56-year-old fast-food giant has closed over half its restaurants
Long John Silver’s, a 56-year-old seafood fast-food chain, has closed over half its restaurants, dropping from a peak of 1,081 locations to approximately 494 as of the latest count.
Hims and Hers shares fall 10% as FTC sues company over data, billing practices
Hims and Hers shares declined 10% after the FTC sued the telehealth company over allegations of misleading consumers regarding data privacy, billing practices, and subscription cancellations.
Starbucks stock jumps as coffee giant raises full-year outlook
Starbucks raised its full-year earnings outlook after reporting fourth consecutive quarter of same-store sales growth, with shares jumping more than 9% in extended trading.
Chipotle hikes same-store sales forecast as diners return for burrito bowls
Chipotle raised its 2026 same-store sales forecast to low single-digit growth after beating analyst expectations, signaling success in winning back customers despite inflationary pressures.
Qualcomm to raise prices during memory crunch as chipmaker issues light earnings guidance
Qualcomm reported in-line fiscal third-quarter earnings but provided light forward guidance due to memory supply constraints, announcing price increases beginning September 1.
Carvana stock falls 15% as auto retailer’s 2026 earnings guidance misses Wall Street’s expectations
Carvana’s stock fell 15% after the auto retailer provided full-year earnings guidance between $2.7 billion and $3 billion, disappointing Wall Street expectations ranging up to $4.45 billion.