foodbeverage
Almost half (48%) of Dublin pubs serving food have experienced a decrease in business following the recent VAT increase, according to new research conducted by the Licensed Vintners Association (LVA). VAT increase affects hiring and pricing strategiesSeven out of 10 food pubs in the capital reported that the VAT increase has made them less likely to hire new staff. 73% of these pubs have raised their menu prices in response to the higher VAT. Specifically, 24% of the pubs increased the cost of an average dish by €1, 22% raised prices by €1.50, and 17% implemented a €2 increase per menu item. D...
Invezz
The Unilever (NYSE: UL) share price has done well this year. It has risen for nine straight months, pushing it to its highest point on record. It jumped to a high of $57.68 in New York and has outperformed other companies like Procter & Gamble (PG), Colgate-Palmolive (CG), and Clorox. Unilever stock vs Colgate vs Procter & Gamble vs Clorox Unilever’s turnaround is underwayWhile Unilever stock has done well this year, it has underperformed the market in the past decade. For example, it has risen by 80% in the past decade while Procter & Gamble and Colgate soared by over 140% in the same period....
Invezz
Chipotle Mexican Grill’s (NYSE: CMG) stock price is falling apart after having one of the most spectacular performances in the past few years. It is nearing a bear market as it dropped by more than 17% from its highest point this year. It has now plunged to its lowest point this year. Restaurant stocks are fallingThe first main reason why Chipotle’s stock is tumbling is that it is trading in sync with other restaurant companies. On Tuesday, I wrote that the McDonald’s and Starbucks stocks have dropped sharply in the past few months. Other companies in the industry have dropped. CAVA Group has ...
Invezz
Starbucks (NASDAQ: SBUX) stock price has become unloved and unwanted as the company continued to face elevated challenges in its key markets. After peaking at $112.25 in May 2023, the stock has tumbled by over 33% to the current $74.57. In contrast, the S&P 500, Dow Jones, and Nasdaq 100 indices have soared to their record highs. Starbucks is facing major headwindsStarbucks, the biggest coffee chain company in the world, has been in a crisis in the past few years. For example, Howard Schulz returned to the company as the interim CEO as the business faced substantial risks. It was his third tim...
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General Mills Inc (NYSE: GIS) is in the red at writing after reporting weaker-than-expected revenue for its fourth financial quarter. Shares of the processed consumer foods company are now down nearly 10% versus their year-to-date high. General Mills issues downbeat guidanceGeneral Mills stock is taking a hit this morning also because its management failed to impress with the guidance. The multinational now forecasts its adjusted per-share earnings to climb up to 1.0% in fiscal 2025. Analysts, in comparison, were at a 3.0% increase instead. Jeff Harmening – the chief executive of General Mills...
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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 ...
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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...
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