Chipotle’s Turnaround Gains Momentum as CEO Plots New Course

Chipotle Mexican Grill Inc. is demonstrating that its recent momentum may be more than a blip. The restaurant chain posted same-store sales that beat estimates in the second quarter, as new Chief Executive Officer Brian Niccol starts to apply the lessons he learned at his former employer, Taco Bell. Chipotle also said margins improved at its restaurants and boosted the […]

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Papa John’s founder sues pizza chain

NEW YORK (Reuters) – John Schnatter, the founder and ousted former chairman of Papa John’s International Inc (PZZA.O), on Thursday sued the pizzeria chain, complaining that the company had not provided adequate response to an earlier request for internal documents. FILE PHOTO: John Schnatter (R) arrives at the 2011 American Music Awards in Los Angeles November 20, 2011. REUTERS/Danny Moloshok/File […]

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Microsoft Q4 Profit Beats View On Strong Cloud Results

Software giant Microsoft Corp. (MSFT), Thursday reported an increase in profit for the fourth-quarter that also trumped Wall Street’s estimates, as cloud business continues to soar. Redmond, Washington-based Microsoft reported fourth-quarter profit of $8.87 billion or $1.14 per share, up from last year’s $8.07 billion or $1.03 per share. Adjusted earnings for the quarter rose to $1.13 per share from […]

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Barbie Is on a Roll: The Good News From Mattel’s Dismal Quarter

Hidden within Mattel Inc.’s announcement of plunging sales and massive layoffs were two bright spots that may be the key to the toymaker’s turnaround — and they’ve been around for a combined 100-plus years. Barbie, the 59-year-old doll that’s Mattel’s biggest brand, had a 12 percent jump in sales in the second quarter, its third straight gain. Hot Wheels, which […]

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The 10 most and least educated cities in the United States 

The Department of Education, the Georgetown Center on Education and the Workforce and the Lumina Foundation all predict that around 65 percent of all jobs in the United States will require some post-secondary education by 2020. With just 17 months until 2020, the U.S. labor force will likely fall short. According to most recent figures from the U.S. Census, just […]

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What to Watch in Chipotle’s Q2

Chipotle Mexican Grill Inc. (NYSE: CMG) is preparing to release its second quarter financial results after the markets close on Thursday. The consensus estimates are $2.81 in earnings per share (EPS) and $1.26 billion in revenue, which compare with the $2.32 per share and $1.17 billion posted in the same period of last year. The burrito chain recently announced that […]

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Should Celgene Be Getting More Love?

When Celgene Corp. (NASDAQ: CELG) released its most recent quarterly results before the markets opened on Thursday, the biotech giant said that it had $2.16 in earnings per share (EPS) and $3.81 billion in revenue. The consensus estimates from Thomson Reuters had called for $2.11 in EPS on $3.7 billion in revenue. In the second quarter of last year, Celgene […]

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