CEOs are increasingly using the word “choiceful” to describe consumer spending behavior and their company strategy. In 2023, the term “choiceful” has appeared in 15 quarterly earnings calls for S&P 500 companies, a significant increase from just two mentions in 2021, based on a CNBC analysis of FactSet transcripts. CEOs of major companies like Walmart …
Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …
Snickers and Mars candy bars, produced by Mars Inc., sit on display. Bloomberg | Bloomberg | Getty Images Tim LeBel is Mars Wrigley’s president of sales for 11 months of the year. However, during the month of October, he assumes a different role: chief Halloween officer. For candy makers like Mars and its competitors such …
With the stock market deeply oversold this week, we strategically invested our cash in various sectors, such as energy, technology, and materials. Additionally, we added a former Club chipmaker to our Bullpen and upgraded a premium beer brand to a buy rating. The market’s Friday reversal allowed us to fulfill our commitment to trim a …
An empty parking lot is pictured in front of a Planet Fitness gym and fitness club in Alhambra, California, on May 12, 2020, after stay-at-home orders in Los Angeles County were extended until July amid the Covid-19 pandemic. Frederic J. Brown | AFP | Getty Images Discover the latest news in midday trading. Starbucks — …
The Carnival Miracle cruise ship operated by Carnival Cruise Line is docked at Pier 27 in San Francisco, Sept. 30, 2022. Justin Sullivan | Getty Images Discover the notable pre-market movers: Carnival, Royal Caribbean— Truist upgraded both cruise lines, leading to a 2% increase in their stock prices. Royal Caribbean was upgraded from hold to …
Sen. Bernie Sanders (I-VT) and UAW President Shawn Fain (left) speak at a rally in support of United Auto Workers members as they strike the Big Three automakers on September 15, 2023 in Detroit, Michigan. Bill Pugliano | Getty Images Sen. Bernie Sanders addressed striking autoworkers in Detroit on Friday, urging working people across the …
Luckin Coffee, the Chinese coffee giant, has achieved a significant milestone by reaching 10,000 stores in China in June. This accomplishment has catapulted Luckin Coffee ahead of Starbucks as the largest coffee chain brand in the country. Luckin Coffee emerged in 2017 as a key competitor to Starbucks, offering affordable coffee options and convenient mobile …
Starbucks’ iced pumpkin cream chai tea latte. Source: Starbucks In most parts of the United States, the green foliage and warm temperatures signal the arrival of fall. However, for many restaurants and retailers, autumn has already begun. In the past, Halloween candy and pumpkin spice lattes would wait until after Labor Day before making their …
Starbucks’ latest addition to their fall drink lineup is the iced pumpkin cream chai latte. Image Source: Starbucks In celebration of the 20th anniversary of their iconic pumpkin spice latte, Starbucks is introducing a new pumpkin drink to their menu this fall. Starting this Thursday, customers can enjoy the iced pumpkin cream chai latte alongside …