Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Darden CEO Says Consumers Have Not Changed As Coronavirus Cases Increase
A customer carries a take-out bag outside Darden Restaurants Inc.’s Olive Garden restaurant in Clarksville, Indiana, USA. USA, Thursday March 5, 2020. Luke Sharrett | Bloomberg | fake pictures Darden Restaurants CEO Gene Lee said the company has not seen any change in consumer behavior, even as Covid-19 cases start …
Read More »Beyond Meat Stocks Drop After McDonald’s Ends Canadian Meatless Burger Trial
The “PLT” sandwich is ready for a photo at a McDonald’s Corp. restaurant in London, Ontario, Canada on Wednesday January 8, 2020. Cole Burton | Bloomberg | fake pictures Beyond Meat’s shares fell 7% in the morning trade after the CBC reported that McDonald’s stopped trying a hamburger made with …
Read More »Darden Restaurants (DRI) Fourth Quarter 2020 Earnings Affected by Coronavirus Closings
An Olive Garden restaurant in Times Square in New York. Richard Levine | Corbis | fake pictures Darden Restaurants reported Thursday that sales at the same store nearly halved during the fiscal fourth quarter, as the closings of soup kitchens from the coronavirus pandemic affected their revenue. But the parent …
Read More »Chuck E. Cheese files for Chapter 11 bankruptcy
A sign is placed in front of a Chuck E. Cheese restaurant in Newark, California. Justin Sullivan | fake pictures Chuck E. Cheese’s parent company, CEC Entertainment, said Thursday that it filed for Chapter 11 bankruptcy protection after local closings stemming from the coronavirus pandemic ruined its business. The company, …
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