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For them, and the fast food chains they’re now competing against, the stakes are high. “Fast food has gotten really expensive,” Henkes said. On X, Chili’s asked whether Chili’s is better than fast food, and promised rewards to those who said yes. Chili’s also ran video ads comparing its food favorably to fast food burgers. “People go to sit-down restaurants, generally speaking, for different occasions, than they go to fast food restaurants,” he noted.
Persons: New York CNN — McDonald’s, Applebee’s, ” John Peyton, it’s, Peyton, , , Henkes, McDonald’s, Chris Kempczinski, Ian Borden, we’ve, Chili’s, Kevin Hochman, Chili's, Jeffery Greenberg, David Henkes, ” Henkes Organizations: New, New York CNN, Dine Brands, CNN, Bureau of Labor Statistics, Bloomberg, Applebee’s, Brinker International, Universal, Locations: New York, McDonald’s, Applebee’s, Chili’s, Technomic
Applebee's and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu prices. The company reported first-quarter earnings that fell short of Wall Street's estimates, and both Applebee's and IHOP's same-store sales shrank more than expected. As Applebee's leans into value with a slate of promotions that includes the return of Dollaritas, Dine Brands CEO John Peyton is confident that the chain can beat out the fast-food chains vying for its customers. Applebee's isn't the only casual-dining chain taking aim at McDonald's and the rest of the fast-food category. "It's top of mind for so many people, and it's because they've grown up with Applebee's," Peyton said.
Persons: Dine, Applebee's, John Peyton, Burger, Peyton, Chris Kempczinski, Peyton Manning, Tom Brady, Beyonce Organizations: Dine Brands, CNBC, Peyton, Brinker International
Earnings Exchange: McDonald's, Brinker International, Eli Lilly
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEarnings Exchange: McDonald's, Brinker International, Eli LillyAri Wald, Oppenheimer head of technical analysis, joins CNBC's 'The Exchange' to discuss earnings from McDonald's, Brinker International, and Eli Lilly.
Persons: Eli Lilly Ari Wald, Oppenheimer, Eli Lilly Organizations: McDonald's, Brinker International
The rapid rise and fall of ghost kitchens
  + stars: | 2024-04-14 | by ( Kenneth Niemeyer | ) www.businessinsider.com   time to read: +4 min
Ghost kitchens are restaurants with no storefront and no seating that customers never see and which only do delivery. Several influencers and celebrities have used ghost kitchens to produce their own lines of food, like YouTuber Jimmy Donaldson, known online as Mr. AdvertisementAnd as quality issues and late delivery times worsen, some ghost kitchens are starting to see legal challenges. Cracker Barrel also opened its own virtual restaurant using CloudKitchens, another ghost kitchen group, according to Restaurant Business. The company owns three virtual brands, Banda Burrito, The Meltdown, and Burger Den.
Persons: , Jimmy Donaldson, Burger, Noah Schnapp, It's, TenderFix, Brinker, Kevin Hochman, Donaldson, MrBeast, Travis Kalanick, Kelli Valade Organizations: Service, Business, The New York Times, Kroger, Times, Restaurant Business, Banda, Denny's
All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile
The jingle, last used in the mid-2000s, became an earworm for anyone watching TV during the ’90s when it seemingly blanketed the airwaves nonstop. Chili’s is hoping that nostalgia will draw renewed interest in the restaurant chain that’s in the midst of a turnaround. The new TV ad, featuring Boyz II Men singing a modernized version of the jingle, will also be promoted on social media this month. “It feels natural for us to rerelease the ‘Baby Back Ribs’ jingle and pay homage to Chili’s legendary menu item in a nostalgic way,” the group said in a release. The latest version is the “biggest rerelease of Chili’s iconic earworm yet and doesn’t stray too far from the original version,” the chain said.
Persons: Boyz, Guy Bommarito, Chili’s, Bommarito, , Kevin Hochman, Brinker, Hochman, they’re “ Organizations: New, New York CNN, GSD, Brinker International, KFC, Brinker Locations: New York
Brinker International CEO Kevin Hochman goes one-on-one with Jim CramerBrinker International President and CEO Kevin Hochman joins 'Mad Money' host Jim Cramer to talk quarterly earnings, changing consumer trends and more.
Persons: Kevin Hochman, Jim Cramer Brinker, Jim Cramer Organizations: Brinker, Jim Cramer Brinker International
But in the end, it's fundamentals that drive earnings and earnings that drive stock prices. Looking ahead to next week, we'll get several important macroeconomic updates along with nine Club earnings reports. Economic releases Next week is Jobs Friday when we get the government's monthly nonfarm payrolls report. Club stock earnings Club name Caterpillar (CAT) reports third-quarter results before the opening bell Tuesday. DuPont (DD) is set to report earnings.
Persons: it's, we'll, nonfarm payrolls, We'll, Estee Lauder, Eli Lilly, BUD, Jerome Powell, Kraft Heinz, WEN, Papa John's, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Caterpillar, GE Healthcare, DuPont, Bausch Health, Starbucks, Apple Watch, VF Corp, GE HealthCare, Pfizer, JetBlue, Anheuser, Busch InBev, Devices, Caesars Entertainment, Cruise, CVS Health, Brinker International, Yum Brands, PayPal, Qualcomm, Mondelez, Novo Nordisk, Barrick, Penn Entertainment, Paramount Global, Marriott, Ferrari, Molson Coors, TAP, Coinbase, Natural Resources, Booking Holdings, International, Monster Beverage, Health, Resources, Dwight, Restaurant Brands, Sempra Energy, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange Locations: North America, China, New York City, U.S
2 chicken chain in the U.S., a decade after Chick-fil-A first unseated KFC from the top spot. Restaurant Brands International 's Popeyes launched a chicken sandwich in 2019 that turned into a blockbuster menu item and ushered in the chicken sandwich wars. Similar to KFC, Popeyes lost market share in the past year, but still retained enough to leapfrog its rival. It took more than a year for KFC to respond to Popeyes' chicken sandwich. 2 chicken chain.
Persons: Popeyes, Chick, Wendy's, Kevin Hochman, Patrick Doyle, Sami Siddiqui Organizations: KFC, Starbucks, Restaurant Brands, Yum Brands, Barclays, Brinker International, School Conference, CNBC Locations: U.S, Atlanta
Here are some of the tickers on my radar for Friday, Sept. 29, taken directly from my reporter's notebook:Sacrilege: Edward Jones downgrades Berkshire HathawayDomino's PizzaChilis and Maggianos owner Brinker InternationalLoop Capital upgrades Burger King and Tim Hortons owner Restaurant BrandsBank of America raises energy drinks maker CelsiusIf you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free.
Persons: Edward Jones downgrades Berkshire Hathaway, Tim Hortons, Jim Cramer's Organizations: Burger, Restaurant Brands Bank of America
Check out the companies making headlines in premarket trading. Nike — The sneaker behemoth added nearly 10% in premarket trading after a mixed earnings report. Brinker International — The Chili's parent climbed 4% after Stifel upgraded the stock to buy from hold. Editas Medicine — The genome editing company popped 9% in premarket trading following a Stifel upgrade to buy from hold. Ball — Shares added 1.7% in premarket trading after the aluminum-can maker was upgraded by Jeffries to buy from hold.
Persons: Brinker, Stifel, Jeffries, , Northcoast, CNBC's Brian Evans, Pia Singh, Jesse Pound, Michelle Fox Organizations: Nike, Opry, LSEG, Uranium Energy, Wonder Group, Anheuser, Busch InBev —, Bank of America, Stifel, KFC, Research Locations: Nashville , Tennessee, Olive
Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated a buy rating on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its vehicle delivery forecast to 450,000 from 468,500. Bumble — The online dating platform added 3% after Loop Capital Markets upgraded the stock to buy from hold. Corcept Therapeutics — Shares slumped 17% in midday trading as the firm contends with ongoing litigation against Teva Pharmaceuticals.
Persons: Elon Musk, Canaccord Genuity, Tim Wentworth, Roz Brewer, Bumble —, Cushing, Teva, — CNBC's Pia Singh, Alex Harring, Michelle Fox, Hakyung Kim, Darla Mercado Organizations: U.S, Senate, Intelligence, Capitol, Washington , D.C, Citi, Barclays, Anheuser, Busch InBev — U.S, LSEG, Cruise, Wonder Group, Nvidia —, Blackwell, Nvidia, Nike —, Nike, Walgreens, Bloomberg, Therapeutics, Teva Pharmaceuticals, Texas, Northcoast Research Locations: Washington ,
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrinker International CEO on the state of the restaurant industry, industry softness and Q4 earningsBrinker International CEO Kevin Hochman joins 'Power Lunch' to discuss the company's Q4 earnings, the state of the restaurant industry and the rising cost of food.
Persons: Kevin Hochman Organizations: Brinker
Goldman raised its price target to $248 a share, from $185. UBS lowered its price target on Modera stock to $191 a share, from $221. BMO raised its price target on SHW stock to $275 a share, from $269. Wells Fargo on Monday initiated coverage on Brinker International (EAT) with an underweight, or sell, rating and $31-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Goldman Sachs, Goldman, Roth MKM, Sherwin, Williams, Morgan Stanley, Eli Lilly, LLY, Jim Cramer's, Jim Cramer, Jim Organizations: Sunday, UBS, BMO Capital, BMO, Monday, Club, Palo Alto Networks, American Diabetes Association, Brinker, JPMorgan, Wynn Resorts, WYNN, Jim Cramer's Charitable, CNBC Locations: Covid, cybersecurity, Wells Fargo, Las, Macao, China
'We're working on the right things to accelerate growth', says Brinker's CEO Kevin HochmanBrinker International President and CEO Kevin Hochman joins 'Mad Money' host Jim Cramer fresh off the company's investor day which saw the stock drop more than 6% during the trading day.
Persons: Kevin Hochman Brinker, Kevin Hochman, Jim Cramer Organizations: Kevin Hochman Brinker International
Chili's has hired staff to bus tables and streamlined preparation, according to the New York Times. Some have found it at Chili's, according to the New York Times. In the early years of the pandemic, Chili's experimented with technology, such as a robot server, to handle the labor shortage and increase efficiency. "When you go out to eat you want to be waited on, and that hasn't changed," Hochman told the Times. Jasmine Owens, a longtime bartender at a Chili's outside of Atlanta, told the Times that customers would scream and toss their food during the pandemic.
Persons: Chili's, , Kevin Hochman, Hochman, hasn't, Jasmine Owens, Owens Organizations: New York Times, Service, Times, Brinker International, Restaurant Industry Locations: Chili's, Dallas, State, Atlanta
Jim Cramer goes one-on-one with Brinker International CEO Kevin HochmanBrinker International CEO Kevin Hochman joins 'Mad Money' host Jim Cramer to talk the company's quarterly earnings results, changes in Chili's restaurants, and menu updates.
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
But PPI readings can predict the direction of future consumer price readings. High interest rates hurt because they increase monthly costs, but it's the lack of supply that contributes to elevated list prices. If we can get inflation down while seeing other economic indicators hold up, the likelihood of a soft landing increases. ET: Industrial Production & Capacity Utilization Looking back It was a tough week for stocks, with the Dow falling 4.4% in its worst showing since June. Under the hood, all sectors finished lower for the week, led down by financials and followed by materials and real estate.
The outlook for Club holding Wynn Resorts (WYNN) hasn't been this good since the Covid pandemic started. I've been saying more needs to be done to right the ship at this Club holding. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Check out the companies making the biggest moves in premarket trading:Peloton — The fitness equipment maker jumped more than 5% in the premarket after reporting fiscal second quarter revenue of $792.7 million, above a Refinitiv forecast of $710 million. Peloton said its net loss narrowed year over year and subscription revenue was higher than sales of the product. Advanced Micro Devices — Shares of chipmaker AMD rose more than 3% premarket after the company reported fourth-quarter earnings and revenue that beat Wall Street expectations. Electronic Arts — Shares of the video game publisher fell nearly 10% after the Electronic Arts' fiscal third quarter results missed expectations for adjusted earnings and net bookings, according to StreetAccount. Match Group — The online dating company slid 8.3% after reporting quarterly revenue that missed Wall Street expectations.
Advanced Micro Devices — Shares of chipmaker Advanced Micro Devices jumped 7.9% after the company reported earnings that beat Wall Street's expectations, according to Refinitiv. AMD also showed relative strength after competitor Intel's disappointing quarter, analysts said. Snap — Shares of the social media company plunged 14% after the firm reported quarterly revenue that missed Wall Street's expectations, according to Refinitiv. Stryker — Shares rallied about 7% after the company reported adjusted fourth-quarter earnings of $3 per share, above FactSet's estimate of $2.84. The Chili's parent company reported 76 cents in adjusted earnings per share on $1.02 billion in revenue.
Over the summer, Chili's was testing drone delivery and dining-room robots to improve operations. But, under new CEO Kevin Hochman, Brinker-owned Chili's ditched robots in favor of kitchen automation. "The robotics were slower than what our servers can do," Hochman told Insider. "The robotics were slower than what our servers can do," Hochman told Insider. That alone is likely to save the company millions of dollars from having to comp steaks sent back by unhappy customers.
Inflationary challenges will bite into Cheesecake Factory 's stock next year, according to Goldman Sachs. Analyst Jared Garber downgraded Cheesecake Factory to sell from neutral. He also lowered his price target for the stock to $29, which reflects a downside of 12.2% over Friday's close. Garber said companies are experiencing a tougher economic backdrop as wages remain sticky and inflation pushes traffic down with consumers restricting spending. The Cheesecake Factory could see traffic decrease further than it already has, with the company currently underperforming the industry, based on a Goldman Sachs analysis.
Coupa Software (COUP) – Private-equity firm Thoma Bravo agreed to buy Coupa, a specialist in business spending management software. Accenture (ACN) – Accenture fell 1.7% in the premarket after Piper Sandler downgraded the consulting firm's stock to "underweight" from "neutral." Best Buy (BBY) – The electronics retailer's stock added 1.6% in the premarket after Goldman Sachs upgraded it to "neutral" from "sell." Gap (GPS), Tapestry (TPR), Levi Strauss (LEVI) – Goldman Sachs upgraded Gap and Tapestry to "buy" from "neutral" while downgraded Levi Strauss to "neutral" from "buy." Gap added 2.7% in the premarket, with Tapestry up 2% and Levi Strauss losing 1.2%.
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