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Instagram / Shake Shack Shake Shack beat on both the top and bottom lines. The burger chain said delays in new restaurant openings would weigh on revenue growth this year. It maintained its full-year revenue forecast, which was below Wall Street estimates. (Reuters) – Shake Shack said on Thursday that delays in new restaurant openings would slow revenue […]
Allbirds Earlier this week, popular burger chain Shake Shack and Silicon Valley-favorite shoe brand Allbirds announced they had teamed up to release a sneaker that would be available in New York City for one day only, on May 24. The Shake Shack-inspired sneaker, which created in the style of Allbirds’ lightweight Tree Runner shoe, cost […]
Marina Nazario/Business Insider It was forecast to be a tough year for chain restaurants. Cheaper groceries and more expensive food at restaurants slowed restaurant sales in 2016. Restaurants were also faced with rising pressure to raise their workers’ wages. But traders who bet against some of the industry’s big names are mostly counting losses. “The entire […]
Reuters/Goran Tomasevic Here is what you need to know. The Dow blows through 21,000. It took just 24 trading days (and 35 calendar days) for the Dow to reach its latest round number after crossing 20,000 on January 25, matching the fastest ascent between landmarks. The Dow took 24 trading days to go from 10,000 to […]
