Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The company's shares spiked 35% on Thursday. The beleaguered connected fitness company, which two board members have run...
Cava earnings beat estimates as restaurant traffic climbs nearly 10%
Cava on Thursday raised its full-year outlook as its restaurants reported strong traffic, fueling better-than-expected quarterly earnings and revenue. Shares of the company rose 9% in extended trading. The stock has more than doubled its value this year, bringing Cava's market cap up to about $11.6 billion, as of...
Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more
Customers take out food from a Cava restaurant in Chicago, Illinois, on May 28, 2024. Scott Olson | Getty Images Check out the companies making headlines after the bell: Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report....
TikTok and fast-food rivalry fuel Chili’s sales as parent Brinker says turnaround is taking hold
An ad campaign targeting fast-food chains and a TikTok-viral appetizer helped Chili's same-store sales climb nearly 15% in its latest quarter. But Kevin Hochman, CEO of parent company Brinker International, told CNBC that the chain's strong performance is just a sign that customers are finally catching onto the chain's two-year...