Peloton's 81% decline gets it kicked out of the Nasdaq 100 just one year after its inclusion
markets.businessinsider.com/news/stocks/peloton-stock-price-decline-kicked-out-nasdaq-100-index-2022-1
Story Details
| Last Updated | Jan 14 22 |
| Total Articles | 2 |
More articles on this subject
Previous
Get Corsair's tiny, wireless, $150 hot-swap keyboard for just $64: The Corsair K70 Pro Mini Wireless launched at over $150, but it's on a deep discount ...
pcworld.com/article/2313761/get-a-tiny-wireless-hot-swap-corsair-keyboard-for-just-64.html
How Subaru Owners Are 'Regearing' Their CVTs So They Crawl Better: Subies go off-roading, too, and this worthwhile mod can be made in a weekend for ...
thedrive.com/news/how-subaru-owners-are-regearing-their-cvts-so-they-crawl-better
'It's all about health': Young people swap nightclubs for pottery events and morning runs
itv.com/news/2024-04-26/its-all-about-health-young-people-swap-bars-for-pottery-and-morning-runs
Cowboys draft analysis: How “sexy pick” Tyler Guyton fits in Dallas’ offensive line
star-telegram.com/sports/nfl/dallas-cowboys/article288019985.html
Drivers should make this swap to save £1000s this summer: Drivers have been urged to make this simple swap to their cars this summer to save themselves thousands ...
herefordtimes.com/news/24279825.drivers-make-swap-save-1000s-summer/
Atlanta Movie Exec Ryan Millsap Apologizes for Racist, Antisemitic Texts: Ryan Millsap’s apology for his messages, which were revealed by a ProPublica and ...
propublica.org/article/ryan-millsap-atlanta-movie-executive-apologizes-texts
Jets trade Zach Wilson, former starting QB, to Broncos: The Jets officially brought an end to Zach Wilson's run with the team, sending the QB to the Broncos in a ...
usatoday.com/story/sports/nfl/2024/04/22/zach-wilson-trade-broncos-jets-quarterback/73415696007/
Quick Glance: Zach Wilson Trade Notes: Jets Deal QB to Broncos before 2024 NFL Draft
- Nearly three years have passed since the New York Jets selected quarterback Zach Wilson as the second overall pick in the 2021 NFL Draft and are now officially trading the heavily criticized signal-caller to the Denver Broncos.
- At the age of 24, Wilson has been available since the beginning of the 2024 offseason, with the team's general manager, Joe Douglas, openly stating the intention to relocate the former first-round pick.
- In urgent need of quarterback reinforcements, the Broncos made significant roster moves by releasing veteran starter Russell Wilson before free agency and entering the draft with Jarrett Stidham leading the depth chart.
- By signing journeyman Tyrod Taylor as Aaron Rodgers' primary backup earlier this offseason, the Jets effectively indicated the conclusion of Zach Wilson's tenure with the team.
Options-Focused Calamos Plans Stock ETFs With 100% Downside Protection: It sounds like a surefire, slam-dunk trade for stock investors playing defense: ETFs that ...
bloomberg.com/news/articles/2024-04-22/options-focused-calamos-plans-stock-etfs-with-100-downside-protection
Paid articlePaid
This Options Iron Condor Might Etch Nice Gain By May: Applied Materials has performed brilliantly since shares broke out of a double bottom in November ...
investors.com/all-categories/amat-stock-today-iron-condor-spread-applied-materials-amat-stock/
Don't Freeze Up When On Expectation Breakers: Here's why we ramped up exposure in stocks based on the Nasdaq 100. More important, we reversed course on the ...
investors.com/research/swing-trading/nasdaq-100-qqq-expectation-breaker/
This BMW E36 Broke Its Engine—Then It Became a Dream Car: This might be the cleanest BMW E36 I've ever seen. Spectacular color combo, mint paint ...
thedrive.com/news/this-bmw-e36-broke-its-engine-then-it-became-a-dream-car
How Iran covered up the damage from Israel’s strikes: New images shared with The Economist show how a swap helped calm a crisis
economist.com/middle-east-and-africa/2024/04/24/how-iran-covered-up-the-damage-from-israels-strikes
Tax-efficient fund with 14% yield investor owns for goal of $2 million: The fund tracks some of the largest US companies while also trading options to pay out ...
businessinsider.com/tax-efficient-fund-with-high-yield-build-million-dollar-portfolio-2024-4
Fans claim Cole Palmer should 'swap salaries' with his Chelsea team-mates - after discovering that...
dailymail.co.uk/sport/football/article-13339779/Fans-claim-Cole-Palmer-swap-salaries-Raheem-Sterling-discovering-form-forward-earns-point-forgotten-Blues-team-mate-makes-ex-Man-City-star.html
A not so fond farewell: the Americanisation of Prince Harry is almost complete : The Sussexes have dropped their biggest hint yet that they may finally swap ...
independent.co.uk/voices/us-harry-megan-duke-sussex-royals-b2530851.html
Paid articlePaid
We visited the fairy tale village with cool ruins but no sign of life: The village is described as a hidden gem steeped in history - but maybe it was too hidden
examinerlive.co.uk/news/news-opinion/visited-fairytale-village-cool-ruins-29025758
In Clearwater, construction nears on $45M downtown transit center: A land swap between the city and Pinellas Suncoast Transit Authority helped clear a major ...
tampabay.com/news/clearwater/2024/04/15/clearwater-construction-nears-45m-downtown-transit-center/
Russian broker hopes to free up $500-million with frozen asset swap : Under the swap deal, foreign investors would have the opportunity to use funds frozen in ...
theglobeandmail.com/business/international-business/article-russian-broker-hopes-to-free-up-500-million-with-frozen-asset-swap/
Microsoft releases MS-DOS 4 source code on GitHub — 45 year old code now open-source
tomshardware.com/software/operating-systems/microsoft-releases-ms-dos-4-source-code-on-github-45-year-old-code-now-open-source
Quick Glance: Microsoft Releases MS-DOS 4 Source Code on GitHub - 45-Year-Old Code Now Open-Source
- The release of the nearly 45-year-old MS-DOS 4.00 source code under the MIT license grants tinkers full freedom, including binaries and disk images.
- The decision to disclose the MS-DOS 4.00 source code was significantly influenced by the communication between former Microsoft Chief Technical Officer Ray Ozzie and a young computer researcher named Connor 'Starfrost' Hyde.
- In addition to other materials, the MS-DOS 4.00 Intel 8086 assembly code and documentation are now available on GitHub, providing enthusiasts the opportunity to run the operating system on old hardware.
- As a reader of Tom's Hardware, gain exclusive insights into enthusiast PC tech news and benefit from over 25 years of experience in CPUs, GPUs, artificial intelligence, and more.
Nvidia (NVDA) Shares Go on a $260 Billion Tear as Clients Splurge on AI: Nvidia Corp. shares rallied back from last week’s selloff as some of the chip giant’s ...
bloomberg.com/news/articles/2024-04-26/nvidia-shares-go-on-a-260-billion-tear-as-clients-splurge-on-ai
Paid articlePaid
Tesla Autopilot feature was involved in 13 fatal crashes, US regulator says : Federal transportation agency finds Tesla’s claims about feature don’t match their ...
theguardian.com/technology/2024/apr/26/tesla-autopilot-fatal-crash
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
Elon Musk is once again richer than Mark Zuckerberg: Facebook parent Meta's hundred-billion-dollar market cap loss has cost Zuckerberg, while Musk's Tesla stock ...
qz.com/elon-musk-richer-than-mark-zuckerbrg-tesla-meta-earning-1851438236
Paid articlePaidQuick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Stock Market Today: Dow, S&P Live Updates for April 26: A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh ...
bloomberg.com/news/articles/2024-04-25/stock-market-today-dow-s-p-live-updates
Paid articlePaid
Meta, Netflix and 2 Other Stocks May Be Bargains After Post-Earnings Slides: Shares of Meta Platforms, Netflix, Sherwin-Williams, and Caterpillar look cheap ...
barrons.com/articles/meta-stock-netflix-earnings-cb4f3067
Paid articlePaid
Tesla axed its entire marketing team—here’s why that matters: It a reminder of just how little Tesla has invested in its own brand beyond Elon Musk.
fastcompany.com/91113609/tesla-axed-its-entire-marketing-team-heres-why-that-matters
Aaron Sorkin Is Working on a Jan. 6 Movie: ‘I Blame Facebook’: The “Social Network” scribe admitted that he’s taking on the Capitol Riots with a new film ...
thedailybeast.com/aaron-sorkin-is-working-on-a-jan-6-movie
Paid articlePaidQuick Glance: Aaron Sorkin Writing Movie on January 6, Blames Facebook for Capitol Attack
- Aaron Sorkin is writing a movie about the January 6 attack on the U.S. Capitol and holds Facebook accountable.
- Sorkin attributed the increasingly hostile U.S. political climate to Facebook algorithms.
- The writer emphasized the lack of balance between growth and integrity within Facebook, focusing solely on growth.
- Sorkin declined to divulge more details about the film but hinted at exploring Facebook's impact on the historic attack.
Advanced Micro Devices: Expectations Running Hot Ahead Of Q1: At the current price, Advanced Micro Devices’ expectations are far higher than what it can ...
seekingalpha.com/article/4686602-advanced-micro-devices-stock-expectations-running-hot-ahead-of-q1
Paid articlePaid
Tesla to lay off 693 employees in Nevada, government notice says: Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice ...
reuters.com/business/autos-transportation/tesla-lay-off-693-employees-nevada-government-notice-2024-04-26/
Quick Glance: Tesla Plans Mass Layoffs in Nevada, Government Notice Reveals
- Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, according to a government notice, as part of its plan to cut more than 10% of its global workforce.
- Under US labor law, companies with 100 or more employees must notify authorities 60 days ahead of planned closings or mass layoffs.
- Tesla announced it will lay off 6,020 employees in Texas and California, with the company's global headcount exceeding 140,000 by late 2023.
- The company responded to declining sales and increased competition by announcing mass layoffs to streamline its workforce.
Two senators want US to order Tesla to restrict Autopilot use: Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver ...
reuters.com/business/autos-transportation/two-senators-want-us-order-tesla-restrict-autopilot-use-2024-04-26/
Microsoft and Alphabet enjoy AI-powered gains from cloud divisions: Combined market value of the two tech giants rose by more than $250bn after revenue growth ...
ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92
EU law on the “right to repair”: The end of a screwless world: For decades, Apple and other tech companies produced sleek, sealed devices with no screws in sight ...
spiegel.de/kultur/eu-gesetz-recht-auf-reparatur-vom-ende-einer-schraubenlosen-welt-a-45386ef9-89c5-4fde-b387-905ba1811698
Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
reuters.com/business/retail-consumer/starbucks-us-workers-union-meet-contract-negotiations-2024-04-26/
Fast-fashion giant Shein is the latest to face EU's strictest digital regulations
qz.com/shein-to-face-stricter-eu-regulations-meta-tik-tok-amaz-1851439129
Paid articlePaid Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
Tesla’s AutoPilot Recall Gets a Government Probe. No, It’s Not a Stock Issue.: NHTSA is investigating Tesla’s AutoPilot system again. Investors don’t need to ...
barrons.com/articles/tesla-stock-autopilot-recall-9485eb99
Paid articlePaid Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports: Apollo Global Management , KKR & Co and Stonepeak may invest billions of dollars ...
reuters.com/technology/apollo-kkr-stonepeak-invest-jv-fund-intels-ireland-facility-bloomberg-reports-2024-04-26/
Nvidia Stock Rises. What Microsoft and Google CEOs Said About Its Chips.: Microsoft and Alphabet's CEOs both called out their use of Nvidia chips in ...
barrons.com/articles/nvidia-stock-price-buy-sell-microsoft-google-a5d0e558
Paid articlePaid Alphabet Leaps Into $2 Trillion Club as Results Show AI Strength: Alphabet Inc. jumped decisively above a $2 trillion market capitalization on Friday ...
bloomberg.com/news/articles/2024-04-26/alphabet-leaps-into-2-trillion-club-as-results-show-ai-strength
Stock market: Alphabet and Microsoft share prices rise: The American tech giants Alphabet and Microsoft are growing rapidly and evoking the potential of ...
faz.net/aktuell/wirtschaft/unternehmen/boerse-aktienkurse-von-alphabet-und-microsoft-steigen-19679617.html
Google parent Alphabet reclaims spot in $2 trillion valuation club: Alphabet breached the $2 trillion market value mark for the first time since November 2021 on ...
reuters.com/technology/google-parent-alphabet-reclaims-spot-2-trillion-valuation-club-2024-04-26/
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
DJT Stock Rises. Trump Media Ramps Up Fight Against Short Sellers.: Trump Media, the parent of the Truth Social platform has written to the chair of the Nasdaq ...
barrons.com/articles/djt-stock-price-donald-trump-media-truth-social-1d639bdf
Paid articlePaid
Tesla Autopilot recall to be probed by US regulator: The regulator will check whether Tesla's fix adequately addressed safety concerns.
bbc.com/news/articles/c4n17zl39v8o
Tesla’s Most Crucial Metric Drops to the Lowest in Three Years: The metric Tesla Inc. told investors early last year was most important to its executives is in ...
bloomberg.com/news/articles/2024-04-26/tesla-s-most-crucial-metric-drops-to-the-lowest-in-three-years
Google files motion for summary judgment in U.S. ad tech case: Alphabet Inc's Google on Friday asked a federal court in Virginia to reject a U.S ...
reuters.com/legal/google-files-motion-summary-judgment-us-ad-tech-case-2024-04-26/
Chipmaker Intel falls as AI competition hurts forecast: Intel shares slumped more than 12% on Friday after a downbeat forecast signaled that the boom in AI was ...
reuters.com/technology/intel-falls-weak-pc-chip-demand-hurts-second-quarter-forecast-2024-04-26/
Microsoft, Snap, Meta, Amazon, AMD, and Other Tech Stocks in Focus Today: Microsoft and Alphabet stock jumped after earnings, while Nvidia, Snap, Amazon ...
barrons.com/articles/microsoft-snap-meta-amazon-amd-tech-stocks-today-cbcce48f
Paid articlePaid
Meta's open source AI is a blow to Google and OpenAI: Mark Zuckerberg is ruining the market for his competitors with his open source strategy. Investors doubt ...
nzz.ch/technologie/facebook-konzern-meta-verschenkt-seine-kuenstliche-intelligenz-eine-kampfansage-an-google-und-openai-ld.1827392
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Alphabet, Microsoft, Intel, Snap, Meta, Exxon, Chevron, and More Stock Market Movers
on.barrons.com/4bcBkfH
WhatsApp launches new feature for iPhone users: WhatsApp is about to become a lot easier to log in on an iPhone, thanks to a new feature that’s being rolled out ...
thenews.com.pk/latest/1182410-whatsapp-launches-new-feature-for-iphone-users
Nasdaq and the S&P had their best weeks since November as Google joins the $2 trillion club
qz.com/dow-jones-nasdaq-alphabet-google-stock-market-cap-ai-1851439404
Gilead Beats Earnings Expectations After Rocky Quarter
barrons.com/articles/gilead-beats-earnings-expectations-after-rocky-quarter-e7a55ae4
Paid articlePaid Webinar Replay: Steven Cress's Top 10 Stocks Of 2024 Reviewed: Steven Cress, Head of Quantitative Strategies at Seeking Alpha, reviews his Top 10 Stocks of 2024.
seekingalpha.com/article/4686675-webinar-replay-steven-cresss-top-10-stocks-of-2024-reviewed
Mega price targets for Amazon: Should investors take action before the stock goes steep?
boerse-online.de/nachrichten/aktien/mega-kursziele-fuer-amazon-sollten-anleger-zuschlagen-bevor-die-aktie-steil-geht-20356192.html
Tesla Stock Rose Again. Three Reasons for the Jump.: Tesla stock has risen for three consecutive days, after falling for seven straight.
on.barrons.com/3QlsIeR
Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Tattooed woman mad about job rejection: A woman whose face is covered in tattoos and piercings has claimed she was denied a job at retailer TJ Maxx over her body ...
news.com.au/lifestyle/real-life/news-life/its-so-annoying-woman-claims-she-was-rejected-by-employer-over-tattoos/news-story/0db190395818979aa7926cb9378f6c0e
Google's Q1 2024 Earnings Shocker: Initiating Dividends And AI Momentum: Google's stock nears record highs as its reputation improves. Click to see how GOOG Q1 ...
seekingalpha.com/article/4686439-google-q1-2024-earnings-shocker-initiating-dividends-and-ai-momentum
Paid articlePaid Meta's median pay for employees is $379,000 a year: Meta's median salary is significantly higher than many tech jobs, though on par with rivals like Google and ...
businessinsider.com/meta-median-yearly-pay-employee-2024-4
Sam Altman, Jensen Huang, and the 20 other leaders on the new AI safety board: The AI board will advise the Department of Homeland Security on safely and ...
qz.com/sam-altman-jensen-huang-ai-safety-board-biden-security-1851438417
Tesla stock bounces back after a dreadful few months marked by layoffs and tanking sales
qz.com/tesla-stock-ev-elon-musk-wealth-bounces-back-1851438895
Tesla, GM, and Ford Have Had Quite a Week. All the Numbers That Matter.: Tesla ended the quarter with less than 50% BEV market share in the U.S ...
barrons.com/articles/tesla-stock-gm-ford-electric-vehicles-5a765341
Paid articlePaid
Apple Drops to Fourth Place Smartphone Seller in China: International Data Corp. said Lunar New Year stimulated shopping sentiment, and in high-end devices ...
on.barrons.com/4aVzvUH
Windows 11 will reportedly display a watermark if your PC does not support AI requirements
tomshardware.com/software/operating-systems/windows-11-will-reportedly-display-a-watermark-if-your-pc-does-not-support-ai-requirements
Microsoft beats quarterly revenue estimates: Microsoft beat Wall Street estimates for third-quarter revenue on Thursday, driven by gains from AI adoption across ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-04-25/
Microsoft, Alphabet (MSFT, GOOG) Gain After AI Fuels Cloud Computing Demand: Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on ...
bloomberg.com/news/articles/2024-04-26/microsoft-google-gain-after-ai-fuels-cloud-computing-demand
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
Activision Boosts Microsoft Q3 Gaming Business, But Actual Xbox Sales Collapse Continues
wccftech.com/activision-boosts-microsot-q3-gaming-revenue-xbox-consoles-sales-collapse/
Tesla's plan for affordable cars takes page from Detroit rivals: Elon Musk's new plan to use current product lines as the basis for new affordable vehicles — ...
reut.rs/3w6qYzd
Federal regulators accuse Amazon executives of deleting messages: The Federal Trade Commission is accusing Amazon founder Jeff Bezos and others of using ...
washingtonpost.com/technology/2024/04/26/amazon-ftc-messages-deleted-bezos/
Who could buy TikTok?: The clock has begun ticking for TikTok to find a new owner.
cnn.com/2024/04/25/tech/who-could-buy-tiktok/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth: Alphabet Inc. reported first-quarter revenue that exceeded analysts’ expectations ...
trib.al/7eLNkfq
Five Things You Need to Know to Start Your Day: Asia: Good morning. Microsoft and Alphabet give tech investors a boost. Inflation concerns rattle Treasuries and ...
bloomberg.com/news/newsletters/2024-04-25/five-things-you-need-to-know-to-start-your-day-asia
Mary J. Blige found her strength and now wants to help other women find their own
ctvnews.ca/entertainment/mary-j-blige-found-her-strength-and-now-wants-to-help-other-women-find-their-own-1.6863499
How a Chicken Sandwich Shows a Hidden Power in the U.S. Economy: A surprising surge in productivity at restaurants and other businesses has helped the nation ...
barrons.com/articles/economy-productivity-recession-22fc540b
Paid articlePaid Stock Markets Today: BOJ decision, ECB easing call, Big Tech, Trump: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-04-26/stock-markets-today-boj-decision-ecb-easing-call-big-tech-trump
'Challengers' review: Prepare to get hot and bothered: Zendaya, Mike Faist and Josh O'Connor are tennis players in and out of love in “Challengers ...
apnews.com/article/challengers-movie-review-zendaya-cec4315880486ff93454e22bc14b7d6c
Tesla Is Not the Next Ford. It’s the Next Con Ed.: Elon Musk’s EV empire is crumbling.
theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/
Chipotle tells employees not to eat chicken on the job: The fast food chain told employees to choose another protein option for their meals to preserve supply
qz.com/chipotle-earnings-stock-chicken-supply-consumer-demand-1851435334
Paid articlePaidQuick Glance: Chipotle lifts annual sales forecast despite uncertainties
- Chipotle raised its full-year sales forecast due to resilient demand for burritos and rice bowls despite higher menu prices.
- The company anticipates mid-to-high-single digit percentage growth in comparable restaurant sales for 2024.
- Chipotle implemented price hikes to protect its profit margin from increased ingredient costs like beef and avocados.
- Chipotle's adjusted profit in the first quarter came in at $13.37 per share, surpassing estimates of $11.68.
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics