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.
Sales
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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.
As property values continue to soar, more Americans are finding themselves facing capital gains taxes on profits from the sale of their homes. According to a recent report from real estate data firm CoreLogic, nearly 8% of U.S. home sales in 2023 yielded profits exceeding $500,000, a significant increase from the 3% reported in 2019.
Apple’s stock surged following Tim Cook’s announcement of the largest stock buyback in stock market history. However, this surge may not be sustainable in the long run, as there are underlying issues with Apple’s revenue and sales that need to be addressed. Revenue Decline Apple’s revenue dipped by 4% year-over-year, with iPhone revenue down by