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CMG Jun 2024 1880.000 call
| Previous close | 790.36 |
| Open | 790.36 |
| Bid | 832.00 |
| Ask | 849.90 |
| Strike | 1,880.00 |
| Expiry date | 2024-06-21 |
| Day's range | 790.36 - 790.36 |
| Contract range | N/A |
| Volume | |
| Open interest | 18 |
- Yahoo Finance Video
Why value needs to be the main focus for fast food restaurants
As inflationary pressures mount, consumer spending has shown signs of slowing, with fast-food and fast-casual dining chains feeling the pinch. Joining Market Domination to discuss the importance of value within the restaurant industry are Bernstein Senior Analyst for U.S. Restaurants Danilo Gargiulo and UBS Executive Director of Equity Research Dennis Geiger. Gargiulo acknowledges that attracting customers has become "incrementally harder," with "traffic slowing down across the entire industry." He emphasizes that chains need to "be mindful" of ensuring value is a core component of their offerings. However, for giants like McDonald's (MCD), which operate under a franchise model, the question of profitability for individual franchisees and aligning their interests arises. Geiger echoes the sentiment, noting "an industry slowdown" within the quick-service restaurant and fast-food sectors. He attributes this trend to a variety of factors, including price increases, the broader inflationary environment, and even tightening consumer budgets. Regardless of the root causes, Geiger asserts that "there's softness" in consumer demand, particularly among lower-income consumers. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
ZacksYUM! Brands' (YUM) Stock Down on Q1 Earnings & Revenues Miss
YUM! Brands (YUM) first-quarter 2024 results are hurt by dismal KFC and Pizza Hut sales.
PR NewswireREAL FOOD FOR REAL HEROES: CHIPOTLE SERVES UP MORE THAN $1 MILLION IN FREE BURRITOS TO THE HEALTHCARE COMMUNITY
Chipotle Mexican Grill (NYSE: CMG) announced today it will recognize the healthcare community by awarding 100,000 healthcare workers with free burrito e-cards, equivalent to over $1 million in free food*. Over the past several years, the brand has given away more than $5 million in free Chipotle to healthcare professionals.
