Sweetgreen (SG) Q2 2022 results are in line with estimates

Sweetgreen (SG) Q2 2022 results are in line with estimates

A worker wears a Sweetgreen Inc. hat while preparing food inside the company’s restaurant in Boston, Massachusetts. Adam Glanzman | Bloomberg | Getty Images Shares of Sweetgreen plunged more than 20% in extended trading on Tuesday after the salad chain lowered its 2022 forecast. The catering company also said it had laid off 5% of … Read more

Consumers cut restaurant spending, but CEOs say not all chains are affected

Consumers cut restaurant spending, but CEOs say not all chains are affected

Howard Schultz david ryder | Reuters Some restaurants are reporting weaker sales or lower traffic in the second quarter, reporting that diners are cutting back on dining out to save money. But CEOs are divided on how consumer behavior is changing and what impact it’s having on their businesses. McDonald’s Chris Kempczinski and Chipotle Mexican … Read more

Netflix may be missing an opportunity in horror movies

Netflix may be missing an opportunity in horror movies

A button to launch the Netflix app is seen on a remote control in this illustration photo in Warsaw, Poland, April 25, 2019. Jaap Arriens | NurPhoto | Getty Images There’s a big question of money haunting Netflix. In recent years, the streamer has spent big on flashy blockbuster-style action movies like “The Gray Man” … Read more

Berkshire Hathaway BRK Q2 2022 Results

Berkshire Hathaway BRK Q2 2022 Results

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stall at Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, USA, April 30, 2022. scott morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate has … Read more

Polio case in New York is just the ‘tip of the iceberg’, hundreds could be infected

Polio case in New York is just the ‘tip of the iceberg’, hundreds could be infected

Digitally generated image of polio virus 3D molecular model Pictures of Calysta | Tetra Images | Getty Images Hundreds of people could have polio after an adult in the New York metropolitan area caught the virus and suffered paralysis last month, the state’s top health official said this week. New York State Health Commissioner Mary … Read more

Bed Bath & Beyond drops private label Wild Sage as it tries to boost sales

Bed Bath & Beyond drops private label Wild Sage as it tries to boost sales

A person walks into a Bed Bath & Beyond store on October 1, 2021 in the Tribeca neighborhood of New York. Michael M. Santiago | Getty Images Bed Bath & Beyond is cutting one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the … Read more

Beyond Meat (BYND) Q2 2022 Results

Beyond Meat (BYND) Q2 2022 Results

Vegetarian sausages from Beyond Meat Inc, the maker of vegan burgers, are displayed for sale at a market in Encinitas, California on June 5, 2019. Mike Blake | Reuters Beyond Meat on Thursday lowered its 2022 revenue forecast and said it would cut its workforce by 4%, citing wider economic uncertainty. The El Segundo, Calif.-based … Read more

Burger King parent says more customers are redeeming loyalty coupons and rewards

Burger King parent says more customers are redeeming loyalty coupons and rewards

A Burger King Whopper burger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers of Burger King and its sister brands are redeeming loyalty program coupons and rewards as inflation drives up menu prices. Restaurant Brands International CEO Jose Cil told CNBC the company hasn’t seen any … Read more

Sewage samples outside New York suggest community spread

Sewage samples outside New York suggest community spread

Poliomyelitis virus particle, computer illustration. Katerina Kon | Scientific photo library | Getty Images Polio was found in sewage samples taken from two counties outside of New York, indicating the virus is spreading in the community, state health officials say. Sewage samples taken from two different locations in Orange County in June and July tested … Read more

Lordstown Motors (RIDE) Second Quarter 2022 Results and Production

Lordstown Motors (RIDE) Second Quarter 2022 Results and Production

Workers install door hinges on the body of a prototype Endurance electric pickup truck on June 21, 2021 at the Lordstown Motors assembly plant in Ohio. Michael Wayland | CNBC Embattled electric truck startup Lordstown Motors on Thursday reaffirmed its intention to begin commercial production of its first vehicle this quarter and roll out the … Read more