Sweetgreen, Chipotle and Wingstop aren’t seeing a consumer slowdown

Sweetgreen, Chipotle and Wingstop aren’t seeing a consumer slowdown

A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023. Jeenah Moon | The Washington Post | Getty Images High-income consumers helped Chipotle Mexican Grill, Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that’s been hurting other eateries. As a … Read more

What we know about the consumer so far

What we know about the consumer so far

A customer walks through The Home Depot store on February 20, 2024 in Austin, Texas.  Brandon Bell | Getty Images The state of the consumer in 2024 is already taking shape — even before the country’s major retailers begin to report first-quarter earnings, starting with Home Depot and Walmart next week. There are signs that … Read more

Ex-CEO Howard Schultz weighs in on Starbucks earnings miss

Ex-CEO Howard Schultz weighs in on Starbucks earnings miss

Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023. Al Drago | Bloomberg | Getty Images Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain’s dismal latest quarterly … Read more

Previous mistakes shape my thinking on our latest stock gone wrong

Previous mistakes shape my thinking on our latest stock gone wrong

When you make a mistake in this business you can do one of two things: You can cut your losses and move on or you can stand your ground while rethinking where it went wrong. I am on the fence about which one is better, but it’s easy to see why the first approach — … Read more

Earnings drive the market next week — our hopes for 2 portfolio stocks

Earnings drive the market next week — our hopes for 2 portfolio stocks

Is the stock market rally here to stay after April’s terrible month? With the Fed, Apple earnings and the jobs report passing with flying colors this week, the runway to more gains looks a lot less cluttered. The main economic update came Friday in the form of a weaker-than-expected April nonfarm payrolls growth. With the … Read more

Fed decision, oil plunge, mixed earnings — what to watch into market close

Fed decision, oil plunge, mixed earnings — what to watch into market close

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Market check: Stocks surged Wednesday afternoon … Read more

Starbucks, McDonald’s, Yum earnings show consumers pulling back

Starbucks, McDonald’s, Yum earnings show consumers pulling back

It’s finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald’s said it has adopted a “street-fighting mentality” to compete for value-minded diners. For months, economists have … Read more

GEHC’s unwarranted post-earnings plunge is a buying opportunity

GEHC’s unwarranted post-earnings plunge is a buying opportunity

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) April showers : The Dow Jones … Read more

Starbucks (SBUX) earnings Q2 2024

Starbucks (SBUX) earnings Q2 2024

A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by.  Nicolas Economou | Nurphoto | Getty Images Starbucks reported earnings after the bell. Here are the results. Earnings per share: 68 cents vs. 79 cents per … Read more

Eli Lilly, Apple are among 12 portfolio stocks reporting in week ahead

Eli Lilly, Apple are among 12 portfolio stocks reporting in week ahead

The major U.S. stock indexes closed higher for the week, with the S & P 500 and Nasdaq Composite breaking multiweek losing streaks. Earnings drove the action, despite some less-than-ideal macroeconomic reports on economic growth and inflation. Meta Platforms ‘ report gave the market a bit of a scare Wednesday night, contributing to Thursday’s declines … Read more