foodbeverage
Shares of Carlsberg experienced their most significant single-day decline in more than four years on Friday, following the announcement that British soft drinks maker Britvic had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal. The refusal sent Carlsberg shares tumbling by 8.0% as of 10:21 a.m. BST, according to LSEG data, marking the company’s largest single-day share drop since March 12, 2020, when the stock fell 8.77%. Britvic’s surge and the rejected proposalConversely, Britvic’s shares surged by 10.8% following the news of the rejection. Earlier in the session,...
Invezz
Chipotle Mexican Grill (NYSE: CMG) stock price has done well in the past few years, making it one of the best-performing companies in the industry. It has soared by more than 56% in the past 12 months and by 335% in five years. This surge has helped to push its market cap to over $94 billion. Chipotle’s growth has been spectacularChipotle’s growth has happened as the company’s CEO Brian Niccol implemented one of the best turnarounds in corporate America. In his tenure, the number of stores jumped from over 2,400 in 2017 to over 3,400. He has also successfully implemented takeaway shopping. At ...
Invezz
McDonald’s has decided to discontinue its trial of an artificial intelligence (AI)-assisted ordering system at select drive-through restaurants. The decision comes after videos of numerous order errors went viral online, highlighting the system’s limitations. This move signifies the fast food giant’s reassessment of AI technology implementation, particularly in customer-facing roles, amid broader industry efforts to cut labor costs. AI-powered ordering system faces challengesThe AI-powered voice-ordering system, launched in partnership with IBM in 2021, was tested at approximately 100 McDonald...
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Celsius Holdings (NASDAQ: CELH) stock price has suffered a harsh reversal in the past two months as investors remain concerns about its growth continued. It retreated to a low of $56.70 on Monday, its lowest swing since February 13th. Growth concerns remainCelsius Holdings, one of the fastest companies in the US, has come under pressure as investors remained concerned about its slow growth. The sell-off intensified after Pepsi, its distribution partner, lowered its guidance. The most recent financial results showed that Celsius Holdings was doing well even as its US growth slowed a bit. Its qu...
Invezz
Wingstop (NASDAQ: WING) stock price is firing on all cylinders as investors compare it to Chipotle Mexican Grill. It has soared to a high of $417, up from the year-to-date low of $240 and by over 385% in the past five years. This surge has brought its total market cap to over $11.7 billion. Strong growth but valuation concerns remainChipotle Mexican Grill has become one of the best restaurant stocks in the US. In the past few years, it has moved from a small restaurant chain into a company valued at almost $80 billion. This growth happened as its annual revenue soared from over $5.6 billion in...
Invezz
In just a few years, meal kit delivery services have completely changed how we cook and eat at home. Once a niche idea, they’ve quickly become a go-to solution for many households, offering a convenient and flexible alternative to traditional meal prep. These services have hit the sweet spot, catering to our need for convenience, variety, and healthier eating, and it’s no wonder they’re becoming more and more popular. The Booming Meal Kit Delivery MarketIn recent years, the meal kit delivery market has exploded in popularity, providing an effortless way for people to enjoy home-cooked meals wi...
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A 35% hit to Celsius Holdings Inc (NASDAQ: CELH) in less than a month spells opportunity to invest at a discount, says Jim Cramer. Jim Cramer shares his view on Celsius stockCelsius stock has been taking a beating ever since Morgan Stanley talked of slowing trends in its research note. But the Mad Money host is not convinced that it’s entirely true. For one, the energy drinks company is doing “very well” in terms of sales at Costco, Cramer said on CNBC’s “Morning Meeting” today. What’s interesting is that the analysts at Morgan Stanley rate CELH shares at “equal-weight” as data points to a seq...
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CAVA Group (NASDAQ: CAVA) stock price has surged to a record high as investors compare it with Chipotle Mexican Grill (NYSE: CMG). It soared to a high of $82.82, which was 182% above its lowest level in 2023. This jump has brought its total market cap to over $10 billion. Comparisons with ChipotleCAVA Group’s shares have surged hard this year, helped by its strong revenue growth and future potential. Its annual revenue has jumped from over $500 million in 2019 to over $728 million in 2023. Analysts are optimistic that its revenue growth will accelerate and reach over $878 million this year and...
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The European Commission announced on Thursday it fined Mondelez International Inc. €337.5 million for obstructing the cross-border trade of chocolate, biscuits, and coffee products between the European Union’s member states. Anticompetitive practices revealedThe Commission’s investigation revealed that Mondelez breached EU competition rules through anticompetitive agreements and concerted practices aimed at restricting cross-border trade of various chocolate, biscuit, and coffee products. Additionally, Mondelez was found to have abused its dominant position in certain national markets for the ...
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Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is down 20% after announcing a massive cut to its dividend on Friday. Cramer has confidence in $CBRL chief executiveThe chain of restaurants and gift stores trimmed its dividend by a whopping 80% to 25 cents a share this morning. Still, famed investor Jim Cramer is all praise for Julie Felss Masino – the chief executive of Cracker Barrel. On CNBC’s “Squawk on the Street”, he said today: She’s going to fix it. They had to slash the dividend because they needed to reapply that money to be able to make the stores look better. She’s going to rein...
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