MCD Stock Down Following CEO Firing Due to Company Policy Violation
MCD stock is in the red on Monday after McDonald’s Corporation (NYSE:MCD) dismissed CEO Steve Easterbrook due to what the company described as a “recent consensual relationship with an employee” that violated company policy. MCD Stock ... [Read]
MCD Stock Slides as Company Apologizes for “Bloody Sundae” Ad
MCD stock is in the red today after the company pulled its “Sundae Bloody Sundae” ad campaign in Portugal and issued an apology for any offense caused. McDonald’s Corporation (NYSE:MCD) had been running a promotional ... [Read]
SBUX Stock Gains as Fourth Quarter Results Beat Analyst Expectations
SBUX stock is trading up this week after international coffee chain Starbucks Corp (NASDAQ:SBUX) reported solid fourth-quarter earnings, which topped analysts’ expectations. Strong Chinese Market Boosting SBUX Stock The gains in SBUX stock were driven ... [Read]
YUM Stock Sinks as Taco Bell Parent Company Misses Q3 Earnings
YUM stock is in the red today after Yum! Brands (NYSE:YUM), the parent company of Taco Bell and KFC, released quarterly earnings that fell short of analysts’ expectations. While third-quarter revenue of $1.34 billion USD was ... [Read]
Starbucks to Purchase East China Joint Venture for $1.3 Billion, the Company’s Biggest Acquisition Yet
Before it released its quarterly report after trading hours on July 27, Starbucks Corp. (NASDAQ:$SBUX) announced that it will be buying the remaining 50% stake in its East China joint venture. The company will do ... [Read]
Chipotle Subpoenaed Following Norovirus Outbreak At Sterling-Virgina Location
It looks like Chipotle (NYSE:$CMG) is in even hotter waters after a foodborne illness incident that occurred last week at one of its Sterling, Virginia locations. The popular restaurant-chain has been presented with a federal ... [Read]
Chipotle CEO Details Additional Food Safety Plans After Second-Quarter Earnings Report
Despite its recent troubles, Chipotle Mexican Grill (NYSE:$CMG) saw its stock rise by more than 3.5% in after-hours trading on July 25. This was largely due to the company surpassing earnings expectations in its second ... [Read]
What Investors Need to Know About Chipotle’s Q2 Earnings Report
The market has closed, and Chipotle’s Q2 earnings report has finally been released. Chipotle Mexican Grill (NYSE:$CMG) surpassed analyst expectations. However, the Colorado-based company missed revenue estimates. Chipotle’s Q2 Earnings Report At a Glance: ... [Read]
Despite Positive Second Quarter Earnings, Domino’s Pizza Inc.’s Stock Tumbles
Although Domino’s Pizza Inc. (NYSE:$DPZ) released strong second-quarter earnings, the market has reacted somewhat negatively to the company. Despite surpassing analysts’ expectations in earnings and seeing continuously strong sales, Domino’s Pizza Inc.’s stock declined as ... [Read]
Chipotle Temporarily Shut Down Sterling, Virginia Restaurant After Reports of Foodborne Illnesses from Customers
Chipotle (NYSE:$CMG) has been in hot waters recently, involved in multiple reports of food poisoning, as well as a scandal in which the company’s credit system had been hacked. As such, the company’s stock has ... [Read]