has slowed across the industry, but Chipotle’s wildly popular Carne Asada protein returned to menus in…
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