Portillo’s, a well-known fast-casual restaurant chain in the United States, is facing some challenges in its business operations. With the stock market value at $901M and a percentage ownership of 9.90%, the company has caught the attention of activist investors like Engaged Capital. Let’s dive into the details of what’s brewing at Portillo’s and what
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After the bell, several companies experienced a surge in their stock prices. Cava Group, for instance, witnessed a 6% increase on the back of a strong earnings report. On the other hand, Ross Stores also saw a significant rise of about 6% following an earnings beat. Workday, the cloud company, jumped more than 11% after
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Cava recently raised its full-year outlook after reporting strong traffic in its restaurants, leading to better-than-expected quarterly earnings and revenue. The company’s shares saw a 7% increase in extended trading, with its market cap reaching approximately $11.6 billion by the end of the quarter. During the quarter that ended on July 14, Cava exceeded Wall
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The recent surge in retail stocks, such as Target and TJX, has caught the attention of investors. While these companies saw significant jumps in their stock prices, there is a growing concern about mall real estate investment trusts. Despite the positive performance of Kimco and Simon Property Group, other retail giants like Macy’s experienced a
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Wall Street witnessed back-to-back weekly gains recently amidst an overbought market. This sets the stage for a crucial week ahead, with Nvidia earnings and the Federal Reserve’s inflation gauge in focus. Fed Chairman Jerome Powell’s speech at Jackson Hole signaled the likelihood of interest rate cuts, prompting investors to expect substantial adjustments in the policy.
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