Soviet customers stand in line outside the just opened first McDonald’s in the Soviet Union on January 31, 1990 at Moscow’s Pushkin Square. Vitaly Armand | Afp | Getty Images It was 4 a.m. and a trickle of Russians had already begun lining up outside the building in the freezing winter cold, hours before opening time. When the doors opened, …
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Restaurant Brand International restaurants’ Tim Hortons and Popeyes. Randy Risling | Toronto Star | Getty Images Tim Hortons is anticipating Canadian same-store sales growth in the mid-to-high single digits in 2022 as the coffee chain’s turnaround takes hold in its home market. The Restaurant Brands International chain also said Tuesday during an investor presentation that it set a long-term goal …
The busiest week of the earnings season is coming up, with roughly 160 S&P 500 companies slated to report, including tech giant such as Apple and Amazon. Source link
The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters It seems inflation, the spike in oil prices and other commodities and geopolitical unrest are affecting just about every industry. Now, the arrival of earnings season brings another element for investors to consider. Rather than focusing on the short-term volatility these …
March retail sales were slightly weaker than expected, but the consumer may actually be stronger than the number suggests. Source link
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History suggests that if the bond market is correct about a recession coming, the stock market will start to send some signals as well. Source link
Carl Icahn Adam Jeffery | CNBC Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger, after the famed activist investor initially targeted McDonald’s. Icahn has submitted a plan to nominate two candidates to Kroger’s board, the Cincinnati-based company said in a release Tuesday. Kroger said it first heard from Icahn on Friday. The grocer said …
History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found. Source link
