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January 19, 2022

Domino's Pizza Inc

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

CNBC
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......

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 CEO defends wage hikes as stock falls 7% on coffee chain’s weak earnings outlook

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CNBC – For more and to sign up click here Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks CEO Kevin Johnson on Friday defended the coffee chain’s plans to hike wages for baristas at least twice next year, saying that the move will help the company gain market share.......

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......

CEO of major logistics firm makes a pitch to immigrants to address shortage of truck drivers

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CNBC – For more and to sign up click here The CEO of an American logistics firm on Wednesday suggested that more immigration to the U.S. could help alleviate the nationwide truck driver shortage. “If you look across the demographic of truck driving, there’s a very heavy slant to immigrants,”......

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......

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.......

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......

Companies from Chipotle to Whirlpool are raising prices on consumers because of higher costs

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CNBC – For more and to sign up click here A employee sprinkles cheese on a burrito at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Consumer brands from Chipotle Mexican Grill to Whirlpool are dealing with inflation by passing higher costs......

Domino’s CEO says return of late-night, weekend orders fueling sales growth during Covid reopening

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CNBC – For more and to sign up click here Domino’s Pizza CEO Ritch Allison told CNBC on Thursday the Covid economic reopening has actually provided a boost for the company, helping fuel same-store sales growth during the second quarter. In an interview with Jim Cramer on “Mad Money,” Allison......

Bill Ackman still sees a massive economic boom despite the delta variant, says rates to rebound

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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 Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a significant threat to the economic reopening, seeing interest rates rising on......

The future of self-driving? Maybe less like Elon Musk and more like Domino’s pizza robots

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CNBC – For more and to sign up click here Refraction AI’s 4.5-foot tall, 150-pound Rev-1 three-wheeled robot vehicle has been delivering pizzas in Austin, Texas. The company believes the future of autonomous driving is ‘zero occupant.’ Source: Refraction AI As companies like Tesla and its CEO Elon Musk come......

Beyond the punch card: Restaurants lean into loyalty programs to hold onto pandemic digital gains

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CNBC – For more and to sign up click here An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Forget the battle for chicken sandwich supremacy. The loyalty program wars are coming. Restaurant digital orders surged 124%......

Wall Street Bets targets Wendy’s with new stock buying strategy, Jim Cramer says

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Tuesday said the Wall Street Bets investing crowd is flexing its muscle on analysts after the online investing group sparked an unsuspecting rally in Wendy’s shares. The stock surged to a record after catching an endorsement......

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