Nick Setyan News Today

CAVA Group Inc (NYSE:CAVA) shares are trading lower Wednesday on the heels of the company's first-quarter financial results. Cava reported the same restaurant sales growth of 2.3%. The company said it opened 14 new restaurants during the quarter, bringing total locations up to 323, up 22.3% year-over-year.

Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation’s economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks?

BJRI earnings call for the period ending March 31, 2024.

Starbucks reported second-quarter revenue of $8.6 billion, which missed the consensus estimate of $9.129 billion, according to Benzinga Pro. The company's top-line results were down 2% year-over-year. Starbucks reported qarterly earnings of 68 cents per share, which missed analyst estimates of 79 cents per share.

By Dean Seal Restaurant chains outperforming their competitors seem to have one thing in common: keeping prices down. Its a tactic that comes as consumers, fatigued from two years of...

Starbucks shares down after Q2 earnings miss. Analysts cut price targets due to sales decline in US and China. Members decline for first time.