A sign advertises meal deals at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Restaurant CEOs have become obsessed with the word “value” in explaining to investors why their sales lagged this quarter while sharing plans to revive traffic in the coming months. On McDonald’s quarterly conference call...
A Chipotle restaurant in New York, US, on Monday, July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings that crushed expectations, but the burrito chain’s sales fell short. The stock fell more than 8% in extended trading. Shares were up 50% this year through Wednesday’s close....
The Cava logo is displayed at a Cava location in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images Mediterranean fast-casual restaurant chain Cava priced its initial public offering at $22 per share, above a previously stated range, the company said Wednesday. Cava said it sold 14.4 million shares, which...
CNBC’s Jim Cramer on Tuesday gave investors his take on Cava, the popular fast-casual Mediterranean chain that’s expected to go public this week. While he thinks the stock will roar on the IPO, he said investors should tread carefully and not burn themselves if “Cava comes out of the gateway too hot.” “Unless you can...