Grocery Outlet pins profit, sales bump on ‘treasure-hunt’ feel

Grocery Outlet Holding Corp. stock gained more than 10% late Tuesday after the company’s first quarterly results after its June initial public offering blew past Wall Street expectations and the off-price grocer also predicted a rosier 2019. Grocery Outlet GO, +0.16% said it lost $10.6 million, or 15 cents a share, in the second quarter, versus earnings of $7.3 million, or […]

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Kraft Heinz stock sinks 14% after preliminary report shows more than $1.2 billion in first-half impairment charges

Kraft Heinz Co. shares fell 14.5% in early Thursday trading after the food company released preliminary first-half results, indicating a steep earnings decline and more than $1.2 billion in impairment charges. The company also announced that it would not meet the deadline for filing its 10-Q with the Securities and Exchange Commission. Kraft Heinz KHC, -6.09% said net income more […]

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America is snacking its way to prosperity, and I’m doing my part

Finally, I am doing my bit for global economic growth. I don’t drive my car much, avoid devices and apps, and rarely travel. My wife and I have even cut back on dining out and going to the movies. But one thing I do in daily abundance is consume snacks — pretzels, animal crackers, pistachios, more pretzels, chocolate bark, cinnamon […]

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Lyft stock spikes after earnings report, but then calms down

Shares of Lyft Inc. spiked as much as 11% in after-hours trading Wednesday following a surge in sales and a forecast for stronger annual revenue, but the gains quickly calmed down. Lyft LYFT, +2.71% reported record quarterly revenue of $867.3 million, up 72% from the same quarter a year ago, easily outpacing analysts’ average forecast of $809 million. The San Francisco-based […]

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Papa John’s returns to profit

Papa John’s International Inc. reported its first quarterly profit since last year, but the company is still struggling to lift sales from its locations in the U.S. and Canada following a host of controversies. Louisville, Ky.-based Papa John’s on Tuesday said it had a profit of $8.4 million in the second quarter, down from $11.2 million a year earlier. Earnings […]

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Ask us: on savings, investments and health insurance

Q. I had been investing via SIP since November 2018. The duration of my investment is one year. What should I do with my capital when the duration gets completed so that I can earn or save more? Vaibhav A. We suppose you are viewing your systematic investment plans (SIPs) in mutual funds (MFs) like FDs (fixed deposits). In FDs […]

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Fluor’s stock suffers biggest-ever fall to 15-year low after another surprise large loss

Shares of Fluor Corp. plummeted to a 15-year low Friday, after the engineering and construction company reported a another surprise large loss and revenue that fell well below expectations, and pulled its full-year outlook. The stock’sFLR, -26.66%  26.8% dive was also its biggest one-day percentage selloff since it started trading in December 2000. It surpassed the previous record drop of […]

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