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"Consumers continue to be even more discriminating with every dollar that they spend as they faced elevated prices in their day-to-day spending," McDonald's CEO Chris Kempczinski said on the company's conference call in late April. Paul Weaver | SOPA Images | Getty ImagesFor more than two years, consumers have dealt with sharply rising prices. But that doesn't mean the actual prices seen on grocery store shelves or restaurant menus will fall, and shoppers are feeling that pinch. While some CEOs have said that consumers are growing more cautious, others — like those in the airline industry — have celebrated strong and persistent spending. Corporate misfires can also lead to disappointing sales, even if their shoppers aren't necessarily pulling back on their spending.

Persons: Chris Kempczinski, Burger, Paul Weaver, Jerome Powell, Aurelia Concepcion, Concepcion, it's, Joe Raedle, Brett House, John David Rainey, Ramon Laguarta, Ed Bastian, We're, Daniel Slim, Brian Niccol, Calvin McDonald, Laxman Narasimhan, Sara Senatore, Spencer Platt Organizations: DAL, Washington Post, Home, Delta Air Lines, Consumers, of Labor, CPI, KFC, Starbucks, Columbia Business School, Walmart, Finance, CNBC, PepsiCo, Gatorade, Pepsi, United, Delta Airlines Boeing, Owen Roberts International, AFP, Getty, Delta, Target, Bank of America Locations: Manhattan, Bloomsburg , Pennsylvania, New York, Georgia, Ohio, Miami , Florida, U.S, Delta, Europe, Asia, Japan, George Town, Cayman Islands, New York City

☆ The lunch rush is dead as Americans live for the weekend
▼ + stars: | 2024-05-19 | by ( J.J. Mccorvey | Haley Messenger | ) www.cnbc.com time to read: +6 min

These signs point to a new normal for Americans' post-pandemic leisure spending, which has stayed resilient despite the higher costs of going out. In 2023, 1.88% of the food and drink transactions Square processed took place between 11 a.m. and noon on Saturdays, up from 1.60% in 2019. Nowhere was the shift toward evening and weekend spending starker than in Boston, one of 23 major cities Square analyzed. There, a 10.1% decline in weekday lunch transactions was more than offset by 10.3% and 1.6% increases in weekend and happy hour transactions, respectively. "I don't really prioritize drinking during the weekdays," Louie said, and his weekend leisure spending "is quite inconsistent."

Persons: That's, Ara Kharazian, Brunch, Kharazian, Sara Senatore, AJ Kurban, Kurban, it's, Soojin Lee, Cornell University's Nolan, Young, They're, Senatore, I'm, Nicholas Louie, Louie Organizations: University of Toronto, ARA, Bank of America, Cornell University's, Cornell University's Nolan School of Hotel Administration, Covid Locations: U.S, workdays, Boston, Brooklyn, Manhattan, York

☆ Starbucks has 'a branding issue' due to social media, says BofA's Sara Senatore
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStarbucks has 'a branding issue' due to social media, says BofA's Sara SenatoreSara Senatore, Bank of America senior restaurant analyst, joins CNBC's 'The Exchange' to discuss the demand from former Starbucks CEO Howard Shultz for a company revamp, how the coffee chain can improve operations, and more.

Persons: BofA's Sara Senatore Sara Senatore, Howard Shultz Organizations: Bank of America

☆ Howard Schultz says Starbucks needs to revamp its stores after big earnings miss
▼ + stars: | 2024-05-06 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023. The answer does not lie in data, but in the stores," Schultz wrote in a letter on Sunday evening posted to LinkedIn. He appeared to offer advice to his successor as he tries to turn the chain's sales around. "Leaders must model both humility and confidence as they work to restore trust and increase performance across the organization," Schultz wrote. A year and a half ago, Schultz told CNBC that he does not plan to come back as Starbucks' chief executive again.

Persons: Howard Schultz, Schultz, Sara Senatore, Laxman Narasimhan, Reckitt Organizations: Starbucks Corp, Health, Education, Labor, Starbucks, LinkedIn, Bank of America Securities, CNBC Locations: Washington , DC, U.S, East

☆ Fast food feels more expensive than ever before, and people are sick of it. Here's why.
▼ + stars: | 2024-05-04 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

Analysts say fast-food prices feel particularly painful because they're rising faster than grocery prices. Fast-food prices have been shooting upRestaurant prices are determined by "two major categories" — food costs and labor costs, Citi analyst Jon Tower told BI. Related storiesFast-food chains put up their menu prices to reflect the higher food costs and payrolls. AdvertisementGrocery inflation is coolingFast food seems particularly expensive right now because grocery inflation is cooling much more rapidly, analysts BI spoke to said. AdvertisementBut the inverse is also true — grocery stores benefit much more than restaurants when food inflation cools.

Persons: —, Jim Sanderson, Jon Tower, Sharon Zackfia, William Blair, Price, Danilo Gargiulo, Bernstein, Gargiulo, they've, Garguilo, Sara Senatore, Chad Frye Organizations: Analysts, Service, Northcoast Research, Citi, US Bureau of Labor Statistics, Bank of America Locations: Russia, Ukraine, California

☆ Analysts bail on Starbucks with 2 downgrades, slashed price targets. 'Stunning across-the-board miss,' says Blair
▼ + stars: | 2024-05-01 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

But Deutsche kept its $89 price target, which suggests the stock could gain just 0.6%, as of Tuesday's close. Starbucks stock hasn't logged a positive year since 2021. Bank of America's Sara Senatore maintained her buy rating and $108 price target, which implies roughly 22% potential upside — a fairly bullish aim compared with other firms. Underpinning Senatore's stance is her expectation that Starbucks' earnings growth will reaccelerate in 2025, fueled by traffic-driving initiatives, such as more menu innovation and operational improvements. JPMorgan analyst John Ivankoe kept his overweight rating but moved his price target lower to $92 from $100.

Persons: William Blair, Sharon Zackfia, Zackfia, Lauren Silberman, Deutsche, Wells, Bank of America's Sara Senatore, Laxman Narasimhan, John Ivankoe Organizations: Starbucks, Deutsche Bank, JPMorgan, UBS, Bank of America, Bank of America's Locations: Tuesday's, U.S, China, Wells Fargo, Israel

☆ BofA's Sara Senatore explains why she's still bullish on Starbucks after major earnings miss
▼ + stars: | 2024-05-01 | 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 EmailBofA's Sara Senatore explains why she's still bullish on Starbucks after major earnings missSara Senatore, Bank of America, joins 'Fast Money' to share the bull case to Starbucks after the stock plummeted on disappointing earnings.

Persons: Sara Senatore, she's Organizations: Starbucks, Bank of America

☆ Fast food prices have been 'justified' in terms of underlying cost inflation: BofA's Sara Senatore
▼ + 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 EmailFast food prices have been 'justified' in terms of underlying cost inflation: BofA's Sara SenatoreSara Senatore, BofA Securities senior analyst, joins 'Squawk Box' to discuss the rapid fast food inflation, whether rising prices will begin to hurt sales, and more.

Persons: Sara Senatore Sara Senatore Organizations: BofA Securities

☆ People are really annoyed about the price of fast food
▼ + stars: | 2024-04-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Fast food is getting more expensive, and Americans are annoyed about it. Diners told BI they're cutting back on how often they get fast food because of rising prices. AdvertisementBut cheaper fast food may be some way off. Experts say it could have a ripple effect on wages across the fast food industry nationwide, meaning that your favorite spots could become even pricier. The main reason Rodriguez gets fast food is the taste, he said.

Persons: —, Sara Senatore, Dunkin, Warren Colehour, Chad Frye, Artur Widak, Frye, Martin Jennings, it's, Chipotle, James R, Martin, Ben Heyworth, Burger King, He's, Del, Richard McConnell, Ricardo Rodriguez, Rodriguez Organizations: Service, Bank of America, McDonald's USA, Getty, Subway, Consumers, McDonald's Locations: Ukraine, McDonald's, Kentucky, California, Florida, Olive, Burger, Oregon

☆ Here's what might happen after California raises fast-food wages to $20, from higher burger and pizza prices to better wages for retail workers
▼ + stars: | 2024-03-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +6 min

AdvertisementBurgers, tacos, and pizzas will get more expensiveDiners should expect to pay more as fast-food restaurants put menu prices up to offset higher wages. But restaurants already paying workers higher wages will feel less of an impact from the new legislation. Jon Tower, an analyst at Citi, said the higher prices could be hard for some diners to accept. However, higher wages at McDonald's, Subway, and Burger King will likely prompt other employers to offer higher pay so they can compete for labor. AdvertisementPeople will have more money to dine outAs fast-food workers' wages increase, they'll actually have more disposable income to spend dining out.

Persons: —, Gavin Newsom, It's, Jack, Sharon Zackfia, William Blair, Andy Barish, Sara Senatore, Chris Kempczinski, they're, Jon Tower, Barish, Zackfia, Burger, Danilo Gargiulo, Bernstein, Matt Clark Organizations: Service, Golden State, Gov, Jefferies, Bank of America, Citi, Bureau of Labor Statistics Locations: California, McDonald's

☆ Wednesday analyst calls: JPMorgan downgrades New York Community Bancorp, Eli Lilly gets big boost
▼ + stars: | 2024-02-07 | by ( Pia Singh | ) www.cnbc.com time to read: +8 min

Troubled regional bank New York Community Bank faced a downgrade from JPMorgan, which said NYCB is facing a multitude of challenges. The firm upped its price target for the drug maker to $850, all the way from $200. Wells Fargo : Analyst Zachary Fadem kept his overweight rating and raised his target price by $200 to $2,800, implying 12.5% upside for shares. "After speaking to management, we confirmed these two executives had indeed left the company, wrote JPMorgan analyst Steven Alexopoulos. NXP's stock price is down 2.9% for the year, but still higher than 15% over the past 12 months.

Persons: Eli Lilly, Eric Gonzalez, Gonzalez, Wells, Zachary Fadem, Sara Senatore, Chipotle, — Pia Singh, JPMorgan downgrades, Steven Alexopoulos, Alexopoulos, John Melloy, Vivek Arya, Arya, Robyn Karnauskas, Karnauskas, Zepbound Organizations: CNBC, New York Community Bank, JPMorgan, Pharma, Truist Securities, Semiconductors, Bank of America, KeyBanc, Barclays, New York Community Bank JPMorgan, New, Community Bank, Financial Times, Bloomberg News, New York Community Bancorp, Battery Management Systems, Food and Drug Administration Locations: Wells Fargo, Tuesday's

☆ Consumers are still spending, especially on restaurants, says Sara Senatore
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are still spending, especially on restaurants, says Sara SenatoreSara Senatore, Senior Restaurant Analyst at Bank of America, discusses earnings from McDonald's and Chipotle.

Persons: Sara Senatore Sara Senatore Organizations: Consumers, Bank of America

☆ BofA's Sara Senatore on McDonald's earnings beat: Same-store sales growth a reflection of price hike
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Sara Senatore on McDonald's earnings beat: Same-store sales growth a reflection of price hikeSara Senatore, BofA Securities senior restaurants analyst, joins 'Squawk Box' to discuss McDonald's quarterly earnings results, which beat analyst earnings and revenue expectations, the state of the restaurant sector at large, and more.

Persons: Sara Senatore Organizations: BofA Securities

☆ McDonald's latest earnings results outperform estimates amid price hikes. What the pros say
▼ + stars: | 2023-10-30 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's latest earnings results outperform estimates amid price hikes. What the pros sayJim Cramer, Sara Senatore of Bank of America, Kathryn Kaminski of AlphaSimplex Group, and David Palmer of Evercore ISI discussed McDonald's after the company reported third-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, Sara Senatore, Kathryn Kaminski, David Palmer Organizations: Bank of America, AlphaSimplex, Evercore ISI

☆ Bank of America's bull case for Starbucks despite a mixed third quarter
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America's bull case for Starbucks despite a mixed third quarterSara Senatore, Senior Research Analyst at Bank of America, discusses Starbucks' Q3 earnings report and what's next for the company.

Persons: Sara Senatore, what's Organizations: Email Bank, Starbucks, Bank of America

☆ Earnings playbook: How to trade some of the biggest reports this week, including Apple
▼ + stars: | 2023-07-31 | by ( Fred Imbert | ) www.cnbc.com time to read: +8 min

This quarter: Analysts polled by FactSet expect Merck to post a loss for the first quarter. Starbucks is set to report earnings after the bell, with management slated to hold a call at 5 p.m. This quarter: Analysts polled by FactSet expect double-digit earnings growth quarter over quarter. What history shows: Bespoke data shows Amazon earnings exceed earnings expectations 62% of the time. Apple is set to report earnings after the close, followed by a call at 5 p.m.

Persons: Goldman Sachs, Annika Kim Constantino, Merck, Merck's, Joe Biden's, SBUX, Bank of America's Sara Senatore, Senatore, Albert Bourla, —, They're, AMZN, FactSet, Annie Palmer, Morgan Stanley, Erik Woodring, — CNBC's Michael Bloom Organizations: Netflix, Merck, Apple, FactSet, CNBC, Prometheus Biosciences, Investment, Bank of America's, Pfizer, Management, Amazon Web Services, IDC Locations: China, 2Q23, New York, Carolina, Friday's

☆ Bank of America: Expecting strong same-store sales growth from McDonald's, driven by IP leverage
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of America: Expecting strong same-store sales growth from McDonald's, driven by IP leverageSara Senatore, Senior Analyst at Bank of America, discusses restaurant stocks, including McDonald's and Chipotle Mexican Grill.

Persons: Sara Senatore Organizations: Email Bank of America, Bank of America Locations: McDonald's

☆ Wall Street believes this one stock was the biggest earnings winner ... and it's not tech
▼ + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

It's still early in the earnings season, but Wall Street thinks burrito chain Chipotle is the biggest winner. The firm raised its price target to $1,800 from $1,550, which was about 1% upside compared to Tuesday's closing price. He added that his firm "can't find any flaws in the results" and raised its price target to $2,175 per share from $1,825. Senatore increased her price target on the stock to $2,200 per share from $1,850. Wells Fargo also hiked its price target on the burrito chain to $2,050 from $1,900.

☆ Restaurants are expected to post strong earnings, but signs of trouble ahead could emerge
▼ + stars: | 2023-04-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

As restaurants prepare to present their first-quarter earnings, investors are anticipating strong results. When restaurants released their fourth-quarter reports in February, many touted impressive sales growth in January. Starting in the second quarter, restaurants will face comparisons to last year's sales bump driven by double-digit price increases, so they'll have to depend on higher traffic to drive sales growth. The relatively high valuations for restaurant stocks bring a downside for the industry, McCarthy said. Morgan Stanley's Harbour wrote that stocks could fall even on solid results "if the path forward is less clear."

☆ Burger King’s secret weapon against McDonald’s is the Whopper
▼ + stars: | 2023-04-22 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

The plan is still in early stages: Burger King has invested $40 million as of the end of last year. At US Burger King locations open at least 13 months, sales jumped 5% in the quarter, thanks in part to the burger. “I don’t know what his place might be in the future.”The fast food war heats upFor Burger King, the Whopper is more than just a burger. But even if the Whopper isn’t all that different from other fast food burgers, it’s the one Burger King has got. For Burger King, “the challenge is you’re competing against McDonald’s, and McDonald’s is really good,” said Senatore.

☆ Bank of America asked its analysts for their top 2023 picks—Here are the stocks
▼ + stars: | 2023-01-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Stocks are off to a hot start for the year, and Bank of America analysts think some buy-rated names in their coverage universe can carry that momentum through the rest of 2023. Still, Bank of America asked its analysts to break down their top picks for 2023. "Upside risks are if the commercial aerospace and business aviation jet recoveries are better than expected, earnings could fare better than our projections," Bank of America noted. Bank of America has a price target of $120 per share, implying upside of about 20% from Monday's close. Domino's Pizza The world's largest pizza delivery company was chosen by Bank of America due to its promising growth potential.

☆ Amazon, Charles Schwab and Domino's: These are some of analysts' top picks for 2023
▼ + stars: | 2023-01-08 | by ( Fred Imbert | ) www.cnbc.com time to read: +5 min

Despite the uncertainty surrounding the market to start the new year, Wall Street analysts see several stocks they like going forward. CNBC Pro combed the top 2023 picks from nine research firms to find the most common stocks between them. AMZN 1Y mountain Amazon in past year Another top pick shared among several analysts is brokerage Charles Schwab . "We like Schwab going into 2023 because of the downside protection and multiple avenues of upside it offers," wrote JPMorgan's Kenneth Worthington. Domino's Pizza , meanwhile, was named a top pick at Bank of America and BTIG after a tough year.

☆ Bank of America unveils the most 'attractive' must-own stocks for 2023
▼ + stars: | 2023-01-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America analysts said this week there are several stocks every investor must own for 2023. CNBC Pro combed through Bank of America research to find its top stocks to own this year. Bank of America says China reopening is a positive catalyst likely to send Starbucks shares higher. Shares are up more than 25% over the last six months and Bank of America calls Tapestry one of its best ideas for 2023. Tapestry "Tapestry remains a top pick given our view of its sustainable pricing power and solid capital return plan.

☆ Bank of America picks for the first quarter include Domino's Pizza and this luxury retailer
▼ + stars: | 2023-01-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

As the new calendar year kicks off, Bank of America is recommending several stocks to bet on in the new quarter. That market volatility is far from over, with Bank of America expecting little upside for the S & P 500 in 2023. Here are some of the stocks included: Consumer discretionary stocks suffered in 2022 as fears of a slowdown in spending loomed. Bank of America expects those tailwinds to continue, projecting more than 12% upside for the Ivory soap maker, compared with Friday's close. Humana was another 2022 outperformer that Bank of America recommends for the first quarter, with shares rallying more than 10% last year.

☆ Krispy Kreme Outlines Plans to Automate Doughnut Production, Reduce Debt
▼ + stars: | 2022-12-16 | by ( Kristin Broughton | ) www.wsj.com time to read: +4 min

Krispy Kreme Inc. is laying out a plan to cut debt, boost revenue and improve profitability, nearly a year and a half after its return to the public markets. Josh Charlesworth, CFO of Krispy Kreme. Krispy Kreme expects to generate $2.15 billion in revenue by the end of the 2026 fiscal year, up 41% from its projected revenue this year, including by expanding to new markets. “There’s a lot of manual intervention behind the scenes,” said Mr. Charlesworth, who also serves as global president and chief operating officer, discussing doughnut production. “We’re in pretty good shape on that score, thanks to locking in rates before the recent increases,” Mr. Charlesworth said.

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