Kohl’s Corp. announced Friday that takeover talks with Vitamin Shoppe parent Franchise Group Inc. have ended, adding to a wave of ditched business deals amid unfavorable market conditions. Kohl’s KSS, -21.36% said it communicated with 25 parties, but Franchise Group’s FRG, -8.50% bid of $ 60 per share led to “exclusive negotiations.” “Despite a concerted … Read more
Text size Uncredited US stock and bond markets will be closed on Monday in observance of Juneteenth. There will be a handful of earnings reports, annual shareholders meetings, and economic-data releases when investors return this week. Companies reporting quarterly results will include Lennar on Tuesday; FedEx , BlackBerry , spirit Darden Restaurants on Thursday; spirit … Read more
Town Jaewon Kang spirit Annie Gasparro June 11, 2022 5:30 am ET Listen to article (2 minutes) Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz and some McDonald Corp. franchisees, said they would continue to raise prices as they face starkly higher costs. Kraft Heinz notified retailer customers this past Monday … Read more
Carl Icahn is dropping a proxy fight focused on the treatment of pregnant pigs at grocery-chain Kroger Co. KR -0.64% after concluding he is likely to lose as he did a similar fight at McDonald’s Corp. MCD -0.26% last month. “I congratulate the McDonald’s team on their victory in this proxy engagement and, after much … Read more
Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt / Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings — if the rally continues. The S&P 500 has gained just … Read more
Waiter, There’s a Fee in My SoupThe Wall Street Journal
Shares of Restaurant Brands International Inc. QSR, + 2.64% advanced 2.64% to C $ 66.77 Monday, in what proved to be an all-around positive trading session for the Canadian market, with the S & P / TSX Composite Index GSPTSE, + 0.82% rising 0.82% to 20,919.40. This was the stock’s third consecutive day of gains. … Read more
Text size The decline of Shake Shack stock in 2022 ‘creates a more balanced risk / reward,’ says Raymond James. Scott Olson / Getty Images Fast-food company Shake Shack should see sales improvements in coming months, according to one Raymond James analyst. Brian Vaccaro upgraded his rating on the stock to Market Perform from Underperform … Read more
Shares of Restaurant Brands International Inc. QSR, + 0.47% inched 0.47% higher to C $ 66.42 Tuesday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S & P / TSX Composite Index GSPTSE, -0.55% falling 0.55% to 19,890.06. The stock’s rise snapped a seven-day losing streak. … Read more
Shares of Chipotle Mexican Grill Inc. CMG, -0.90% slumped 0.90% to $ 1,434.53 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, + 2.99% rising 2.99% to 4,300.17 and the Dow Jones Industrial Average DJIA, + 2.81% rising 2.81% to 34,061.06. This was … Read more