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January 24, 2022

Chipotle Mexican Grill Inc

Omicron surge compounds retailers’ biggest headaches: Worker shortages and supply chain woes

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CNBC – For more and to sign up click here Source: Lauren Thomas, CNBC Slashing store hours, temporarily shuttering locations and sending apology letters to customers for long lines and delayed appointments. These are the some of the unusual steps that retailers and restaurants are taking as Covid cases spike......

Sweetgreen stock poised to go higher after its mixed IPO in late 2021

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CNBC – For more and to sign up click here Jonathan Neman, Nicolas Jammet, and Nathaniel Ru, Sweetgreen at the NYSE, November 18, 2021 Source: NYSE In a year with a spate of restaurant IPO stocks, Sweetgreen — one of the late entries — may have an exciting year ahead,......

This new CNBC stock index will track shares integral to the lives and careers of younger generations

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CNBC – For more and to sign up click here Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters CNBC is launching a new......

Cramer says he plans to own Costco for the long term. Here’s why

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CNBC – For more and to sign up click here CNBC’s Jim Cramer said Friday he intends to own Costco for the long term because the wholesale retailer has the most valuable quality he looks for in stocks: pricing power. “Costco has the No. 1 most important quality in a......

Bill Ackman says the omicron Covid variant could end up being bullish for markets

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CNBC – For more and to sign up click here Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Investor Bill Ackman said the new omicron variant of the Covid-19 virus could actually give U.S. stocks a boost if symptoms turn out to be less severe. “While......

Gaming platform Roblox comes back online after three-day outage

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CNBC – For more and to sign up click here The Roblox logo displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Roblox restored its services Sunday following a major outage that lasted for three days. Roblox, an online platform which lets users play and......

Higher restaurant wages whack profits—some warn more pain is still ahead

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CNBC – For more and to sign up click here Employees prepare orders for customers at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Customers are returning to restaurants in droves, but workers haven’t, putting even more pressure on fast-food chains to......

Starbucks revenue falls short as Covid hurts China sales, coffee chain offers mixed fiscal 2022 outlook

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CNBC – For more and to sign up click here Starbucks shift supervisor Adan Miranda wears a face mask as he serves a drink to a customer while standing behind a plexiglass shield in a booth outside the store in Sacramento, Calif., Thursday, May 21, 2020. Rich Pedroncelli | AP......

Starbucks hikes wages, will hit $15 an hour minimum by next summer

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CNBC – For more and to sign up click here A ‘We’re Hiring!’ sign is posted at a Starbucks on August 06, 2021 in Los Angeles, California. Mario Tama | Getty Images Starbucks announced Wednesday it will raise wages for its U.S. baristas at least twice in 2022, bringing its......

McDonald’s earnings beat as Covid restrictions ease, fueling strong international sales

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CNBC – For more and to sign up click here McDonald’s on Wednesday reported quarterly earnings and revenue that topped analysts’ estimates as its international sales bounced back, despite Covid-19 resurgences in some markets. In its home market, the nationwide launch of its loyalty program lifted digital sales, and larger......

Restaurants prep for long-term labor crunch by turning to robots to work the fryer, shuttle food to tables

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CNBC – For more and to sign up click here At Inspire Brands’ Innovation Center in Atlanta, the Flippy robot is taking on a new challenge. The automated worker, made by Miso Robotics, first came onto the scene as a burger solution. Now, it’s frying wings for the first time.......

Chipotle earnings crush estimates as sales jump 22%, higher menu prices offset rising costs

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CNBC – For more and to sign up click here A customer carries a Chipotle Mexican Grill Inc. bag outside a restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Thursday reported quarterly earnings that crushed......

Amazon, Walmart, Target are paying for college, but money isn’t everything in education

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CNBC – For more and to sign up click here Employees restock shelves of school supplies at a Wal-Mart Stores location in Burbank, California, U.S. Bloomberg | Bloomberg | Getty Images Amazon, Walmart, Target and McDonald’s are among the companies now offering various ways for their employees to obtain an......

Subway says August sales were the strongest in 8 years after revamping menu

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CNBC – For more and to sign up click here A Subway Restaurant location in New York, U.S., on Friday, July 2, 2021. Jeenah Moon | Bloomberg | Getty Images Subway’s menu overhaul is yielding early success for the sandwich chain. The company announced Tuesday that August sales for its......

Chipotle will add smoked brisket to its menu for a limited time

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CNBC – For more and to sign up click here Smoked brisket joins Chipotle Mexican Grill’s menu Source: Chipotle Mexican Grill Chipotle Mexican Grill on Tuesday announced the third new menu item for this year: smoked brisket. The latest meat option will only be available for a limited time. Those......

Many companies are offering generous tuition assistance so workers can go back to college

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CNBC – For more and to sign up click here Since the start of the pandemic, some workers have had to put their higher education goals on hold. Now, more companies are trying to help revive those college aspirations. Target and Walmart recently announced tuition reimbursement programs to help employees with the......

Burger King launches loyalty program nationwide as chain looks to invigorate U.S. sales

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CNBC – For more and to sign up click here A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Burger King is taking its rewards program nationwide amid a broader push from the Restaurant Brands International chain to invigorate its U.S.......

Restaurants grapple with vaccine mandate policies in historically tight labor market

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CNBC – For more and to sign up click here To mandate, or not to mandate? That’s the question facing down restaurant owners and operators during one of the most challenging hiring environments in decades. The Food and Drug Administration approved Pfizer and BioNTech’s Covid-19 vaccine on Monday, opening the......

Nuro is building a test track and factory for its delivery robots in Las Vegas

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CNBC – For more and to sign up click here Nuro, a start-up which makes autonomous delivery vehicles, announced Thursday that it’s building a factory and a closed course test-track in Las Vegas, Nevada. Funded by Softbank, Chipotle, Toyota‘s Woven Capital and others, Nuro says its two new commercial facilities......

Fast-food wages climbed 10% in latest quarter, the largest jump in years, report says

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CNBC – For more and to sign up click here Lino Lakes, Minnesota, Help wanted sign at McDonalds with great starting pay. Michael Siluk | Getty Images You’ve seen headlines for pay hikes at McDonald’s, Chipotle and other restaurants. Now it’s showing up in the data. Wages for hourly limited-service......

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