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Feb 2, 2024
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we'll see what this month brings on that front. >> kate rogers, live from a factory.'ll see you soon >>> all right. coming up, 2024 is off to a busy start for activist investors this name became a target, shares are down over 50% over the past year. does this mark the start of a turn around? it's our mystery chart, coming up next. keep it right here in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. ♪♪ sofi is helping me get my money right to achieve my ambitions. like earning more money on my money as a head chef. ready for service? ♪♪ bank with sofi to earn a higher apy and an epic welcome bonus. >>> you know, i think it's okay to hold, it but if it breaks three 3:50, it's a cell. >> okay, danielle, forgive me for this,
we'll see what this month brings on that front. >> kate rogers, live from a factory.'ll see you soon >>> all right. coming up, 2024 is off to a busy start for activist investors this name became a target, shares are down over 50% over the past year. does this mark the start of a turn around? it's our mystery chart, coming up next. keep it right here in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so,...
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Feb 21, 2024
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kate rogers spoke with the ceo and joins us now with more kate >> the newburger is made with avocado 60% less saturated fat than previous iterations, along with a shorter ingredient list. it will be sold in retail to start this spring, but the ceo says he believes consumers will want to see it in restaurants in the future the company has worked with stanford university school of medicine with registered dietitians as it retooled the product. he believes that this message will resonate with consumers take a listen. >> i think you have seen over the last several years a consolidation, and the category contracted and they exited today, there really is an open playing field where we can bring new innovation in and communicate with less noise. in this case, we're putting a lot of energy into delivering the message to the consumer that they can take significant steps toward their health and toward the health of the planet by consuming beyond meat. >> now, it could be an uphill battle plant based products had a boom during the pandemic, but sales of january on a year-over-year basis. that r
kate rogers spoke with the ceo and joins us now with more kate >> the newburger is made with avocado 60% less saturated fat than previous iterations, along with a shorter ingredient list. it will be sold in retail to start this spring, but the ceo says he believes consumers will want to see it in restaurants in the future the company has worked with stanford university school of medicine with registered dietitians as it retooled the product. he believes that this message will resonate...
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Feb 13, 2024
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. >>> let's get the headlines with kate rogers. hi, kate. >>> officials from the u.s., egypt, israel and qatar will meet in cairo to work on a truce in gaza as israel has been pressured to hold off on its planned assault on raffah. egypt has made it clear it will not accept any refugees over the border. estonia's prime minister is on a wanted list in russia for removing soviet era world war ii monuments in the country. names were reported on the list and includes other baltic officials and lawmakers as they pull down monuments from soviet occupation. >>> the cdc is expected to ease covid isolation guidelines that people won't need to isolate once they've been fever free for 24 hours and if their symptoms are mild or improving according to "the washington post" saying easing up on isolation rules wouldn't impact transmission because of the very high viral circulation. scott, back over to you. >> kate, appreciate that. kate rogers. >>> coming up, more committee moves. stephanie link adding a big retailer ahead of earnings next week.
. >>> let's get the headlines with kate rogers. hi, kate. >>> officials from the u.s., egypt, israel and qatar will meet in cairo to work on a truce in gaza as israel has been pressured to hold off on its planned assault on raffah. egypt has made it clear it will not accept any refugees over the border. estonia's prime minister is on a wanted list in russia for removing soviet era world war ii monuments in the country. names were reported on the list and includes other baltic...
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Feb 14, 2024
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back over to you. >> our thanks to kate rogers. time now for your morning call sheet.h the restaurant space. bernstein believes wing stop is in a category of 1 in a limited service restaurant space with potential to be the next domino's. that's quite a description there. shares of wingstop up almost half a percent. >>> this time on rbc capital's first solar with a $100 price target. it's its top pick for solar equipment supplier with strong visibility. those shares up almost 2%. also we've got piper sandler raising its rates on citigroup on overweight. a pullback in shares has created a more attractive entry point. those shares up almost 1.5% this morning. >>> time for your global briefing. we're starting with japan's sony reporting records earnings in your report. the company says it plans to spin off its financialed by next year and keep a stake of just under 20%. shares of sony, down about a half a percent. heineken forecasting low to high single digit profit growth this year due to geopolitical and economic uncertainty. the dutch brewer has been raising prices in t
back over to you. >> our thanks to kate rogers. time now for your morning call sheet.h the restaurant space. bernstein believes wing stop is in a category of 1 in a limited service restaurant space with potential to be the next domino's. that's quite a description there. shares of wingstop up almost half a percent. >>> this time on rbc capital's first solar with a $100 price target. it's its top pick for solar equipment supplier with strong visibility. those shares up almost 2%....
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Feb 8, 2024
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kate rogers has more. >> stake holders prioritize employee issues this year, so those were given the heaviest right in the just 100 ranking. hp number 21 when it comes to workers issues. there were three priorities, making up 42% of the final score. first, paying a fair living wage, most important issue for the fourth year running. second, that the company creates jobs this the u.s., and third that it prioritizes accountability to all stake holders. it's no surprise to see the american public paying attention. 2023 was a big year for the labor movement. nearly 500,000 workers went on strike last year according to cornell university, twice the 2022 number. autoworkers, actors and hollywood writers saw big gains, and momentum will continue this year. across every demographic just surveyed, politics, race, gender, age and income, americans were united in wanting companies to prioritize workers as the most important stake holder. leading are bank of america, citi group, nvidia and jpmorgan. i cover the restaurant sector and i looked for names in that space. the only name in that sector i
kate rogers has more. >> stake holders prioritize employee issues this year, so those were given the heaviest right in the just 100 ranking. hp number 21 when it comes to workers issues. there were three priorities, making up 42% of the final score. first, paying a fair living wage, most important issue for the fourth year running. second, that the company creates jobs this the u.s., and third that it prioritizes accountability to all stake holders. it's no surprise to see the american...
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Feb 6, 2024
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back over to you. >> all right, kate rogers.nk you very much. >>> courtney, what is your view on chipotle. >> i don't have a lot of bad to say about chipotle. it looks good compared to its competitors. their foot traffic is impressive. but is that valuation which you pointed out that i think will be a little bit problematic. it's priced to perfection. so we are seeing over the restaurant space in general consumers are pulling back. that's one of the fastest things people pull back on, cook more at home, eat out less. more importantly when you look at further forward guy dance, if chipotle is pulling back at all, given what's happening in the bigger space that will likely impact their pricing. i would proceed with caution as we go into earnings. >> little caution on cmg. thank you very much. appreciate it. >> thank you for having me. >>> china's president meeting with stock regulators in hopes of regulating markets and chinese stocks higher. those details are coming up next. personalized financial advice from ameriprise can do mo
back over to you. >> all right, kate rogers.nk you very much. >>> courtney, what is your view on chipotle. >> i don't have a lot of bad to say about chipotle. it looks good compared to its competitors. their foot traffic is impressive. but is that valuation which you pointed out that i think will be a little bit problematic. it's priced to perfection. so we are seeing over the restaurant space in general consumers are pulling back. that's one of the fastest things people...
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Feb 27, 2024
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kate rogers has the details.elievable move here, at one point soaring near 100%, near this mixed quarter. in terms of guidance, revenues came in above estimates. gross margins for the year, though, they are expected to be in the mid to high teens range for the full year. the company has undertaken a major review of its business and exiting some product lines like jerky and making changes to pricing, with tiered pricing on the way to help restore its margins. the ceo said on the earnings call, it is also restructured and consolidated its production network. beyond did introduce a new healthier burger for retail and grocery stores that brown believes will help woo customers back to the brand. i spoke to ethan brown about this, he seemed extremely optimistic that the health changes, making it with avocado oil and shortening the ingredients list and getting out there with a more health conscious message would be the thing to bring consumers back to the brand. >> what's the primary message for beyond meat? people who
kate rogers has the details.elievable move here, at one point soaring near 100%, near this mixed quarter. in terms of guidance, revenues came in above estimates. gross margins for the year, though, they are expected to be in the mid to high teens range for the full year. the company has undertaken a major review of its business and exiting some product lines like jerky and making changes to pricing, with tiered pricing on the way to help restore its margins. the ceo said on the earnings call,...
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Feb 22, 2024
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thank you, kate rogers. >>> okay. coming up, grin and bear it. china is going to send a pair of giant pandas to the united states. we will tell you where. >>> and how one dance class is helping seniors to put a pep in you'll find them in cities, towns and suburbs all across america. millions of americans who have medicare and medicaid but may be missing benefits they could really use. extra benefits they may be eligible to receive at no extra cost. and if you have medicare and medicaid, you may be able to get extra benefits, too, through a humana medicare advantage dual-eligible special needs plan. call now to see if there's a plan in your area and to see if you qualify. all of these plans include doctor, hospital and prescription drug coverage. plus, something really special, the humana healthy options allowance. your allowance. to help pay for essentials like eligible groceries, utilities and rent. even over-the-counter items. and whatever you don't spend gets carried over to the next month. plus, with a humana medicare advantage dual-eligible
thank you, kate rogers. >>> okay. coming up, grin and bear it. china is going to send a pair of giant pandas to the united states. we will tell you where. >>> and how one dance class is helping seniors to put a pep in you'll find them in cities, towns and suburbs all across america. millions of americans who have medicare and medicaid but may be missing benefits they could really use. extra benefits they may be eligible to receive at no extra cost. and if you have medicare and...
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Feb 5, 2024
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it is tough to make the outright, negative case. >> rough day, kate rogers, for mcdonald's.nt, what is going on? >> that price got a mixed quarter for mcdonald's, eps was a beast, but the company's revenues missed, costs coming in below estimates in all segments. globally, up 50.4%, in the u.s., they were up 4.3%. and a key storyline over here, international developmental licenses saw sales increased by 0.7%. that one was far below the projected increase of 5%. the segment did have positive pops in all geographic locations, with the exception of the middle east, which was impacted by the war, as ceo -- warned of last month. kaczynski also laying out interesting commentary on the call on the consumer saying the company still sees some pressure with the consumer at 45,000 and under annual incomes. that cohort actually decreased in the most recent quarter, as groceries have become more affordable. but the company is getting share with middle and high income earners, but value really in focus for all customers across -- we will hear more from chipotle tomorrow to hear what they
it is tough to make the outright, negative case. >> rough day, kate rogers, for mcdonald's.nt, what is going on? >> that price got a mixed quarter for mcdonald's, eps was a beast, but the company's revenues missed, costs coming in below estimates in all segments. globally, up 50.4%, in the u.s., they were up 4.3%. and a key storyline over here, international developmental licenses saw sales increased by 0.7%. that one was far below the projected increase of 5%. the segment did have...
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Feb 27, 2024
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. >>> kate rogers joins us now. >>> family dollar stores was ordered to pay 41 $.6 million fine for using a rat-infested warehouse to distribute food, cosmetics and medical devices to hundreds of stores across the south. the fine is the largest criminal penalty of a food safety case after the fda found the arkansas warehouse had a massive infestation of rats in 2022. >>> macy's is closing 150 of i understand underperforming department stores as it plans to open smaller stores. >>> and for majority of americans, talking about personal finances is harder than talking about religion. 47% of adults it's harder than discussing their romantic life, the survey found that the belief of money as a private topic for fears of being judged has kept people from discussing it. >> i thought that was changing. i thought the young people were okay. >> that's fair. >> don't you guys get together and have meeting about your money. >> rather talk about romantic life apparently. >>> all right, kate rogers, thank you. >> thank you. >> thank you. >>> coming up a rare phenomena captured at a national park a fire
. >>> kate rogers joins us now. >>> family dollar stores was ordered to pay 41 $.6 million fine for using a rat-infested warehouse to distribute food, cosmetics and medical devices to hundreds of stores across the south. the fine is the largest criminal penalty of a food safety case after the fda found the arkansas warehouse had a massive infestation of rats in 2022. >>> macy's is closing 150 of i understand underperforming department stores as it plans to open...
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Feb 6, 2024
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kate rogers. burrito blowout. >> no, no, that's a blowout. and mr.nichols is a huge "fast money" fan -- >> you would know? >> everybody here in terms of blowouts, i would know. listen, 300 new stores this year. operating margins much better than expected. restaurant margins, much better than expected. the eps was an absolute blowout and now they're integrating technology -- >> auto-cado. >> i can't say that but good for them. margins will continue to improve. i think digital is now 36% of overall revenues. that's a good sign. look, i mean -- >> going to buy it? >> that's the question, right? do you buy it here? >> look at that chart. >> 47 times, i mean -- >> it's like nvidia, eli lilly. >> it's always been expensive. mcdonald's, they rue the day they spun out chipotle. >> yeah, i mean, a lot to love, right? same-store sales, unit growth, ticket growth, all of that great. it all comes down to the same thing. this happens every single time. we talk about snap being all over the place, chipotle is almost never all over the place. they're always better,
kate rogers. burrito blowout. >> no, no, that's a blowout. and mr.nichols is a huge "fast money" fan -- >> you would know? >> everybody here in terms of blowouts, i would know. listen, 300 new stores this year. operating margins much better than expected. restaurant margins, much better than expected. the eps was an absolute blowout and now they're integrating technology -- >> auto-cado. >> i can't say that but good for them. margins will continue to...
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Feb 1, 2024
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back over to you >> all right, kate, thank you. kate rogers.it was just yesterday we were talking about sketchers pickleball shoes i guess they didn't sell enough of those or the kinds of shoes that you slip on, you don't have to bend down and tie the laces >> can i suggest -- >> yes >> you will ask -- a would you rather for guy >> all right >> oh, sketchers pickleball shoes or just a nice pair of flury uggs -- >> you have to wear one. >> that is the stock sorry >> what are you going to do? and maybe with a pair of shorts. >> i wouldn't wear uggs. and those crocs -- just by process of elimination by the way, sketchers the stock, we can laugh all we want, it made an all-tile high the other day. i get it, but if you look, inventories are down, i think, 14.5% year over year, 15.9%, i'm telling you, the operating margins, if they didn't get this quarter, they might get this quarter. >>> all right, we're getting some more color out of amazon's conference call. let's get back to kate rooney with more. >> ceo andy jassy is getting into the generative
back over to you >> all right, kate, thank you. kate rogers.it was just yesterday we were talking about sketchers pickleball shoes i guess they didn't sell enough of those or the kinds of shoes that you slip on, you don't have to bend down and tie the laces >> can i suggest -- >> yes >> you will ask -- a would you rather for guy >> all right >> oh, sketchers pickleball shoes or just a nice pair of flury uggs -- >> you have to wear one. >> that is...
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Feb 5, 2024
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our kate rogers has the key numbers to watch. >> mcdonald's is set to report before the opening bell. 2.$2.82. same store sales are in focus on all markets, but particularly in the u.s. so overall, same store sales are increasing in the u.s. and 5.1% in the international operating markets. the weather impact on sales is key as well as the impact of the war in the middle east. the ceo warned that several markets in the middle east and outside the region are experiencing a meaningful business impact due to the war and associated misinformation that is impacting mcdonald's. how it plays out is of note. updates on the cosmics launch in illinois is interesting. high demand for the beverage and snacks spinoff that mcdonald's is testing. the mcdonald's stock is up fractionally so far this year. back to you. >> joining me now is bank of america's senior restaurant analyst. sara, good morning. >> good morning. >> the first time you came on was the last day of the grimace shake and today is the first day of the shamrock shake. >> we love our shakes. >> give us your expectation and rating and pr
our kate rogers has the key numbers to watch. >> mcdonald's is set to report before the opening bell. 2.$2.82. same store sales are in focus on all markets, but particularly in the u.s. so overall, same store sales are increasing in the u.s. and 5.1% in the international operating markets. the weather impact on sales is key as well as the impact of the war in the middle east. the ceo warned that several markets in the middle east and outside the region are experiencing a meaningful...
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Feb 22, 2024
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it knows it knows what to do when tyler's talking to you let's go to kate rogers for a cnbc news update did you like that, kate? >> incredible. good to see you. the medical report on russian opposition leader alexei navalny's cause of death was listed ed as "natural" accordino a spokesperson for the navalny family, who said his mother relayed the information. his mother also said that she was secretly taken to the morning to see her son's body and was being blackmailed by the russian government to have a secret funeral for him >>> the u.s. supreme court has allowed a $2.4 billion settlement between the boy scouts of america and victims of sex abuse to move forward. this lifted a temporary pause that froze the settlement to give the time to request from victims. >>> a container ship crashed into a bridge in china early today, causing a part of the bridge to fall into the river, leaving two people dead. authorities are looking into the cause of that crash. tyler, back over to you. >> amazing kate, thank you. >>> coming up, we'll talk thin tech and big media in the earnings exchange. the n
it knows it knows what to do when tyler's talking to you let's go to kate rogers for a cnbc news update did you like that, kate? >> incredible. good to see you. the medical report on russian opposition leader alexei navalny's cause of death was listed ed as "natural" accordino a spokesperson for the navalny family, who said his mother relayed the information. his mother also said that she was secretly taken to the morning to see her son's body and was being blackmailed by the...
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Feb 28, 2024
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. >> let's bring in kate rogers. has been covering this story for a while over at starbucks. >> this is certainly a really big move here between the union and starbucks, agreeing to this framework. i want to make sure that we drive home, this is starbucks committing to extend some of these tenure-based annual raises to employees in union-represented stores, and also offering the credit card tipping option that was given to their non-union stores back under howard schultz in 2022. at the time, schultz and the starbucks team said that they couldn't make unilateral changes at unionized stores, because contracts needed to be negotiated, if the union was going to be able to access some of these new benefits instituted under schultz. remember, the union has organized store by store individually, so starbucks needs to negotiate these contracts at individual stores. they are just under 400 locations that have opted to unionize of its 16,000-store, including licensed locations, footprint across the united states. the fact tha
. >> let's bring in kate rogers. has been covering this story for a while over at starbucks. >> this is certainly a really big move here between the union and starbucks, agreeing to this framework. i want to make sure that we drive home, this is starbucks committing to extend some of these tenure-based annual raises to employees in union-represented stores, and also offering the credit card tipping option that was given to their non-union stores back under howard schultz in 2022. at...
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Feb 13, 2024
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. >>> let's get other to kate rogers for a cnbc news update. hey, kate. >>> hey, court.sident biden called on the house of representatives to quickly take up the supplemental aid bill, saying opposing it and the ukraine aid is playing into putin's hands and blasted former president trump's comments, criticizing nato. >>> nato will reportedly announce tomorrow that most of its member nations will hit defense spending targets this year. that's according to a report in the financial times, which says the alliance will report that 18 of 31 members will hit the target of spending 2% of gross gdp on defense and that it expects two thirds of the alliance to hit -- eventually hit that goal in 2024. and in an iconic sight visible after nearly five year. the new spire top notre dame cathedral finally revealed a it have 2019 fire that nearly destroyed it. the original spire crumbled as the flames engulfed the cathedral. >> wonderful thing to see that go back up. that was a frightening day. thank you, kate. >>> we'll continue to watch all the market action as you see there the dow d
. >>> let's get other to kate rogers for a cnbc news update. hey, kate. >>> hey, court.sident biden called on the house of representatives to quickly take up the supplemental aid bill, saying opposing it and the ukraine aid is playing into putin's hands and blasted former president trump's comments, criticizing nato. >>> nato will reportedly announce tomorrow that most of its member nations will hit defense spending targets this year. that's according to a report in...
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Feb 15, 2024
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kate rogers covers mcdonald's for cnbc. what are you learning, kate? >> i contessa.ald's franchise the advocate speaking out on the company's plans to continue to make mcdonald's a destination for value and discounts, they agree with the goal but have some different ideas of how to get there. cnbc obtained a copy of a letter from the national owners association, that's a independent advocacy group of not mcdonald's franchisees. the letter responded to some -- recent earnings calls as ceo -- lower income consumers were pulling back somewhat and that value offers like they needed to bring them back. they said -- not a new or unique message, value has always been at the our brands core. that you should not be discounting our decor and iconic menu items. the groups points to opportunities like bringing back snaps and testing out affordable beverages as a way to lure in consumers. mcdonald's for his own part says -- and that franchisees continue to create impressive returns which average -- with average cash flow rather up nearly 15% near 2018, and even when accounting fo
kate rogers covers mcdonald's for cnbc. what are you learning, kate? >> i contessa.ald's franchise the advocate speaking out on the company's plans to continue to make mcdonald's a destination for value and discounts, they agree with the goal but have some different ideas of how to get there. cnbc obtained a copy of a letter from the national owners association, that's a independent advocacy group of not mcdonald's franchisees. the letter responded to some -- recent earnings calls as ceo...
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Feb 16, 2024
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. >> already, let's go over to kate rogers shall, we for cnbc news update. kate. >> hi there tyler.iden is traveling to east palestine ohio this afternoon, as he faces criticism for not going there sooner. it has been just over a year since he train derailed in the small village and built toxicological's. the white house plans to build a visit to -- federal railway safety legislation that stalled in congress following that derailment. prosecutors dropped a domestic violence charge against boston bruins star this afternoon. they said the decision by his wife to invoke spousal privilege and refused to testify made it possible for them to prove their case beyond a reasonable doubt. it also came after a judge also ruled her 9-1-1 call following the alleged assault was inadmissible in court. a stolen base qatar that belonged to paul mccartney has been found following a five decade search. a campaign called the lost base project tracked the iconic guitar, which someone stole from a van in 1972, to a family in southern hastings, england. mccarthy used the guitar and countless live shows, a
. >> already, let's go over to kate rogers shall, we for cnbc news update. kate. >> hi there tyler.iden is traveling to east palestine ohio this afternoon, as he faces criticism for not going there sooner. it has been just over a year since he train derailed in the small village and built toxicological's. the white house plans to build a visit to -- federal railway safety legislation that stalled in congress following that derailment. prosecutors dropped a domestic violence charge...
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Feb 8, 2024
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let's get over to kate rogers. >> hey, tyler.rguments are over in -- the majority of supreme court justices today seem to indicate deep skepticism that colorado has the power to remove former president trump from the ballot because of his actions trying to overturn the 2020 election results. the high court took the case on an expedited basis and a ruling is expected within weeks. the mandatory retirement age for pilots will remain at 65, at least for now. the senate commerce committee today voted not to raise it to 67, the committee also approved legislation that increases safety inspector and air traffic control staffing. and a federal judge today denied peter navarro's request to stay out of prison while he appeals his conviction on contempt of congress, the former trump trade adviser was sentenced to four months in january, the jet age said the in less than an appeals court steps in he must report when ordered by the bureau of prisons. back over to you, tyler. >> i'll take it over here, kate, thank you very much for that. in t
let's get over to kate rogers. >> hey, tyler.rguments are over in -- the majority of supreme court justices today seem to indicate deep skepticism that colorado has the power to remove former president trump from the ballot because of his actions trying to overturn the 2020 election results. the high court took the case on an expedited basis and a ruling is expected within weeks. the mandatory retirement age for pilots will remain at 65, at least for now. the senate commerce committee...
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Feb 22, 2024
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shares up more than 3% today kate rogers has the dish on some of these hot stocks and the trends within hey there, carl those two restaurants getting a nice pop after earnings yesterday. we'll start with wing stop as you mentioned, that stock closing up almost 8%, hitting an all-time high. the company reporting a very impressive same-store sales growth number, up 21.2% in its domestic stores in q-4, up more than 18% in the full year for 2023 it is doing so in part thanks to higher transaction volume, which is a rarity in the restaurant industry wing execs noting that consumers are looking for quality and value. it is prioritizing that moving ahead and seeing continued improvements, as it has been disciplined with its price increases. and over at cheesecake factory, also reporting better than expected same-store sales, up 2.5% that stock closing higher. analysts noting that the company has seen menu pricing moderate asinflation has begun to start coming down. cake's menu pricing went from 10.4% in q-1 to 7.3% in the most recent quarter it said this comes as cpi reports have noted grocery
shares up more than 3% today kate rogers has the dish on some of these hot stocks and the trends within hey there, carl those two restaurants getting a nice pop after earnings yesterday. we'll start with wing stop as you mentioned, that stock closing up almost 8%, hitting an all-time high. the company reporting a very impressive same-store sales growth number, up 21.2% in its domestic stores in q-4, up more than 18% in the full year for 2023 it is doing so in part thanks to higher transaction...
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Feb 20, 2024
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kate rogers has the details. >> all about that guidance, tyler. despite a beat on the top and bottom lines, palo alto networks down 20% inthe jach hours trade. the company issued weaker than expected guy dance for revenue and billings. it is guiding to full-year total billings lower than its previous guidance of $10.7 billion and $10.8 billion. it expects revenue to range between 7.95 to 8 billion. that goes back to 8.15 to 8.2 billion. analysts expecting the company to guide to fiscal third quarter revenue of 2.04 billion, but palo alto expects revenue to range between 1.95 billion and 1.98 billion, so, lower there than anticipated. palo alto's ceo will join jim cramer on "mad money" tonight. much more to come. back over to you. >> kate, thank you. let's trade palo alto, beginning you with. >> it's the guide. basically, three months of gains, ish, from early december, wiped out like this in terms of the move we've seen in the last ten minutes, which we say it all the time, stairs up, elevator down. it's the guide. when you're trading at 53 times
kate rogers has the details. >> all about that guidance, tyler. despite a beat on the top and bottom lines, palo alto networks down 20% inthe jach hours trade. the company issued weaker than expected guy dance for revenue and billings. it is guiding to full-year total billings lower than its previous guidance of $10.7 billion and $10.8 billion. it expects revenue to range between 7.95 to 8 billion. that goes back to 8.15 to 8.2 billion. analysts expecting the company to guide to fiscal...
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Feb 15, 2024
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kate rogers looking into the story and joins us with more. hi, kate. >> hi, becky. good morning. in the middle east and u.s., also a flurry of chatter on opportunity and challenges ahead in china. starbucks reported same-store sales growth 10% in china. second home market. the company's ceo did note chinese consumer is currently a bit more cautious. it's leaning into being premium offering for chinese coffee drinkers competing less on value than lower-priced competitors. starbucks is playing long game in the market with more than its 6,500 stores aimed to hit 9,000 in the years to come. mcdonald's another major u.s. brand planning to expand more in china. ceo has says it could one day be the company's large market in the world. plans to add about 7,000 locations in its international developmental licence market segment with more than half planned for china. currently it has about 5,500 locations there. young china, on the other hand, stellar quarter. kfc parent saw 2023 annual sales climb 21%. currently serving one-third of the chinese population, but aiming to get to half of the
kate rogers looking into the story and joins us with more. hi, kate. >> hi, becky. good morning. in the middle east and u.s., also a flurry of chatter on opportunity and challenges ahead in china. starbucks reported same-store sales growth 10% in china. second home market. the company's ceo did note chinese consumer is currently a bit more cautious. it's leaning into being premium offering for chinese coffee drinkers competing less on value than lower-priced competitors. starbucks is...
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Feb 5, 2024
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mcdonald's just crossing the wires and cnbc's kate rogers joins us with those numbers. >> good morninge fast food giant for q4, eps a beat at 2.90 adjusted. revenues coming in at a slight miss, 6.41 billion versus estimates of 6.45 billion. comps coming in below estimates this all segments, globally up 3.4% versus estimates of 4.7 pr %. u.s. market comps were up 4.3%. the company said strong average check growth driven by strategic menu price increases. mcdonald's pointed to effective menu and marketing campaigns like kerwin frost mcnugget buddies. international markets saw sales increase by 0.7%. the segment did have positive comps in all geographic locations with the exception of the middle east, which was impacted by the war the ceo had warnld of last month. its international operating market sales increased 4.4%, lower than the 5.1% increase projected. the performance had strong comps in most markets led by the uk but negative comps in france. mcdonald's reported its full-year results with global concept 9% for 2023 and up over 30% since 2019. the stock is up just fractionally year
mcdonald's just crossing the wires and cnbc's kate rogers joins us with those numbers. >> good morninge fast food giant for q4, eps a beat at 2.90 adjusted. revenues coming in at a slight miss, 6.41 billion versus estimates of 6.45 billion. comps coming in below estimates this all segments, globally up 3.4% versus estimates of 4.7 pr %. u.s. market comps were up 4.3%. the company said strong average check growth driven by strategic menu price increases. mcdonald's pointed to effective...
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Feb 20, 2024
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kate rogers joins us now with more on that. good morning. >> good morning, andrew. company's board of implementing, quote, one of the most glaring and destructive examples of human capital mismanagement in modern u.s. history. in response to the union movement. the coalition is pushing to replace three members of the starbucks board, claiming it's diminished shareholder returns, and isolated customers. the soc commissioned a nielsen poll of recent starbucks customers. two-thirds responding that they would be less likely to visit starbucks if the company broke federal labor law. this compares to 54%, who said that they would be less likely to visit stores in the face of price increases. the presentation says the company has underperformed its peers, down 6% versus median gains of 10.6%, for a cohort, including chipotle and mcdonald's, including those since unionization efforts began through november of 2023, when the soc launched its campaign. using a different cohort and time frame, starbucks argued that it outperforms a broader peer group, which includes dominos, r
kate rogers joins us now with more on that. good morning. >> good morning, andrew. company's board of implementing, quote, one of the most glaring and destructive examples of human capital mismanagement in modern u.s. history. in response to the union movement. the coalition is pushing to replace three members of the starbucks board, claiming it's diminished shareholder returns, and isolated customers. the soc commissioned a nielsen poll of recent starbucks customers. two-thirds...
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Feb 1, 2024
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. >> jennifer rogers, as always, thank you so much. kate. >>> coming up for us, nikki haley is heading home as a new poll shows her just how long the road ahead may be against donald trump. >>> and here is dr. sanjay gupta with today's chasing -- >> hey, there. i'm dr. sanjay gupta, host of chasing life podcast. journalling is a great way to track your habits, both the positive ones and the ones you want to work on. years ago, i spent a week just keeping a detailed journal of everything i did and everything i of my own life and i learned a lot about myself, like when i do my best writing. it's in the morning, and foods that inspire me, pickles. i'm not sure why pickles. probably my microbiome, but the point is i learned this through journaling. it helped me structure my days for success. for anyone looking to improve their focus and productivity, and even get some insights about themselves, start by simply keeping track. there's no one right way to do it. some people write for a few minutes every day. others weekly. others just when th
. >> jennifer rogers, as always, thank you so much. kate. >>> coming up for us, nikki haley is heading home as a new poll shows her just how long the road ahead may be against donald trump. >>> and here is dr. sanjay gupta with today's chasing -- >> hey, there. i'm dr. sanjay gupta, host of chasing life podcast. journalling is a great way to track your habits, both the positive ones and the ones you want to work on. years ago, i spent a week just keeping a detailed...
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Feb 13, 2024
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kim rogers is here with that.orning. >> small business optimism falling two points in january to 89.9, as sales expectations dampen to start the year along with earnings trends. now, the top issue for small businesses last month, labor quality. inflation actually slid to number 2. 39% of owners reported job openings that they couldn't fill in january. that's down one point from december. it's also the lowest reading on that metric in three years. the industries with the highest job openings were construction and manufacturing along with non-professional services. inflation, as mentioned, the number two issue. in terms of top issues this month, while it's still in focus for small business owners, it's down by 50% from its peak in 2021. and more owners are reporting that they're lowering selling prices at the highest level since 2020. chief economist bill dunk lberg said in his commentary last month, small business owners can't set economic policy, they can only respond to policy changes, interest costs are still si
kim rogers is here with that.orning. >> small business optimism falling two points in january to 89.9, as sales expectations dampen to start the year along with earnings trends. now, the top issue for small businesses last month, labor quality. inflation actually slid to number 2. 39% of owners reported job openings that they couldn't fill in january. that's down one point from december. it's also the lowest reading on that metric in three years. the industries with the highest job...