It’s been hard to keep up. That’s the story of the big stock winners this year. They just keep winning and winning and winning. For analysts on Wall Street and here at the Club, it seems like some of these names are smashing through our six-to-nine-month price targets every few weeks. To that end, we’re … Read more
The Chicken Shack sandwich from Shake Shack. Shake Shack Shares of Shake Shack surged 20% Thursday morning after the burger chain delivered strong fourth-quarter earnings results. With Thursday morning’s gains, the stock reached a new 52-week high of $95.80 and is up more than 50% in the last twelve months. Stock Chart IconStock chart icon … Read more
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion sales jumped about 20% to around $280 million last year, and it brought in $80 million in earnings before interest, taxes, … Read more
With American coffee drinkers increasingly opting for specialty items like espresso-based beverages and cold brews, U.S. instant coffee consumption has fallen, with just 4% of Americans choosing the quick-and-easy offering, according to the National Coffee Association. Overseas it’s a different story. Soluble coffee accounts for about a quarter of the beverage consumed globally, according to … Read more
Mat Ishbia, majority owner of the NBA’s Phoenix Suns, talks to the media during his introductory press conference at the Footprint Center in Phoenix, Arizona, on Feb. 8, 2023. Barry Gossage | Getty Images Phoenix Suns owner Mat Ishbia is forming a new sports, entertainment and real estate investment group as a single unifying place … Read more
Delivery Hero CEO Niklas Ãstberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Delivery Hero CEO Niklas Ostberg said that he’s happy holding onto the Foodpanda brand, after reports that talks of potentially selling the Southeast Asian unit had collapsed drove a huge plunge … Read more
Luxury precious rings in a row on display in a jewelry store at a high-end shopping mall. Craig Hastings | Moment | Getty Images Roses are red, violets are blue, gemstones are hot and prices are too. Valentine’s Day has long been one of the most popular days of the year for jewelry and engagements. … Read more
A Miller Lite and a Coors Light is displayed in Chicago on Oct. 9, 2007. Scott Olson | Getty Images Brewer Molson Coors said on Tuesday that it expects to maintain its market share gains in the year ahead. The company, which makes Coors Light and Miller Lite, reported strong fourth-quarter earnings Tuesday as net … Read more
James Quincey, CEO of Coca-Cola Co., speaking on “Squawk Box” at the WEF in Davos, Switzerland, on Jan. 18, 2023. Adam Galica | CNBC Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. Coke reported its … Read more
A monopoly game sits under the Hasbro logo during Brand Licensing Europe at ExCel on November 18, 2021 in London, England. John Keeble | Getty Images Toy company Hasbro reported a more than 20% hit to its fourth-quarter revenue and issued a downbeat 2024 forecast Tuesday morning. Shares of the company dipped around 5% following … Read more
