The company’s same-store sales rose 8%, fueled by higher average checks and a 3% increase in customer traffic to its cafes.
Kategorie-Archiv: CNBC Financial News
Credit Suisse intervention avoided ‚financial crisis,‘ Swiss National Bank chairman says
Swiss National Bank Chairman Thomas Jordan said the central bank’s interventions during the fall of Credit Suisse were „crucial“ to avoid a „financial crisis.“
Stanley Druckenmiller says government needs to stop spending like ‚drunken sailors,‘ cut entitlements
Stanley Druckenmiller said the federal government has been spending recklessly and failed to issue debt at low rates in past years.
Wayfair losses narrow but sales come in short of expectations as demand remains tepid
Online furniture retailer Wayfair has been working to restructure its business and has seen its losses narrow as it worked to aggressively cut costs.
Slow Pizza Hut sales in the U.S. weigh on Yum Brands‘ revenue
Yum’s same-store sales grew 6% in the quarter, helped by strong sales at Taco Bell’s U.S. locations and KFC’s international restaurants.
CVS results top expectations, lifted by strong health services revenue
The results come on the last day of a nationwide walkout by pharmacy staff from CVS, Walgreens and Rite Aid to protest what they call harsh working conditions.
Aston Martin shares plunge on volume target cut, lingering debt
Aston Martin shares plunged on Wednesday morning after the British luxury carmaker cut its volume target due to production problems.
AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
AMD is one of the few chipmakers capable of making the kind of high-end graphics processing units (GPUs) needed to train and deploy generative AI models
Biden administration to crack down on ‘junk fees’ in retirement plans
The U.S. Department of Labor will propose rules Tuesday to rein in financial conflicts of interest in 401(k) plans and individual retirement accounts.
Why working longer is a bad retirement plan
There’s often a big gap in expectations versus reality when it comes to retirement age.