In the current economic climate, where consumers are becoming more cautious with their spending, restaurants like Applebee’s and IHOP are facing stiff competition from a variety of dining options. The CEO of Dine Brands, John Peyton, acknowledges that full-service restaurants, fast–food chains, and even eating at home are all vying for the attention of diners.
Business
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations with its impressive first-quarter results. Using artificial intelligence to develop products, the company has posted earnings per share of 61 cents, adjusted, compared to the 49 cents that was expected. Additionally, revenue soared to $211.63 million, surpassing the $205 million that analysts had predicted.
Former Starbucks CEO Howard Schultz recently shared his thoughts on the company’s latest quarterly report, emphasizing the importance of focusing on enhancing U.S. stores. Despite no longer holding a formal role at Starbucks, Schultz highlighted the need for improvements in areas such as mobile order and pay experience, as well as the creation of premium
Skydance Media is facing a critical decision regarding its offer for Paramount Global. The company is hesitant to proceed unless it receives a solid commitment from controlling shareholder Shari Redstone. This follows a recent offer from Apollo Global Management and Sony Pictures, which has added complexity to the situation. The exclusivity window for discussions between
Berkshire Hathaway, under the leadership of Warren Buffett, has been keeping a tight lid on its recent investment in the financial industry. The veil of secrecy surrounding this confidential wager has sparked speculation among investors and analysts alike. With the upcoming annual shareholder meeting, there is anticipation that the identity of the stock or stocks
Wayfair, the online furniture retailer, announced a decline in sales during its first quarter. However, the company managed to reduce its losses after implementing a significant workforce reduction at the beginning of the year. Despite the drop in sales, Wayfair surpassed Wall Street’s expectations both on the top and bottom lines. The company reported a
Johnson & Johnson (J&J) has recently announced its plan to pay $6.5 billion over a period of 25 years to settle the majority of the lawsuits in the U.S. related to its talc-based products allegedly causing ovarian cancer. This move comes after years of legal battles and negative publicity surrounding the safety of J&J’s talc
In response to the challenges posed by high inflation, Walmart has made a strategic move by introducing a new private label grocery brand called BetterGoods. This initiative aims to retain the customer base that the retail giant has built over the years, especially within the highly competitive grocery industry. With the BetterGoods line focusing on
In a recent legal battle, Johnson & Johnson and Bristol Myers Squibb faced a setback in their challenge to the Biden administration’s Medicare drug price negotiations. A federal judge in New Jersey rejected their legal arguments, ruling that the program is constitutional. The decision is a significant win for the Biden administration in its efforts
The price of Peacock, Comcast’s streaming platform, is set to increase by $2 this summer. This adjustment by NBCUniversal aims to capitalize on the upcoming Summer Olympics in Paris, which will be broadcasted on NBC’s TV networks and on Peacock. The ad-supported option of Peacock will see a price hike to $7.99 a month, while