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"If You Don"t Know What"s On The Thanksgiving Menu, It"s You"

"If You Don't Know What's On The Thanksgiving Menu, It's You" By Michael Every of Rabobank If you wanted to embody how the turkeys running things react when confronted with the fact that they voted for Thanksgiving and Christmas, it would be Bankman-Fraud being invited to speak at a New York Times event next week alongside Yellen, President Zelenskiy, and Ben Affleck/Batman. Alleged harems, billions of dollars in client money missing, and public accusations it was used as a personal and political piggy bank? Hey – have a seat alongside the global elite (and Batman) to say sorry and tell us about all the good things you did! Madoff obviously wasn’t available. If only this nonsense were a one-off, but the market heads into the US Thanksgiving holiday in fine mood because ‘the Fed minutes were dovish’, confirming their wrong-all-year view. Yet the compromise between Fed doves, who are there, and Fed hawks, who are running things, is that while the pace of hikes will slow, the ultimate level of rates will be higher. If I carve you with a smaller knife, but more times, is that ‘dovish’? Try ‘turkey-ish’! Philip Marey, well ahead of the Street in calling a 5% peak, has his view here: he thinks 50bp is coming in December, but rates aren’t going down at all until 2024. That’s a sour cranberry, or real stuffing for some turkeys given Treasury yields fell after the minutes, and the dollar sold off. Note the RBNZ flirted with 100bp yesterday before going a record 75, and are saying their overnight cash rate needs to hit 5.5%, even at the cost of 3-quarter recession. Yes, rates are contractionary there – and they want them to be: “Spend wisely this Christmas,” said Governor Orr as he signed off, literally encouraging Kiwis to not be turkeys, and to save, not spend. Likewise, the BOC governor just told parliament that Canadian rates need to rise even higher because inflation is not under control. Again, note the absence of turkeys. In China, there is buzz about another cut in banks’ reserve requirement ratios (RRR). There are still turkeys who think this matters despite umpteen RRR cuts already to no effect. As Covid cases soar, lockdowns intensify, and footage of unrest emerges at the world’s largest iPhone factory, Bloomberg asks, ‘Is a Wealth Tax How Xi Fills China's Empty Coffers?’ Months ago Western investment banks were piling into ‘wealth management opportunities’; now, some are slashing jobs after seeing only ‘poultry’ returns. Relatedly, Bloomberg flagged ‘High-Yield Party Returns to Emerging Markets Too Cheap to Ignore’ earlier this week; how long until the ‘Oops, They Got a Lot Cheaper’ headline emerges? In Europe, ECB speakers were generally hawkish. However, European politicians said ‘yelp’ – which is what a turkey says, as well as having the more regular meaning of surprise/panic. From January, Germany will start a “double-kaboom” policy. Not losing to two late goals in football, which the rest of Europe would love, but a EUR200bn gas and electricity subsidy, which Europe won’t. Households and SMEs will see gas prices capped at 12 EUR cents gross/KwH for 80% of their previous consumption until April 2024, and electricity at 40 EUR cents/KwH. For industry, the gas cap is 7 EUR cents net for 70% of consumption, and electricity is 13 EUR cents plus taxes, levies, and surcharges. Notably, Germany has already faced EU anger over the fact that it can afford to save itself while others can’t: with Germans looking after Germans in this crisis, which Germans looking after Germans got the EU into, expect EU knives to be sharpened. Moreover, Politico says ‘EU plans subsidy war chest as industry faces ‘existential’ threat from US’, noting: “If it weren't enough that energy prices look set to remain permanently far higher than those in the US thanks to Russia's war in Ukraine, US President Joe Biden is also currently rolling out a $369 billion industrial subsidy scheme to support green industries under the Inflation Reduction Act. EU officials fear that businesses will now face almost irresistible pressure to shift new investments to the US rather than Europe. EU industry chief Thierry Breton is warning that Biden's new subsidy package poses an "existential challenge" to Europe's economy. The European Commission and countries including France and Germany have realized they need to act quickly if they want to prevent the Continent from turning into an industrial wasteland… the EU is now working on an emergency scheme to funnel money into key high-tech industries.” In short, the EU will resist US mercantilism; which is resisting Chinese mercantilism; which Europe has had no issue with for decades. Yet Europe overlooks that they are the least prepared bloc for such a realpolitik backdrop: talk about turkeys voting for Christmas! Indeed, they are saying they will push back against pro-EU President Biden while: Running large twin deficits, as the German fiscal deficit is about to get much larger due to the “double-kaboom”, which smells like a potential market Cluster-Truss; The EU energy crisis is only being tempered by imports of LNG from the US; The EU are reliant on US weapons to fight the must-win war in Ukraine; The EU are reliant on exports to the US; and The EU are reliant on Eurodollar swaplines from the US to maintain financial stability at a time when the Fed is raising rates, which it still is. More realistically, the EU also announced a gas price cap that does not actually cap gas prices; and the G7 announced a Russian oil price cap that does not actually cap the price of Russian oil. On energy, gas prices are low now, but will only rise over 2023. Oil prices are sending a clearer signal, but wait and see what happens if the Fed does what the market wants for Christmas. I have kept saying that when we see long US yields go down and commodities tumble it will mean something: we are seeing that now. Yet yelp all you want, but that is not compatible with a weaker dollar. If the US is in trouble, try being everyone else with a lag. Mercantilism is a force very much on the US side, and is as much a story for 2023 as any ‘pivots’. As they say, if you don’t know what’s on the Thanksgiving menu – it’s you. Tyler Durden Thu, 11/24/2022 - 20:15.....»»

Category: smallbizSource: nytNov 24th, 2022

Sam Bankman-Fried-linked townhouse in Washington, DC, goes on sale for $3.28 million after hosting political gatherings with vegan-heavy menus

This is one of many properties the crypto founder could offload as authorities seize hundreds of millions in assets, the NY Post reports. Sam Bankman-Fried.Jeenah Moon/Reuters A $3.28 million Washington, DC, townhome with ties to Sam Bankman-Fried was listed for sale, reports say. The 4,100 square-foot property has hosted political gatherings that featured vegan-heavy menus, per the NY Post. Federal prosecutors have seized $700 million in assets and cash connected to Bankman-Fried, court filings show. A Washington, DC, townhome with ties to disgraced FTX founder Sam Bankman-Fried was just listed for $3.28 million, the New York Post and Realtor.com reported.The 4,100-square-foot property features four bedrooms, five bathrooms, an elevator, a temperature-controlled wine fridge, double walk in closets, and a gas fireplace. The listing reads: "This home is your golden goose for a treasure they say money can't buy: more time, thanks to the low-travel commute to concentrations of employment. This stately abode is a great Washington DC charmer in the highly desirable Capitol Hill neighborhood. Your future self will thank you for acting fast on this one!"The home is likely one of many real estate assets that Bankman-Fried may offload as federal prosecutors seize $700 million in assets from the fallen crypto king, per the New York Post and Friday court filings. Last week, authorities said the assets consisted of more than $500 million worth of Robinhood stock with the rest in cash and crypto assets.Guarding Against Pandemics, a nonprofit run by Bankman-Fried's brother Gabe, purchased the property last April at the same price of its current listing.Just prior to the collapse of FTX in November, the property was the location for two back-to-back parties, per the Post, with one hosting Democrats and the other for Republicans — and both reportedly with a vegan-heavy menu.In December, a lawyer in the Bahamas denied Sam Bankman-Fried's lawyer's request for his release from prison because of his vegan diet, CoinDesk reported.Meanwhile, Bankman-Fried is under house arrest at his parents' $4 million property in Palo Alto, California, as he awaits his October trial to begin. He has pleaded not guilty to fraud charges in the Justice Department's criminal case. Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 24th, 2023

The Fight Over Non-Competes Is Heating Up. The FTC Must Stand Strong

Non-compete clauses have no place in labor markets, argues Sandeep Vaheesan On January 5, the Federal Trade Commission announced a policy initiative that could be a major boon for labor. It proposed to ban non-compete clauses for all workers—no exceptions. These contracts bind tens of millions of workers today across nearly all occupations. The FTC estimated its proposed prohibition could increase workers’ collective earnings by as much as $300 billion per year. The FTC’s proposal did not come easily or quickly. In March 2019, a broad public interest and labor coalition, led by the Open Markets Institute (where I work) and included the AFL-CIO, Public Citizen, and SEIU, petitioned for this rule—a petition lauded by two of the Democrats on the four-member Commission in their statement supporting the FTC’s proposal. Since the submission of our petition, we repeatedly urged the FTC to initiate action. President Joe Biden gave the effort a big boost when he encouraged the FTC to regulate non-compete clauses in a July 2021 executive order. [time-brightcove not-tgx=”true”] But the real fight is just beginning. The proposed rule opened a public comment period that ends on Monday, March 20 in which we can all submit comments (including anonymously). After the close of this window, the FTC will review all the comments and publish a final rule, incorporating and responding to the input it receives. Employers and their trade associations have already attacked the proposal and will lobby to weaken the FTC’s final rule. And they will certainly challenge the rule in court. The FTC, however, must hold the line and do everything it can to deliver a win for all workers in the United States. Non-compete clauses have no place in labor markets. These contracts prevent workers from leaving for greener employment pastures and starting their own businesses. In its thoroughly researched proposal, the FTC described the negative effects of non-compete contracts in rich detail. They depress labor market mobility and reduce wages and wage growth (regardless of whether employers can or do enforce them in court) and contribute to racial and gender wage gaps. This negative effect extends even to the very top of the income scale. Economic analysis found that non-competes depress compensation for chief executive officers. If CEOs, who typically hire lawyers to negotiate their employment contracts and enjoy significant bargaining power, cannot protect themselves from the adverse effects of non-competes, what hope do the rest of us have? Further, non-compete clauses shore up the power of dominant corporations by closing off paths to entrepreneurship and restricting workers’ ability to move from big businesses to small firms. The common justification for non-competes does not withstand scrutiny. Employers insist they need these contracts to protect, among other things, their investment in training workers and trade secrets. As legal scholar Viva Moffat wrote, however, non-competes are “the wrong tool for the job.” Employers have superior means of retaining workers and safeguarding business information. As we have seen of late, employers can and should attract and keep workers by paying good wages, offering better benefits, and improving working conditions—not by locking them up through contractual restraints. To protect trade secrets and other proprietary information, employers have several legal tools, such as trade secret law and tailored non-solicitation agreements. Further, while some legal protection of information encourages the production of creative works and inventions, which is why Congress enacted the copyright and patent laws, too much protection, through non-competes or other means, can impede the important sharing and synthesis of knowledge and knowhow that drive technological advancement. Because it deprives them of an important tool to control workers, corporate interests will fight an FTC rule. Many employers would much rather use non-compete clauses than pay higher wages to retain staff. Industry trade associations wasted no time expressing their opposition to the FTC’s proposal. On the day the FTC announced its proposed ban, the U.S. Chamber of Commerce called the FTC’s action “blatantly unlawful” and asserted “noncompete agreements are an important tool in fostering innovation and preserving competition.” Voices less hostile or even sympathetic to FTC action against non-competes will cite legal risk as a reason to weaken the final rule. A diluted, alternative rule might protect only a segment of the workforce, such as low-wage workers, or permit employers to offer justifications for using non-competes. To be sure, the courts today are generally against progressive administrative action. The Supreme Court has manufactured new legal doctrines that give itself and judges on the lower courts broad authority to strike down regulations and other administrative actions they do not like. An FTC rule is far from certain to survive a judicial challenge. Opponents of the rule will have no shortage of possible legal arguments. In her dissenting statement against the proposal, Christine Wilson, the one Republican commissioner at the FTC, served up a menu of theories to those who want to challenge an eventual rule in court. Yet, given the abundant evidence supporting the FTC’s proposal, the threat of judicial invalidation is not enough to justify a watered-down final rule. Indeed, the factual record presented by the FTC makes anything short of a complete ban hard for the agency to defend. Finessing the rule in an attempt to win over judges ideologically opposed to FTC action on non-competes is unlikely to succeed and more likely to produce disappointment and disenchantment among supporters of the FTC in Congress and the broader public. Instead the FTC (and other regulators contemplating big moves) should do the right thing, forcing judges’ hand and making them do things that are bad for the public and unpopular, if they so choose. This would make the practical consequences of judicial supremacy even more clear for everyone. Reining in the awesome power of the courts calls for direct confrontation, not defensiveness and timidity. The fight over the future of non-compete clauses in the U.S. has begun in earnest. During the ongoing public comment period on its proposed rule, the FTC will hear from supporters and opponents. People from all walks of life will share their experiences with non-compete clauses, including forsaking opportunities for raises and career advancement, not pursuing entrepreneurial dreams, finding a new line of work, and being forced to stay in abusive and discriminatory work environments. Their stories will likely only further strengthen the FTC’s case for a complete ban on these coercive contracts. Despite the intense pressure it will face from some of the most powerful interests in the country, the FTC, following the comment period, should quickly make clear it is on the side of working people and enact a complete ban on non-compete clauses......»»

Category: topSource: timeJan 24th, 2023

Top Analyst Reports for AstraZeneca, NextEra Energy & Boeing Company

Today's Research Daily features new research reports on 16 major stocks, including AstraZeneca PLC (AZN), NextEra Energy, Inc. (NEE) and The Boeing Company (BA). Monday, January 23, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including AstraZeneca PLC (AZN), NextEra Energy, Inc. (NEE) and The Boeing Company (BA). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>AstraZeneca shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+21.4% vs. +16.2%). The company’s key drugs, mainly cancer medicines, Lynparza, Tagrisso and Imfinzi should keep driving revenues. Its pipeline is strong with several phase III data readouts lined up.AstraZeneca has also been engaged in external acquisitions and strategic collaborations to boost its pipeline while investing in geographic areas of high growth like emerging markets. The Alexion buyout strengthens its immunology franchise, adding several drugs that are boosting its top line.However, AstraZeneca’s diabetes franchise faces stiff competition while pricing pressure hurts sales in the respiratory unit. Sales are slowing down in its key market, China. Estimate movement is mixed ahead of the Q4 earnings release. The company has a positive record of earnings surprises in the recent quarters.(You can read the full research report on AstraZeneca here >>>)NextEra Energy shares have outperformed the Zacks Utility - Electric Power industry over the past six months (+1.0% vs. -2.3%). The company continues to expand its operations through the efficient execution of organic projects and acquisitions. The company currently has many renewable projects in its backlog and their completion will ensure reduced emissions.The merger of Gulf Power and FPL strengthens NextEra’s position in Florida.FPL’s customer base is expanding as Florida’s economy improves and its services become more reliable. Expanding customer base continues to boost demand for its services. NextEra has ample liquidity to meet its near-term debt obligations.However, the nature of its business is subject to complex federal, state and other regulations. Risk in operating nuclear units, unfavorable weather conditions and an increase in supply costs adversely impact earnings.(You can read the full research report on NextEra Energy here >>>)Shares Boeing Company have outperformed the Zacks Aerospace - Defense industry over the past year (+1.2% vs. -8.8%). The company remains the largest aircraft manufacturer in the United States in terms of revenue, orders and deliveries. Lately, the company has been witnessing solid recovery in its commercial business, particularly in domestic air traffic.The outlook for its defense business also remains optimistic, buoyed by solid U.S. budgetary amendments. It also holds a strong solvency position in the near term.  However, the 737 MAX is yet to return to service in China thus impacting its expectation of delivery timing and future gradual production rate increases.Boeing continues to face production quality issues for its 787 program. Boeing incurred cumulative abnormal costs of $1.4 billion through September 2022 and expects to incur nearly $2 billion for the 787 program.(You can read the full research report on Boeing Company here >>>)Other noteworthy reports we are featuring today include BP p.l.c. (BP), The PNC Financial Services Group, Inc. (PNC) and Centene Corporation (CNC).Director of ResearchSheraz MianNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>Today's Must ReadCancer Drugs Aid AstraZeneca (AZN) Sales Amid China ImpactSteady Investment & Renewable Focus Aid NextEra Energy (NEE)Military Business Aids Boeing (BA), Supply Chain Issue WoesFeatured ReportsBP to Benefit From Renewable Energy Project in AustraliaPer the Zacks analyst, BP is well-poised to gain from Australia's renewable energy project. The project can be the world's leading producer of green hydrogen. Yet, its rising debt level is concerning.PNC Financial (PNC) Rides on From Higher Net Interest IncomePer the Zacks analyst, PNC Financial is riding on growing interest income. The company is well-poised to grow on the back of its diverse revenue mix.Centene (CNC) Rides on Growing Revenues Amid Rising CostsPer the Zacks analyst, solid Medicaid business, several contract wins and acquisitions continue to drive the company's revenues. However, elevated expenses remain a concern.Expansion Efforts to Aid Restaurant Brands (QSR), Costs HighPer the Zacks analyst, Restaurant Brands is likely to benefit from unit expansion efforts, menu innovation and loyalty program. However, labor challenges and inflation pressures are a concern.Veeva Systems (VEEV) Rides on a Slew of Product LaunchesThe Zacks analyst is upbeat about Veeva Systems introducing few products in the market over the past few months despite its operation in a highly competitive market.Kellogg (K) Benefits From Price/Mix Amid High Input CostsPer the Zacks analyst, Kellogg is gaining on solid price/mix, which increased across all regions in third quarter. This works well for the company amid input cost inflation that is likely to persist.Solid Liquidity Boost Booz Allen (BAH) Despite High CapexPer the Zacks analyst, increasing current ratio is desirable as it indicates that Booz Allen is able to meet its short-term obligations. However, high expenses remain concerns.New UpgradesAcquisitions and Expansion Moves Aid Steel Dynamics (STLD)Per the Zacks analysts, acquisitions will expand the company's product portfolio and shipping capabilities. Expansion actions should also add to its capacity and boost profitability.Loan Originations, Earnings Strength Aid Ares Capital (ARCC)Per the Zacks analyst, driven by a rise in demand for customized financing, Ares Capital is poised for investment income growth. Given its earnings strength, its capital deployments seem sustainable.NETGEAR (NTGR) To Benefit from Strong Product PortfolioPer the Zacks analyst, NETGEAR's performance is gaining from continued strength premium in Wi-Fi mesh systems. Also, frequent product launches like Orbi 860 Series are tailwinds.New DowngradesModerna's (MRNA) Overdependence on COVID Jab Revenues A WoeThough Moderna's COVID vaccine sales have significantly boosted its cash resources, the Zacks Analyst is concerned since the company's other pipeline candidates are years away from commercialization.Tight Inventory & Falling Used Car Prices Ail Group 1 (GPI)The Zacks analyst believes that low inventory levels in the new vehicle segment are likely to limit Group 1's top line. Declining average selling prices of used vehicles may further clip margins.GRAIL Buyout Complications Dent Illumina's (ILMN) ProfitThe Zacks Analyst is worried about Illumina's unceasing battle with the European Commission on the GRAIL buyout. These snags are raising legal and goodwill expenses thereby building margin pressure. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report NextEra Energy, Inc. (NEE): Free Stock Analysis Report AstraZeneca PLC (AZN): Free Stock Analysis Report BP p.l.c. (BP): Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report Centene Corporation (CNC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 23rd, 2023

I got a free first-class upgrade on my flight from New York to London. The luxurious perks were absurd.

My free upgrade to first class got me into the exclusive Chelsea Lounge at JFK Airport, complimentary breakfast, and a pre-flight hot towel. Kiera Fields/Insider I flew with British Airways from New York to London and got a free first-class upgrade.  With the upgrade, I could access the newly renovated exclusive Chelsea Lounge in JFK's Terminal 8. I was surprised by some of the luxurious perks like a personal closet and pre-flight hot towels.  I live in London but grew up in Bermuda, where my parents still live. I'm a frequent flyer, and a Silver British Airways member to get double air miles to use toward my regular flights.After a trip home over Christmas, and from there a trip to New York in the first week of January, I was due to fly back to London with British Airways' Club World class on a return ticket. This return ticket from London to NYC usually costs £1,700, or around $2,000.But when I arrived at the check-in desk at JFK on Sunday at 5 a.m. for my 8 a.m. flight, staff told me that I was being upgraded to first class.I looked up the price-comparison site Skyscanner and found first-class single tickets from New York to London with British Airways on sale for between £4,000 and £9,000, or between around $4,874 and $10,968. Gulp.After making it through security, I found myself with an hour to spend in British Airways' new Chelsea Lounge in JFK's Terminal 8, accessible only to people traveling in first class, or American Airlines Business Premier on Flagship flights.  The lounge, which opened in December, is decorated in calming neutral tones, a pleasant balm to the airport chaos outside.Kiera Fields/InsiderThere's a large wrap-around bar fully stocked with a bartender ready to take travelers' orders upon entering the lounge.Kiera Fields/InsiderThe crystal chandelier framing the bar added to the opulence of this exclusive space.Kiera Fields/InsiderA lounge attendant asked whether I would like a complimentary breakfast in their dining area.Kiera Fields/InsiderI declined and sat in the main seating section of the lounge, near the bar.Kiera Fields/InsiderAnother attendant took my drink order and gave me a menu in case I changed my mind and wanted to order anything while I waited.Kiera Fields/InsiderI perused the snack bar and got a glass of water and a glass of fresh orange juice.Kiera Fields/InsiderThe orange juice container had the ice in a plastic tube so it wouldn't dilute the juice, which I'd never seen before.Kiera Fields/InsiderThe breakfast menu was extensive, but I wasn't very hungry at 6:30 a.m.Kiera Fields/InsiderI ordered an acai bowl as I waited for my gate to be announced to take full advantage of the lounge's amenities.Kiera Fields/InsiderStaff called my gate and I boarded the Boeing 777-200 aircraft that British Airways uses for long-haul flights.Kiera Fields/InsiderWhen I got to my seat, I was impressed with the amount of space I had to myself.Kiera Fields/InsiderThe flight attendant referred to me by name, which I thought was a nice touch, and was very friendly. She offered me pajamas and slippers to change into before the plane took off, but I declined as I didn't plan to sleep.Kiera Fields/InsiderThe seat had two pillows, one throw-sized and one full bed-sized pillow. Both were very soft and comfortable.Kiera Fields/InsiderThere was also a blanket and headphones strapped to my footstool.Kiera Fields/InsiderEach chair had a dimmable reading light in a very quaint lampshade that almost felt Parisian.Kiera Fields/Business InsiderThe seat spanned two windows with views of the sunrise.Kiera Fields/InsiderThere was a personal closet space to store my shoes and coat.Kiera Fields/InsiderI had already tossed my jacket in the overheard container, but I imagine this would be great if you're traveling for business.Kiera Fields/InsiderStaff gave me the extensive in-flight menu and took my order before we took off. This surprised me but I later realized it was so staff could serve us our first meal as soon as we reached cruising altitude.Kiera Fields/InsiderThe menu offered 3 courses for each meal, with breakfast served right after take-off and our "light meal" served before landing.Kiera Fields/InsiderI was also offered a drink before takeoff, the flight attendant suggested champagne or orange juice, but I went for water to stay hydrated. The drink came on a linen coaster, another weirdly luxurious quirk.Kiera Fields/InsiderI was also given a toiletry bag decorated in a fun floral print, which felt well-made.Kiera Fields/InsiderThe bag contained a large selection of items including beauty products from Elemis, a high-end cosmetic brand, a pen, an eye mask, socks, a compact mirror, and earplugs.Kiera Fields/InsiderClassical music played overhead before takeoff. I wasn't sure if British Airways pipes music through the whole plane, or just in first class.Kiera Fields/InsiderBefore takeoff, staff offered me a hot scented towel on a little glass plate. Some of the perks, like a towel on a plate, felt a little absurd.Kiera Fields/InsiderFor all my seat's amenities, I couldn't find anywhere easily accessible to put my phone and book during take off. I ended up stashing them in the magazine holder for safekeeping.Kiera Fields/InsiderOnce we were at cruising altitude, I was able to adjust my seat to a more comfortable position. However, I didn't find the dial that controlled the seat very user-friendly.Kiera Fields/InsiderI settled in to watch some of the in-flight entertainment. The TV screen that extends from the inner wall of the seat was large and completely touch-screen.Kiera Fields/InsiderThe complimentary headphones they provided were incredibly good quality, which struck me as bizarre as they are single-use and can only be used in the airplane’s double-pronged headphone jack.Kiera Fields/InsiderWithin half an hour of reaching cruising altitude, the flight attendant came to set my place for breakfast.Kiera Fields/InsiderI was extremely impressed with the restaurant quality of the place setting. My "table" was set with a white linen tablecloth, multiple sets of silverware, and individual salt and pepper grinders.Kiera Fields/InsiderMy coffee came with a milk jug and a sugar dish. I felt like I was in a fancy café.Kiera Fields/InsiderI had the ricotta-and-truffle omelet for breakfast and chose a slice of toast from the bakery basket — croissants and danishes were also available.Kiera Fields/InsiderThe omelet came with mushrooms and tomatoes — a welcome healthy addition. The entire dish required a lot of additional seasoning with salt and pepper, which made me think that, even in first class, airplane food can be bland.Kiera Fields/InsiderI continued watching films for the remainder of my flight. The window blind can also be adjusted to prevent glare on the screen or if you felt like sleeping.Kiera Fields/InsiderTwo and a half hours after breakfast was served, the flight attendant came around with a basket of snacks. I chose some popcorn and a chocolate truffle.Kiera Fields/InsiderFour and a half hours and an entire season of "Derry Girls" later, the "light-meal" service began.Kiera Fields/InsiderI ordered a bulgur-wheat, tomato, and cucumber salad to start and a small loaf of bread from the bread basket.Kiera Fields/InsiderThe flight attendant cleared my salad plate and replaced it with my second course, a "mezze rigatoni" with asparagus sauce and tomatoes.Kiera Fields/InsiderThe sauce was quite soupy, which made it difficult to eat without a spoon, which didn't make it into the array of cutlery my place was set with.Kiera Fields/InsiderI'm glad I had the opportunity to travel first class. I can definitely see the appeal of a seat that becomes a bed, with a turndown service and a large TV screen for an overnight flight or a longer journey. But I can't see myself paying thousands to cross the Atlantic like this again.Kiera Fields/InsiderRead the original article on Business Insider.....»»

Category: worldSource: nytJan 22nd, 2023

"Sober bars" selling fancy mocktails are booming — showing Dry January is more than just a trend as Americans increasingly adopt alcohol-free lifestyles

Sober bar owners told Insider that even though the drinks often cost just as much as their boozy counterparts, customers are still buying. The "Cheeky Coyote" mocktail at Ocean Beach Cafe in San FranciscoOcean Beach Cafe Sober bars are opening across the US, charging the same price for drinks as their boozy counterparts. Owners say the growing popularity of Dry January is great for business. An emerging industry of alcohol-free ingredients is inspiring bartenders to rethink cocktails. Many Americans are taking a break from alcohol this month, igniting a national conversation about sobriety and healthy living. But at sober bars across the country, alcohol-free cocktails are year-round staples and Dry January is more than just a trend. Mixed drinks at many sober bars cropping up in major cities throughout the US are nearly indistinguishable from their boozy counterparts — colorful, well-presented, and packed with interesting flavor. In most cases, a good non-alcoholic cocktail runs about the same price as a liquor-based drink, which sober bar owners told Insider is proving not to be an issue for customers. "The demographics are absolutely OK with paying a similar price point," Joshua James, owner of Ocean Beach Cafe, a sober bar in San Francisco, told Insider. "They're just so stoked to see something on the menu — they're so stoked to be included." Most sober bars offer selections of alcohol alternatives that go beyond the typical non-alcoholic beer, finding a niche serving non-alcoholic wine, spirits, and especially cocktails. "You don't really get together over water," James said. "There's something huge about a pretty drink in a nice glass."The growing non-alcoholic cocktail movementMaking a mocktail with ingredients like seltzer water, lime, and mint can help curb the desire for alcohol.Getty ImagesEach sober bar puts its own spin on the idea of an alcohol-free cocktail, business owners told Insider. While some stick to standard recipes, using ingredients like non-alcoholic spirits to create one-to-one replicas of classic cocktails, others take the opportunity to experiment and create unique drinks that stand completely on their own merit. At Sans Bar, a sober bar in Austin, owner Chris Marshall told Insider his favorite drink recently has been the "sans-hattan," a non-alcoholic recreation of the Manhattan. Using an alcohol-free bourbon, non-alcoholic bitters, and zero-proof vermouth, he said the drink brings the same mature palate as the original. "You can charge for a cocktail because you're giving people an elevated offering," he said. Marshall was a pioneer of the sober bar business, opening Sans Bar in 2017. He, like many others in the market, was inspired to create a space for a largely underserved demographic. Marshall said he "just realized a lot of people were struggling to have a social life without alcohol." In the years since his bar opened, Marshall said he has seen substantial improvements in the non-alcoholic drinks industry. The emergence of non-alcoholic spirits has been a huge leap forward in a movement to normalize an alcohol-free lifestyle, he said. Consumers have picked up on the growing non-alcoholic beverage market, too. Non-alcoholic spirit sales nearly doubled in 2022, according to Nielsen IQ data, far surpassing the sales increases of non-alcoholic wine and beer. "People are really quick to call this a trend," Marshall said. "And it's not. I think this is a movement." Better ingredients boost non-alcoholic alternativesThe "Kentucky Mai Tai" at Ocean Beach CafeOcean Beach CafeThe growth of new non-alcoholic ingredients has been a benefit for some traditional bars, too. At Oak at Fourteenth, a restaurant and bar in Boulder, Colorado, equal effort and care are afforded to creating both mocktails and cocktails. "You should be able to enjoy yourself," Kyle Letson, a mixologist at the restaurant, told Insider. "Not feel put-out." Owners of sober bars told Insider they only see further growth in the industry, as trends like Dry January and sober-curious lifestyles take a stronger hold.For business owners who have been around a few years, the increase in foot traffic this January has been palpable. James told Insider that customers drive great distances to visit Ocean Beach Cafe every day.Those just starting out like Robert Ashford — owner of Volstead by Unity, a sober bar and restaurant in Philadelphia that opened last year  — said now feels like the perfect time to be offering a sober space to anyone looking to abstain from alcohol or make changes to their drinking habits."More people are starting to have more knowledge of what zero-proof spirits actually mean," Ashford said. "I think we're seeing this play out in real-time." Read the original article on Business Insider.....»»

Category: personnelSource: nytJan 21st, 2023

I treated my dog to a $75 tasting menu at a SF restaurant for canines. She loved it, and it was so fun watching her eat from the table.

Kristen Hawley visited Dogue, a restaurant for dogs created by talented chef Rahmi Massarweh. It included three courses of fresh raw-diet cuisines. Kristen Hawley took her dog Heidi to try the $75 tasting menu at the new dog restaurant Dogue.Icarian Photography/Kristen Hawley Kristen Hawley took her 7-year-old dog, Heidi, to Dogue, a San Francisco retail store for dogs. On Sundays, Dogue opens its Bone Appétit Cafe, which has a $75 tasting menu and surprise treats. Hawley spent $100 at the cafe and enjoyed it, but says it's a splurge for special occasions only. Dogue (rhymes with "vogue") is a new storefront, cafe, and pastry shop for dogs and their owners in San Francisco's Mission District.Dogue’s Valencia Street storefront on a foggy San Francisco Sunday afternoon.Kristen HawleyDogue opened in September 2022 on a stretch of Valencia Street, a heavily trafficked area located in one of the sunniest parts of the city.Valencia street.Kristen HawleyDogue has offered fresh foods to canines online since 2015. After learning about the new brick-and-mortar spot, I decided to take my 20-pound, mini Aussie, Heidi, and my 5-year-old daughter to check it out.Dogue’s business information on a sign next to a bowl of spa water for dogs to enjoy.Kristen HawleyDogue has gotten a lot of attention as a restaurant for dogs, but most days it's a store selling fresh dog food, custom canine meal plans, and decadent dog treats.A selection of treats made for dogs.AFImageIt was started by Rahmi Massarweh, a trained chef who told me he "went down a rabbit hole" learning about animal nutrition in an effort to extend his own dog's life.Chef and owner Rahmi Massarweh behind the counter at Dogue.AFImageDogue sells refrigerated raw dog food. Large 12-ounce-packages include wild venison for $14.50; pastured chicken for $24; and grass-fed beef for $34.The refrigerator display at Dogue.Kristen HawleyDogue sells additional dog supplements for gut, coat, and skin, with prices ranging from $9.95 to $14.95. Its website contains information on how to transition a dog to a raw-food diet.Refrigerated supplements at Dogue.Kristen HawleyThe dog-centric vibe at Dogue matches the city. It even sells stylish dog accessories like bowls, leashes, and collars — perfect for San Franciscans, who claim there are more dogs than children living here.Dogue also sells a curated selection of stylish dog accessories.Kristen HawleySource: SanFrancisco MagazineIn 2016, the city had between 5,000 and 35,000 more dogs than kids under 18. Dogue caters to this crowd by selling merchandise as well as dried treats.A shelf of Dogue merchandise and dried dog treats.Kristen HawleySource: KQEDIt's also become a place for dog owners to celebrate birthdays or other special occasions. Dogue offers dogs and their owners a seated meal at its Bone Appétit Cafe, on Sundays only.The counter at Dogue; check in here for seating or to pay for purchases.Kristen HawleyGuests — four-legged and human — are encouraged to get comfortable on the furniture. There are four small tables for dining, each with plenty of space to prevent any unwanted dog jealousy.A corner banquette ready for canine and human guests.Kristen HawleyWhen I arrived, around 11 a.m., all tables were occupied. We saw a small Frenchie, a large mastiff, a happy goldendoodle, and two excited corgis.Small dining tables offer plenty of space for a meal for a canine or two.Kristen HawleyAfter a 40-minute wait, our table, set with three chairs near the door, became available. The Bone Appétit Cafe is walk-in only. I loved the detailed rugs.A table awaits diners at Dogue with machine washable rugs under each dining area.Kristen HawleyEven the lighting was elegant! Chandeliers hang from the ceiling to create a vibe that's more "full-service restaurant" than "dog food."Dogue's interior.Kristen HawleyWe were presented with the menu in a leather portfolio, just like a typical restaurant. On this Sunday, the rotating menu contained three options, each available à la carte or as part of the full tasting menu.Dogue’s menu for Sunday, October 16.Kristen HawleyMy daughter read Heidi the options, but we were already set on trying the $75 tasting. After we were seated, staff waited for a few minutes before checking our decision.My daughter reads my dog the menu, which stayed on the table for reference.Kristen HawleyThere were also some complimentary human treats included in the experience. We were offered our choice of sparkling water, orange juice, or mimosas served in carafes and tiny crystal goblets.My daughter enjoys water from a small crystal goblet at Dogue.Kristen HawleyThe first course arrived quickly: Chicken and Chaga Mushroom Soup made with whole pasture-bird chicken and simmered with apple-cider vinegar for eight hours. This dish is individually priced at $27.Chicken soup for dogs at Dogue in San Francisco.Kristen HawleyDogue owner, chef Massarweh, poured the broth for Heidi tableside — just as a server at a restaurant might do for a human patron. It's served lukewarm so eager dogs don't burn their mouths.Heidi asks for permission to eat food from the table.Kristen HawleyAt first, Heidi seemed confused about eating the food off of the table. She started by hesitantly licking the broth, looking at me for permission every few licks, but clearly excited.Heidi eyes (and tastes) the first course.Kristen HawleyHer trepidation lasted only seconds as she realized it was all for her. She finished the broth and quickly ate three pieces of cooked chicken breast in one bite each. It took her about 90 seconds to finish the dish.Heidi licks the bowl, fully comfortable in her new role as restaurant diner.Kristen HawleyBy now, Heidi understood that this experience was truly for her. She stood quietly on her chair anticipating what might come next. Other dogs in the space behaved similarly.Most dogs spent their time at Dogue staring toward the kitchen.Kristen HawleyThe tasting menu also comes with some off-menu surprises, much like a human tasting menu. Heidi enjoyed this bite of organic pumpkin served by Massarweh.Massarweh delivers an off-menu treat between courses.Kristen HawleyThe second course arrived shortly after the pumpkin: Chicken Skin Waffle and Charcoal Flan. If purchased alone, it costs $29.The Chicken Skin Waffle menu entry.Kristen HawleyHeidi stood up on two legs to snag the small waffle, made from chicken skin and ground cassava. She ate it in one bite, before I could photograph it and before Massarweh could put it down on the table.My dog was perplexed by the charcoal flan, but devoured the chicken skin waffle.Kristen HawleyHeidi paused after licking the gelatinous flan, briefly confused. She ate the garnish first, but pushed through to finish the entire dish.Heidi eats her second course.Kristen HawleyMaking good on the promise to be the kind of place dog owners love, Massarweh served my daughter and I a take on Caprese salad with burrata and basil.A small dish for humans to share was served in a glass bowl.Kristen HawleyMassarweh worked closely with California's Department of Food and Agriculture to get his business state-inspected and licensed. He said that human restaurants need only two certificates to open, but Dogue needed seven.Heidi enjoying her lunch.Kristen HawleyHeidi was decidedly less well-behaved as Massarweh displayed the final course. She jumped onto the table to get closer, and probably would have jumped onto this plate if she could've. This behavior is totally allowed!Heidi sits quietly, staring toward the kitchen, waiting for the next course.Kristen HawleyMassarweh holds a plate of grass-fed steak tartare made from filet mignon, quail egg, and broccoli sprouts. Purchased à la carte, it costs $32.A dish at Dogue.Kristen HawleyThe steak tartare looked nearly identical to a restaurant dish for humans. Massarweh said he's tried nearly everything on the menu and the tartare is good, but lacks all seasoning human diners expect.Heidi examines some raw filet with quail egg.Kristen HawleyThis dish contained the only ingredient that Heidi didn't appreciate — sprouts. She seemed frustrated as they got stuck in her teeth.Heidi navigates the broccoli sprouts on top of her steak.Kristen HawleySprouts removed, she regained interest in the beef, but seemed to be getting full. Massarweh serves the same portions to every dog who visits the cafe, but Dogue's custom meal plans include serving sizes adjusted to a specific dog's caloric needs.Heidi can’t take her eyes off the steak, even with a full stomach.Kristen HawleyThen came an off-menu dessert made from raw antelope heart. It's one of the few dishes Masserweh hasn't tried. (He tastes for balance before adding the heart.)Masserweh’s wife and business partner, Alejandra, delivers a wild antelope heart dessert.Kristen HawleyMassarweh said besides special days, like birthdays, many people bring elderly animals to enjoy a once-in-a-lifetime, extra-special meal. (Heidi is 7.)Heidi patiently waiting for the next course.Kristen HawleyOur total, after tip, came to $100. "If ingredients of this quality were being served to humans, they would be like four times the price," Massarweh said.A close-up of the fall menu.Kristen HawleyMy dog, and others in the space, were remarkably calm throughout the entire meal. Most owners kept their dogs leashed, but every animal seemed too engaged with the experience to stray.A dog’s-eye-view of Dogue during lunch service.Kristen HawleyMassarweh said the whole point of Dogue is to rethink the way we feed animals. "I think the idea of presenting and plating this food is my vehicle for shining a light on this," he said.Cafe seating at Dogue.Kristen HawleyDogue also offers a variety of beautiful treats crafted to look like pastries ($15 each), but made from ingredients like chicken and antelope. The case was full when we arrived and nearly empty when we left.A pastry case beside the counter displays goodies for sale.Kristen HawleyNo detail was forgotten! The dog theme continues even inside Dogue's bathroom, which is decorated with dog decals and funny signage.The bathroom at Dogue in San Francisco.Kristen HawleyWe enjoyed our visit to Dogue. Heidi left with a full stomach, but had normal energy on our walk home. We didn't notice any changes to her digestion or bathroom habits, either.An energetic Heidi walks home.Kristen HawleyI'd save this splurge for a special event, but I'd go back to Dogue, maybe next time with a group!A portrait of me and Heidi.Icarian PhotographyRead the original article on Business Insider.....»»

Category: dealsSource: nytJan 21st, 2023

Non-COVID Diagnostics Sales to Aid Hologic (HOLX) Q1 Earnings

The growing adoption of Panther instruments worldwide will likely drive Hologic's (HOLX) Q1 revenues. Hologic, Inc.’s HOLX diagnostics business is likely to have witnessed an increase in non-COVID Diagnostics business, banking on growing Panther instruments worldwide. The GYN Surgical arm is expected to have gained from an ongoing rebound in elective procedures.We anticipate the company’s first-quarter fiscal 2022 results, scheduled for release on Feb 1 after the closing bell, to reflect these aspects.Click here to know how the company’s overall fiscal first-quarter performance is expected to be.DiagnosticsHologic’s Molecular Diagnostics sales for the fiscal first quarter are likely to have been impacted by a significant drop in the demand for COVID-19 testing. However, the company seems optimistic about the benefits of non-COVID assays on the Panther system. On the fiscal Q4 earnings call, Hologic noted strong global diagnostic business growth amid the adversities. During the fourth-quarter earnings update, Hologic noted that the company has nearly 3,250 Panthers instruments placed globally. This might have significantly boosted the segment’s revenues in the quarter to be reported.Per October 2022 update, Hologic is witnessing continued strong sequential growth from Biotheranostics and incremental contribution from Mobidiag internationally. The first-quarter performance is expected to have been driven by both legacy and new assays, namely the BBCVTV vaginitis panel, MGen, CTMG and respiratory menu on the Panther Fusion.GYN SurgicalHologic’s GYN Surgical business arm is likely to have gained from an ongoing rebound in elective procedures with the full-fledged opening up of the economy as well as acceleration from new business lines. During Q4, Hologic registered a strong performance from the surgical franchise led by MyoSure and Fluent, with contributions from recent acquisitions. We expect Hologic to have continued benefiting from the acquisitions of MyoSure Fluent and Bolder and Acessa in the to-be-reported quarter as well.Hologic, Inc. Price and EPS Surprise   Hologic, Inc. price-eps-surprise | Hologic, Inc. QuoteSimilar to the fiscal fourth quarter, we anticipate strong contributions from Bolder's CoolSeal devices to have added to the top-line performance. Hologic’s robust surgical product offerings, including the NovaSure, MyoSure, Acessa laparoscopic radiofrequency ablation system and the Fluent fluid management system, are likely to have resulted in further gains for the business arm in Q1.What Our Model SuggestsOur proven model predicts an earnings beat for Hologic this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat.Earnings ESP: Hologic has an Earnings ESP of +3.13%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Zacks Rank: The company currently carries a Zacks Rank #2.Other Stocks to ConsiderHere are some medical stocks worth considering as these have the right combination of elements to post an earnings beat this quarter.Cardinal Health CAH has an Earnings ESP of +5.75% and a Zacks Rank of #2. The company will release fourth-quarter 2022 results on Feb 2. You can see the complete list of today’s Zacks #1 Rank stocks here.Cardinal Health has a long-term expected earnings growth rate of 11.7%. Cardinal Health’s earnings yield of 6.87% compares favorably with the industry’s 4.34%.McKesson Corporation MCK has an Earnings ESP of +0.84% and a Zacks Rank of #2. McKesson is scheduled to release third-quarter fiscal 2023 results on Feb 1.MCK’s long-term historical earnings growth rate is estimated at 10.1%. MCK’s earnings yield of 6.49% compares favorably with the industry’s 4.34%.Laboratory Corporation of America Holdings or LabCorp LH currently has an Earnings ESP of +2.67% and a Zacks Rank of #2. LabCorp is expected to release fourth-quarter 2022 results on Feb 9.LabCorp’s long-term historical earnings growth rate is estimated at 26.1%. LabCorp’s earnings yield of 7.02% compares favorably with the industry’s 4.34%.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Laboratory Corporation of America Holdings (LH): Free Stock Analysis Report Cardinal Health, Inc. (CAH): Free Stock Analysis Report McKesson Corporation (MCK): Free Stock Analysis Report Hologic, Inc. (HOLX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 21st, 2023

Why McDonald"s and Domino"s could win a recession, while Starbucks and Burger King could suffer

Consumers eat out less and trade down to cheaper restaurants like McDonald's during a recession. Analysts point to chains that win or lose. Consumers reduce their dining budgets or trade down to fast-food during recessions, analysts said.Getty Images During economic downturns, restaurants feel the pain first as consumers tend to eat out less. Some consumers trade down from casual-dining favorites to fast-food chains, analysts said.  Analysts predicted what top publicly traded chains could do well with consumers during a recession.  A majority of Wall Street analysts have said the threat of a 2023 recession is real. Typically during a recession, restaurants feel the pain first."People need to eat, but they don't necessarily need to eat at restaurants," Mark Kalinowski, a restaurant analyst with Kalinowski Equity Research, told Insider.When times are tough, consumers either eat out less frequently or trade down from casual-dining favorites to fast-casual or fast-food chains because prices are lower and there's typically no tipping, Tim Powell, a restaurant consultant, said.Convenience is also a factor. Consumers scrap driving several miles out of the way to a favorite local burger joint to save on fuel. "Instead of going to In-N-Out, they will settle for McDonald's because it's closer, cheaper, and faster," Powell, the managing principal at the industry consultancy Foodservice IP, told Insider. "Believe it or not, convenient locations trump food prices in quick service when consumers have a hankering for a cheeseburger."Insider scoured analyst reports and interviewed industry experts like Powell and Kalinowski to get insight on how publicly traded chains might perform in 2023.Analysts think McDonald's, Papa Johns, Olive Garden, Taco Bell, Chipotle, and Domino's are set up for success during a recession. While Burger King and Chili's could struggle. Analysts are undecided or mixed on brands like Starbucks, Wendy's, and Cheesecake Factory and how they might fare during a recession. McDonald'sMcDonald's is well-positioned in a recession due to its scale and value, analysts said.APMcDonald's is the first brand that comes to mind when Kalinowski thinks about recession winners. "One of the advantages of McDonald's is their scale and convenience," Kalinowski said.Their prices are typically lower than those found at rival fast-food burger chains. "They're pretty well positioned," he said.During the Great Recession from 2007 to 2009, Kalinowski said the chain's "worst quarter" was still better than most, as same-store sales were 0.1%. Same-store sales are a key indicator of a brand's financial health. "They were positive for the full year 2008. They were positive for the full year 2009," he said.McDonald's usually performs well during a recession, and Kalinowski said that "they tend to be a market-share gainer, and then they tend to keep most of those gains coming out of a recession."Andy Barish, an analyst at Jefferies, is also bullish on McDonald's. "We view McDonald's as the best defensive/offensive play in restaurants given a looming recession," Barish wrote in a note on December 21.Olive Garden owner DardenConvenience and scale should help Olive Garden, analysts said.Getty ImagesThe Great Recession hit casual dining the hardest, with multiple chains closing units.Still, convenience and scale should help Darden Restaurants, which owns Olive Garden, face a recession, analysts said. Darden also owns LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, and Eddie V's.  "Darden's scale, best-in-class data insights, rigorous strategic planning, and results-oriented culture should enable the company to outperform through various economic cycles," Eric Gonzalez, an equity-research analyst at KeyBanc, said in a December 8 note. Barish said Darden "remains well positioned" due to its size and scale to  "weather through the current backdrop in the context of ongoing macro/recession fears."Papa JohnsAnalysts said Papa Johns is well-positioned for the long term thanks to its value and premium offerings.Papa JohnsIn a November 2022 note, Gonzalez highlighted Papa Johns' value offering, including its $6.99 pairing. "Recommitment to value through its 'Papa Pairings' menu is yet another tool it can use to respond to competitor discounting without compromising on check," Gonzalez said.Papa Pairings allows consumers to buy certain items for $6.99 when they buy two or more. Choices include medium one-topping pizzas, chicken poppers, Papadias sandwiches, sides, and desserts.This month, Gonzalez said Papa Johns is "well-situated" for the long term "given its premium positioning, innovation track record, unit economics, and digital capabilities."Last year, Papa Johns introduced multiple new pizza items, including Papa Bowls. Stores are also modernizing. The chain recently released a new design format that leans into contactless ordering.Those strategies "should help the brand weather an economic downturn better than most," Gonzalez said.ChipotleChipotle wins on value, food quality, and convenience.ChipotleKalinowski said Chipotle was one of the strongest chains in the industry during the Great Recession. The chain's same-store sales in 2008 were up by 5.8%, and in 2009 they were up by 2.2%.Chipotle has since become a digital powerhouse, investing in app and website channels, launching a new loyalty program, and building hundreds of stores with drive-thru lanes dedicated to mobile orders. For those reasons, analysts said Chipotle is well-positioned for 2023."That brand has some key advantages," Kalinowski said. "For this year, I'm forecasting Chipotle same-store sales will be up 5.5%."In October, Morningstar said Chiptole's "accelerated digital adoption during the pandemic supercharged Chipotle's loyalty program, which should continue to drive increased order frequency" even amid "persistent inflationary pressures." Though its average check is higher than fast-food brands, Powell said consumers give Chipotle credit for order accuracy, speed of service, and higher-quality food. "So it is worth the higher amount paid," he said.Taco Bell, KFC, Pizza HutAnalysts are bullish on Yum! Brands during a recession. The company owns Taco Bell, Pizza Hut, KFC, and The Habit Burger Grill.Getty ImagesAndrew Charles, an analyst with Cowen, said Yum! Brands has the "best ideas" for 2023. He noted that Yum! management told him the company planned to emphasize value and digital offers this year. Specifically, Charles called out Taco Bell as the "crown jewel" of Yum! brands. Yum! owns Taco Bell, Pizza Hut, KFC, and The Habit Burger Grill.Taco Bell is also on Kalinowski's list of well-positioned and convenient brands that could weather a recession. "Historically, of course, they've been known for value, so you can go there and get a lot of food and a lot of calories for little money," Kalinowski said.Domino'sDomino's pizza is still seen as a value despite recent price hikes.Domino'sJim Sanderson, an analyst at Northcoast Research, said Domino's is resilient during recessions.In a November 18 note, he also noted that consumers are accepting higher prices at Domino's. Last year in March, Domino's increased the price of its Mix & Match Deal by $1. The value bundle allows diners to pick two or more items for $6.99 each. It was previously $5.99 when buying two or more items. Peter Saleh, an analyst with BTIG, said in a December 5 note that he expects 2023 sales to rebound compared to 2022 "on the heels of higher menu pricing." Pizza chains, overall, tend to be recession-proof because they have higher profit margins and give operators the leeway to make discounts available.Wendy'sConsumers typically pick McDonald's over Wendy's in a recession, analysts said.Getty ImagesKalinowski thinks Wendy's will lose on price when going head-to-head with McDonald's.While Wendy's "did OK in the Great Recession," with only two quarters of negative same-store sales, he noted, McDonald's "put up no negative quarters" during the same time period. "So advantage: McDonald's."StarbucksStarbucks consumers might drop add-ons to save money, analysts said.Justin Sullivan/Getty ImagesFor many Starbucks customers, coffee is a frequent necessity. But they might be trimming back some of their extras.Add-ons — such as syrup pumps, extra espresso shots, and sauces — are a $1 billion business for Starbucks. And that could put Starbucks in a tricky spot during a recession, Barish told Insider. He said Jefferies is "baking into our forecast" a recession, and with that comes a "potential impact on more discretionary afternoon occasions" at Starbucks. Still, Bank of America note thinks upcoming changes to the Starbucks Rewards program could help the chain.On February 13, consumers will have to buy more to earn freebies on most items such as specialty drinks, coffee, and baked goods. In a January 19 note, BofA said the new program emphasizes higher profits and faster service."In a macro slowdown, we believe the power of Starbucks Rewards will insulate the company, a key distinction from prior downturns," BofA said. Cheesecake FactoryCheesecake Factory tends to have large checks.Getty ImagesPowell said Cheesecake Factory would have to offer meal deals to attract diners during a downturn because their prices are higher than many rivals'. He suggested, for example, offering discounts on two entrées and a free appetizer to lure price-conscious diners.  Kalinowski said during the Great Recession, Cheesecake Factory logged negative same-store sales in 2008 and 2009. "They're arguably the most differentiated concept in all casual dining. So they're helped by that," Kalinowski told Insider. "On the other hand, their average check tends to be a little higher than that if you're going to an Applebee's or Chili's." "So we'll see how they hold up."Burger KingIn a recession, consumers typically choose McDonald's over Burger King.Getty ImagesKalinowski said a typical busy intersection might have a McDonald's, a Burger King, and a Wendy's.If that's the scenario, McDonald's wins, because it "is probably a little cheaper from the customer's point of view than the others."In September, Burger King unveiled a $400 million turnaround plan that includes remodeling 800 of its best-performing restaurants. Gonzalez said narrowing the funding to 800 "high-quality" operators could hurt the rest of the chain's US units. And, in a recession, Kalinowski said he expects Burger King "to be a market-share donor — and McDonald's and Wendy's to take advantage of that." Chili'sChili'sKristina Ruggeri, an analyst with Argus, said Chili's "was deeply impacted by the pandemic" and is taking steps to deal with eroding profit margins."In an effort to improve restaurant margins quickly, Brinker's new CEO is raising menu prices and scaling back discounting and promotions," Ruggeri wrote in a November 2022 note. While investors see CEO Kevin Hochman's changes as favorable, Ruggeri said "additional menu-price hikes and the lack of discounting and promotions could deter customers if the macroeconomic environment worsens. We believe that Brinker is facing near-term challenges and will need several quarters to implement a turnaround."In a November 2 note, Gonzales said Chili's needs to work on its marketing program: "Chili's offers compelling price points on its '3 for Me' platform, but has relatively low customer awareness."Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 20th, 2023

Avery Restaurant Consulting Announces Hartford Restaurant Staff & Menu Training

Avery Restaurant Consulting announces training for Hartford, CT restaurant staff and individualized menu curation to increase level of service, food and beverage offerings, guest loyalty, and revenue. read more.....»»

Category: blogSource: benzingaJan 20th, 2023

Viral off-menu Waffle House sandwich that started as "pregnancy craving" receives resistance from workers

Here's how the off-menu Waffle House sandwich that's just a modified Texas Bacon Cheesesteak Melt went viral, and how workers are reacting to the customer demand......»»

Category: topSource: foxnewsJan 19th, 2023

Darden (DRI) Stock Up 22% in the Past 6 Months: Here"s How

Darden Restaurants (DRI) benefits from robust off-premise sales, efforts to attract guests at LongHorn and other units as well as other sales-building efforts. Shares of Darden Restaurants, Inc. DRI have gained 21.8% in the past six months, compared with the industry’s increase of 12.9%. The company is benefiting from robust off-premise sales, efforts to attract guests at LongHorn and other units as well as other sales-building efforts.This Zacks Rank #2 (Buy) company has an impressive long-term earnings growth rate of 9.8%. The company’s sales and earnings in fiscal 2023 are likely to witness growth of 7.9% and 5.5%, respectively.Let’s delve deeper to find out the factors that make Darden an attractive pick.Growth DriversThe company continues to benefit from robust off-premise sales. In second-quarter fiscal 2023, off-premise sales contributed 25% to total sales at Olive Garden, 14% at LongHorn and 13% at Cheddar's Scratch Kitchen. Notably, technological enhancements in online ordering, the introduction of To Go capacity management and Curbside I'm Here notification have benefited the company.On the other hand, at LongHorn, the company strives to attract guests by focusing on its core menu, culinary innovation and regional flavors. It is also working on its marketing strategy to improve execution; customer relationship management and digital advertising as well as promotional pipeline that leverages the segment’s expertise.The company has been focusing on strengthening its in-restaurant execution through investments in quality, improving staffing levels and simplifying operations to enhance the guest experience. Sales are being supported by various initiatives and personalized services, which are likely to drive long-term growth as well. During the fiscal second quarter, sales at LongHorn were up 9.7% year over year to $600.5 million. Image Source: Zacks Investment ResearchIn order to boost the performance of the Olive Garden brand, the company implemented a set of initiatives under its Brand Renaissance Plan. These included simplifying kitchen systems, improving sales planning and scheduling, achieving operational excellence to improve guest experience, developing new core menu items, allowing customization and making smarter promotional investments. The revamped restaurants are already generating high same-restaurant sales and returns.Meanwhile, the company is also focusing on technology-driven initiatives like the system-wide rollout of tablets in order to capitalize on digitization, which has rapidly penetrated the U.S. fast-casual restaurant sector. This initiative has been providing a boost to the company’s sales for the past few quarters. Backed by business-model improvements, sales at Olive Garden increased 9.2% year over year to $1,176.7 million in second-quarter fiscal 2023.Other Stocks to ConsiderSome other top-ranked stocks in the Zacks Retail-Wholesale sector are Yum China Holdings, Inc. YUMC, McDonald's Corporation MCD and Yum! Brands, Inc. YUM.Yum China carries a Zacks Rank #2. YUMC has a long-term earnings growth rate of 11%. Shares of YUMC have gained 24.7% in the past year.The Zacks Consensus Estimate for Yum China’s 2023 sales and earnings per share (EPS) suggests growth of 14.6% and 58.4%, respectively, from the year-ago period’s estimated levels. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.McDonald's carries a Zacks Rank #2. MCD has a long-term earnings growth rate of 8.2%. Shares of MCD have gained 4.2% in the past year.The Zacks Consensus Estimate for MCD’s 2023 sales and EPS suggests growth of 3.2% and 5.3%, respectively, from the year-ago period’s estimated levels.Yum! Brands currently carries a Zacks Rank #2. YUM has a long-term earnings growth rate of 11.8%. Shares of YUM have gained 3.4% in the past year.The Zacks Consensus Estimate for Yum! Brands’ 2023 sales and EPS suggests growth of 6.2% and 15.5%, respectively, from the year-ago period’s projected levels. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Yum Brands, Inc. (YUM): Free Stock Analysis Report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report Yum China (YUMC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 19th, 2023

Customers might hate Starbucks" new reward program, but Wall Street loves it

Bank of America says the revamped program, which requires more stars to earn popular freebies like lattes, could boost profits and speed up service. Starbucks is changing its rewards program in February.Starbucks/Facebook Starbucks is making changes to its Starbucks Rewards program on February 13.  Consumers are upset that coffee and lattes will require more stars to redeem for free.  But Wall Street said the new program emphasizes margin and faster turnaround times on orders.  Starting next month, Starbucks Rewards members must earn more points to redeem free menu items such as coffee, tea, baked goods, cold brews, and lattes. Consumers have been fuming about the tweaks. Under the new program, they'll have to buy more to earn freebies on most items such as specialty drinks, which previously required 150 stars to redeem. On February 13, 200 stars gets you a free Frappuccino. But Wall Street loves the idea. In a Bank of America note, the research firm said the new program will lead to higher profits and faster service.For example, Starbucks is lowering the number of stars required to get a free iced brewed coffee or tea from 150 to 100.These drinks are popular and easier to make. With customers highly likely to customize these drinks with add-ons, that will generate "higher tickets and higher margins" for Starbucks, BofA said. In its last earnings call, Starbucks said premium add-ons like syrups are a $1 billion business. High-ticket, low-effort items like reusable to-go cups and packaged coffee also require fewer stars under the new tier structure, according to the note. The new rewards program might give Starbucks a lift if the economy tanks in the coming months. "In a macro slowdown, we believe the power of Starbucks Rewards will insulate the company, a key distinction from prior downturns," BofA said. Still, Jefferies analyst Andy Barish said last month that consumers are likely to trade down to smaller drinks and "less expensive add-ons," if a recession hits later this year. Starbucks has one of the most successful rewards memberships in the fast-food business. The program has 28.7 million members. Starbucks Rewards members accounted for 55% of sales at US company-operated stores, Starbucks said in a fourth-quarter earnings call.Here's a closer look at what items can be redeemed under the new star program, effective February 13. 100 Stars may be redeemed for one of the following items: hot brewed coffee, hot steeped tea, iced brewed coffee, iced brewed tea, a bakery item, a packaged snack such as popcorn or potato chips or a cold siren-logo plastic to-go cup. 200 Stars can be redeemed for one of the following items: any handcrafted beverage, any hot breakfast item such as a breakfast sandwich or oatmeal. 300 Stars may be redeemed for one of the following items: a packaged salad or lunch sandwich, one packaged protein box, or one packaged coffee item.  Read the original article on Business Insider.....»»

Category: worldSource: nytJan 19th, 2023

I flew on the world"s longest flight in business class and thought the 18-hour trip from Singapore to New York was nearly flawless

Though it was long, I wouldn't hesitate to make the trek again if it included Singapore Airlines' huge lounger and delicious food. Taylor Rains/Insider Singapore Airlines operates the world's longest flight by distance, which journeys between Singapore and New York. The carrier uses an Airbus A350-900ULR, or ultra-long-range, jet for the over 9,500-mile route. I recently made the trek in business class — here's what the nearly 18-hour flight was like. Singapore Airlines operates the world's longest flight by distance, journeying over 17 hours from the South Pacific island nation to New York-JFK, and a whopping 19 hours on the way back.Singapore Airlines A350-900.KITTIKUN YOKSAP/ShutterstockThe 10 longest routes in the world flown by airlines, ranked by distanceThe trek stretches 9,527 miles — just two miles longer than the world's second-longest flight, which is also operated by Singapore and flies to the neighboring Newark Liberty International Airport in New Jersey.BoeingMan777/ShutterstockAfter having flown on the world's fourth longest flight on Air New Zealand in September at about 8,800 miles, I decided it was time to tackle Singapore's record-breaking leg.Air New Zealand's business class product on its Boeing 787.Taylor Rains/InsidI flew from New York to Auckland on the world's 4th longest flight. Here are the 6 coolest things on the Boeing 787 used for the 17 hour journey.I flew in business class on the airline's Airbus A350-900ULR widebody jet, which is the ultra-long-range variant — here's what it was like.Taylor Rains/InsiderCheck out the special $317 million Airbus jet that Singapore Airlines uses on the longest flight in the worldMy journey started at Singapore's Changi International Airport at around 9:30 a.m. for my 12:35 p.m. departure.The bridge to the Jewel at Changi International Airport.Taylor Rains/InsiderI flew out of Terminal 3, which was ginormous with plenty of check-in desks and a Starbucks.The check in area for Singapore Airlines at Changi airport.Taylor Rains/InsiderWhile I was automatically checked into my flight on Singapore Airlines' app, I still had to retrieve my boarding pass from the ticket counter.The business class check in area for Singapore at Changi airport.Taylor Rains/InsiderFortunately, since I was flying business class I had access to a dedicated queue and was on my way in no time.Taylor Rains/InsiderUnlike most international airports, Changi does not have security until passengers are at the gate. Instead, I cleared passport control and entered the transit area.There is a sign before entering passport control that tells people it's an offense to enter the transit area if you don't plan to actually travel.Taylor Rains/InsiderSingapore's famous transit area is what makes it one of the world's best airports. Here, travelers can explore high-end stores like Louis Vuitton...Louis Vuitton is the grand entrance to the transit area from Terminal 3 departures.Taylor Rains/Insider…take a dip in the swimming pool at Terminal 1's Aerotel…Me sitting by the pool at Aerotel before my flight.Taylor Rains/Insider…or see a film at Terminal's 3 free movie theater. The shows play 24/7 and rotate depending on the season.The free movie theater was showing En canto during my visit.Taylor Rains/InsiderAfter exploring Changi, which feels more like a mall than an airport, I headed to the airline's new SilverKris business class lounge for a bite to eat.The lounges are Singapore's recent $50 billion investment into its airport experience. There is a separate lounge for first class, which includes a sleeping room.Taylor Rains/InsiderThe space was huge and comfortable, but I didn’t have too much time to spend before needing to head to Gate B9.I enjoyed some Laksa at the lounge.Taylor Rains/InsiderThis is where I had to clear security, and an officer instructed me to remove my laptop from my bag and take off my shoes. The process was quick, though there was no dedicated line for business class.The start to the security line at gate b9 before my flight.Taylor Rains/InsiderI liked having security just before the gate because the crowds were limited to just that flight — no battling hundreds of other travelers at TSA in the US.Travelers make their way through a TSA screening line at Orlando International Airport ahead of Fourth of July weekend on July 1.SOPA Images/Getty ImagesAfter security, I was guided into a special room where I waited about 30 minutes before boarding the jet. Business class passengers were the first group to board.Taylor Rains/InsiderI quickly made my way to my window seat on the A350 aircraft — 21A — which would be my personal living room for nearly 18 hours on the world's longest flight.Taylor Rains/InsiderI was immediately impressed by the size and comfort of the giant lounger, which offers 68 inches of pitch and 28 inches of width.The bulkhead seats have even more legroom.Taylor Rains/InsiderSource: SeatGuruI easily had enough legroom, and I could even cross my legs on the chair comfortably.Taylor Rains/InsiderI also liked that there was more than enough overhead bin space for both my suitcase and small duffle bag.Taylor Rains/InsiderAfter I got settled, I started touring the seat. There are 42 recliners in business, where passengers can enjoy myriad amenities, like a giant 18-inch seatback TV…Taylor Rains/InsiderSource: Singapore Airlines…plush linens...We were given three pillows and a plush blanket.Taylor Rains/Insider…USB ports and a universal power outlet…Taylor Rains/Insider…several lighting options over the bed, like for reading or eating…There were three different lighting options to the right of my head, as well as a bigger light to the left next to the power ports.Taylor Rains/Insider…a handheld remote to control the inflight entertainment…The remote could be pulled out of the storage slot for easier use.Taylor Rains/Insider…an adjustable tray table, which can be moved backward, forward, up, and down…Taylor Rains/Insider...a mirror and coat hook...Taylor Rains/Insider…and ample storage. There were several cubbies, including one beside the TV…This is where I stored medicine and my electronic cords.Taylor Rains/Insider…one in the back left corner of the seat…Taylor Rains/Insider…one on the floor under the bed…The cubby below the bed could easily fit my laptop.Taylor Rains/Insider…and one in the left armrest. I found I had plenty of space to store my pillow, medicine bag, and electronics.The cubby already had noise-cancelling headphones and a water bottle in it.Taylor Rains/InsiderThe seats are in a 1x2x1 configuration and have wings to provide plenty of privacy, especially for the window seats.One of the seats in the row behind me.Taylor Rains/InsiderThough, the middle rows have a divider between the two to separate solo travelers.Taylor Rains/InsiderThe product is different from Singapore's Airbus A380 business class, which has the option to combine the two middle seats into a double bed. The A350's are only singles.Singapore AirlinesThe A350 also came with luxury amenities, like socks, lotion, slippers, and a soft eye mask. These items made it easy to get comfortable on the ultra-long-haul journey.Taylor Rains/InsiderBefore takeoff, the flight attendants — who were all very attentive — brought me a mimosa and took my lunch order.My mimosa on a shelf.Taylor Rains/InsiderThe great service continued shortly after takeoff when passengers were served a bowl of nuts and another beverage — I chose wine, which was delicious.Taylor Rains/InsiderThe three-course lunch service started about 10 minutes later. Singapore has a diverse menu, including black beach chicken, seafood arrabbiata, and braised beef short rib.Taylor Rains/InsiderBut every meal starts with an appetizer of marinated smoked salmon, served with bread and butterTaylor Rains/InsiderThen, the main course is served. I chose the beef dish, which came with sauteed spinach, roasted mushrooms, and potatoes.Taylor Rains/InsiderI was impressed with the texture and flavors of both dishes. Singapore's food and beverage director Antony McNeil told Insider the meals are designed to keep passengers fuller for longer.Taylor Rains/InsiderPassengers were also offered more drinks, like beer and soda, as well as several dessert options. I chose the fruit and the cheesecake, which exceeded expectations, especially since dragon fruit was included — my favorite.Taylor Rains/InsiderHonestly, the food was the best inflight meal I've ever had — and that's after flying several other business class products.The meal on Air New Zealand's business class was very good as well, but I thought Singapore's shined.Taylor Rains/InsiderDuring lunch, I watched Jumanji: The Next Level, which is one of the hundreds of entertainment options that passengers can choose from.Taylor Rains/InsiderShortly after, my tray table was cleared and I spent a few hours working before trying to sleep. Fortunately, business passengers can access free WiFi, which worked great throughout the flight.Taylor Rains/InsiderI napped for four hours thanks to Singapore's amazing lie-flat seat, which converts into a huge bed where I could lie down, sit up with my legs out, or sit crisscross.Taylor Rains/InsiderMoreover, the tray table could be raised up, so I was able to sit upright on the bed and simultaneously work without having to adjust the seat back into its lounger position.Taylor Rains/InsiderFor sleeping, I could stretch my legs into the corner nook. But, because I like to kick one knee out and lay on my stomach when I sleep, I loved the large space where I could actually spread out.Me with my legs stretched out into the nook.Taylor Rains/InsiderI've flown on other business class products where I had no flexibility for sleeping — it was either lay straight on your back or side. I can sleep that way, but not as comfortably.There was a seatbelt in case of turbulence.Taylor Rains/InsiderMy only issue with the lounger was that I couldn't lay it flat with just the touch of a button. I — or a flight attendant — had to flip it down to create the bed, similar to putting the seat down in a car.The control panel on the A350 business class seat, which could create a cradle position, but not fully lie flat.Taylor Rains/InsiderThe handle is behind the seat, which is also where the linens are stored.Taylor Rains/InsiderThis is a very small detail, but at least it isn't like Air New Zealand's Boeing 787 business class that requires a flight attendant to lie it flat for travelers.The Air New Zealand business class bed after being set up by the flight attendant.Taylor Rains/InsiderAfter I woke up, I worked for a few more hours until the next meal service, which was served about seven hours from landing.Taylor Rains/InsiderTo my surprise, this was another multi-course meal, including chicken satay and prawn salad as appetizers…The chicken satay appetizer.Taylor Rains/Insider…an option of halibut, fried chicken, ginger beef, or seafood with noodles for the main course...The midflight menu.Taylor Rains/Insider…and a choice of a chocolate brownie, fruit, a cheese platter, or a "floating island" for dessert.The fruit and "floating island" desserts.Taylor Rains/InsiderI chose the halibut dish, which came with spinach and mashed potatoes. Everything was delicious, though I thought the potatoes had a tangy taste, likely from the juices of the trout.Taylor Rains/InsiderI wasn't a fan of the combination of flavors, but this was the only food on the flight that I didn't like. The spinach and trout were great and I would highly recommend them.We were also served bread and butter during the midflight meal.Taylor Rains/InsiderI will say the standout of the entire meal was the "floating island" dessert, which is an egg white dome with almonds and vanilla custard and was hands down the best dessert I've ever eaten on a plane.Taylor Rains/InsideAfter being up for five hours, I took another six-hour nap before waking up about 45 minutes before arrival.Taylor Rains/InsiderI noticed throughout the flight that the lighting changes and the different hues helped me relax.The blue and purple hues shortly before landing in JFK.Taylor Rains/InsiderBefore landing, I headed to the lavatory, which was nice and clean, and even had toiletries, like a razor and eye cream.The small shelves with toiletries in the lavatory.Taylor Rains/InsiderThe flight attendants brought me tea, water, and more fruit as a final snack, though this was on request and not scheduled service.Passengers could ask for different snacks when hungry during the flight, like tea, water, a granola bar, and a KitKat.Taylor Rains/InsiderWe touched down right on time. Because I was sitting towards the front of the plane, I was off the jet and through customs in no time.Taylor Rains/InsiderOverall, Singapore's business class was the best airplane experience I've ever had. The world's longest flight went by quickly thanks to the huge, comfortable bed and plethora of entertainment.Taylor Rains/InsiderWhile Insider paid a media rate, the roundtrip price of business class from Singapore to New York ranges from $8,000-$13,000 for February. For those that can afford it, I can imagine the hefty price tag is worth every penny.Taylor Rains/InsiderRead the original article on Business Insider.....»»

Category: dealsSource: nytJan 19th, 2023

McDonald"s (MCD) Gains From Innovation & Expansion Efforts

Menu innovation, digitalization, loyalty program and expansion efforts aid McDonald's (MCD). McDonald's Corporation MCD has been registering solid comps growth given its focus on menu innovation, pricing strategies, loyalty programs, increased digitalization and strong operating performance approach.The company has been navigating various macroeconomic woes like COVID-related restrictions, global political restrictions, Russia-Ukraine war along with inflationary cost pressures well, by undertaking prudent initiatives to drive growth in the domestic as well as international markets. Its focus on expansion efforts and loyalty program is commendable.This Zacks Rank #2 (Buy) stock has a long-term earnings growth rate of 8.2%, which highlights its inherent strength. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.MCD’s shares have risen 7.4% in the past year, outperforming the Zacks Retail-Restaurants industry’s growth of 6%.Image Source: Zacks Investment ResearchThe Zacks Consensus Estimate has witnessed an uptrend over the past 30 days as analysts raised their estimates. Over the said time frame, the Zacks Consensus Estimate of $10.45 for 2023 has increased from $10.44. The Zacks Consensus Estimate for 2023 earnings of $10.45 per share implies 5.3% year-over-year growth.Driving FactorsThe company’s initiative of innovating the menu and strategic pricing has increased guest count, resulting in increased sales in the United States. During the second quarter of 2022, the company expanded its coffee business by launching Australiano coffee in Australia and received positive feedback. Also, the company’s initiative of implementing enhanced cooking procedures and rolling out new buns paved the path for solid customer feedback and incremental sales following their launch in Spain.In third-quarter 2022, global comps advanced 9.5%. This marked the seventh consecutive quarter of comps growth. In the third quarter, comps in the United States, international operated markets (IOM) and international developmental licensed (IDL) segment rose 6.1%, 8.5% and 16.7%, respectively. Japan and Latin America posted robust comps growth. The company reported comps growth for the 28th straight quarter in Japan.The comparable sales of the company increased due to efficient and strong operating performance in the internationally operated markets of Germany, France, and Australia. Comparable sales in Brazil and Japan added to its top line.Meanwhile, robust digitalization is helping this Oak Brook, IL-based leading fast-food chain to generate more sales in the global markets. With the rollout of self-order kiosks, digital menu boards, table service, and the mobile app, customers are offered more choices and flexibility as the company progresses toward its Experience of the Future initiative, which is based on adding technology to its eateries.Importantly, the company’s loyalty program has not only helped in retaining the existing customers but also in expanding the customer base. The company has already introduced a loyalty program in more than 50 markets, including the United States, Germany, Canada, U.K. and Australia.MCD’s expansion efforts also continue to drive performance. Despite the unfavorable scenario, the company continues to expand its global footprint. It is planning to open more than 1,800 restaurants globally in 2022, which includes 500 openings in the United States and IOM segment and 1,300 (including nearly 800 in China) inaugurations in the IDL market. The company expects restaurant growth of nearly 3.5% in 2022.Other Key PicksSome other top-ranked stocks in the Zacks Retail-Wholesale sector are MercadoLibre, Inc. MELI, Casey's General Stores, Inc. CASY and Expedia Group, Inc. EXPE.MercadoLibre currently has a Zacks Rank #1. MELI’s stock has increased 47.7% in the past six-month period.The Zacks Consensus Estimate for MELI’s 2023 sales and earnings per share (EPS) indicates growth of 19.7% and 80.7%, respectively.Casey's General Stores currently has a Zacks Rank #1. CASY has a trailing four-quarter earnings surprise of 7.2%. The shares of the company have rallied 21.9% in the past year.The Zacks Consensus Estimate for CASY’s fiscal 2023 sales and earnings indicates a rise of 23.1% and 18.4%, respectively, from the year-ago period’s estimated levels.Expedia carries a Zacks Rank #1. EXPE has a long-term earnings growth rate of 14%. The stock has risen 10.8% in the past three-month period.The Zacks Consensus Estimate for EXPE’s 2023 sales and EPS indicates growth of 9.4% and 20.3%, respectively, from the year-ago period’s expected levels. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report McDonald's Corporation (MCD): Free Stock Analysis Report Expedia Group, Inc. (EXPE): Free Stock Analysis Report Casey's General Stores, Inc. (CASY): Free Stock Analysis Report MercadoLibre, Inc. (MELI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 18th, 2023

How to unlock a phone from T-Mobile to change carriers or travel abroad with your phone

To unlock a T-Mobile phone, there are several requirements to meet for eligibility, and it can be a more involved process than other major carriers. There may be a few steps you need to follow to unlock your phone from T-Mobile.AntonioGuillem/Getty Images To unlock a phone from T-Mobile, you need to check if your device meets the eligibility criteria. T-Mobile will remotely unlock eligible devices within two business days of meeting the requirements. Android users can unlock their phone in the Settings app, while iPhone users need to contact T-Mobile. Are you thinking of switching your T-Mobile phone to a new carrier?If so, there are a few hoops you may need to jump through, depending on your phone and plan. Don't worry though – as long as you meet the eligibility criteria, it shouldn't be too much of a hassle.Below are all the requirements and steps you'll need to unlock your T-Mobile iOS or Android phone and plan.How to unlock a phone from T-MobileThere are several requirements you may need to meet for eligibility, depending on how you purchased your phone.Requirements to unlock any phone from T-MobileYour phone must be purchased from T-Mobile.The phone cannot be reported lost or stolen.Your account with T-Mobile must be paid in full and in good standing with no fraudulent activity.Requirements to unlock a postpaid T-Mobile phoneYour account must be fully paid off, including any payments for the device.Your device must be active for at least 40 days on T-Mobile's network.If the account the device is associated with is canceled, it must have a zero balance.Requirements to unlock a prepaid T-Mobile phoneThe device must be active on a T-Mobile network for one year.If the device hasn't been active for a year, each active line on the account must have had over $100 in refills since activating the account, and the device must be 14 days past its date of purchase.You haven't requested more than two device unlocks within a year.Note: For postpaid and prepaid phones, T-Mobile may ask for proof of purchase or information about your account to grant eligibility.Does T-Mobile automatically unlock eligible phones?If your phone supports remote unlocking and meets the requirements mentioned above, then yes, T-Mobile will unlock it automatically within two business days.However, if your device doesn't support remote unlocking but meets the unlocking criteria, T-Mobile will send a notification with the next steps to take. You can expect the notification within two business days of your device becoming eligible.How to unlock an iPhone on T-Mobile  Once you've met all the eligibility requirements, you can start the unlocking process your self by contacting T-Mobile in order to submit a form to unlock your phone.Quick tip: If the phone is already unlocked, T-Mobile's site offers a guide for using the phone with other carriers.How to unlock an Android phone on T-MobileThe process will vary slightly depending on your phone's manufacturer, but you need to connect your device to the internet or T-Mobile network.You will first need to head to the Settings app on your device and then follow the steps below.On Samsung phones, Tap Connections, then More Connection Settings, and select Network Unlock.On OnePlus phones, Tap Wi-Fi & internet, then SIM & network, and select Advanced or Network Unlock.On LG phones, tap Network & internet, then Mobile networks, then Network unlock, and select Continue.On a T-Mobile Revvlry phone, tap Network & Internet, then Mobile network, then Advanced, and select Network Unlock.Next, on any device, select Permanent Unlock to unlock the phone. Then restart your device.Unlocking an Android through T-Mobile's Device Unlock appT-Mobile customers with an Android 7 device or newer can request a code that unlocks your phone through the Device Unlock app from T-Mobile. This application only works on select supported devices and is already installed on the phone.To check if your device can use the Device Unlock app, go to T-Mobile's Devices page in a web browser, search for your device, and select it from the list of device images that appear as you type.Search for the name of your device and select it from the resulting list.Ron Lyons, Jr./InsiderOn the page for your device, scroll down to the How Tos section, click Security, and then select Mobile Device Unlock from the dropdown menu for further instructions on unlocking your device.If your device lacks a Mobile Device Unlock option on that page, it may be ineligible to use the Device Unlock app. In that case, you should contact T-Mobile for further instructions.Military personnel exclusions for unlocking a T-Mobile phoneRegardless of the type of phone you have, if you're an active military personnel you can have your phone unlocked at any time as long as the account is in good standing and you have documentation to confirm your deployment. T-Mobile asks that you contact them to assist you with the unlocking process.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 18th, 2023

4 ways to recover deleted iMessages or text messages on your iPhone

If you're trying to recover texts or iMessages on iPhone, use iOS 16, Finder, iTunes, or iCloud to retrieve them. You can retrieve deleted text messages on your iPhone with iOS 16 within one month of deletion.  You can also use iCloud, iTunes, or Finder to recover texts if you saved backups to your computer. If all else fails, reach out to your mobile carrier — they may restore deleted messages for you. Whether you regularly delete your iPhone messages, or recently mass deleted them to free up storage space, you should always take care to save the texts you still need.But if you've accidentally deleted some text messages that you meant to keep, don't panic — there are a few different ways to recover lost text messages on your iPhone.Here's what you should know.Recover your messages with iOS 16With iOS 16, you can recover all text messages within one month of deletion.You can do this by navigating to Messages > Edit or Filters > Show Recently Deleted.Click "Edit" or "Filters" and then "Show Recently Deleted."Will Fischer/InsiderFrom there, you will see a list of any deleted messages that are available to recover. You can recover all messages or just certain ones that you select. Quick tip: To make sure you're updated to iOS 16, check out our guide on how to update your iPhone. Use iCloudIf your iPhone is set to backup to iCloud, you might be able to recover deleted text messages using a recent backup. This will revert your iPhone back to the point when you made that backup, meaning that while it can help you recover the text message, you might lose some other data.To do this:1. Open the Settings app and tap your name at the top.2. Select iCloud, and make sure that Messages are turned on in the list of apps.3. Tap iCloud Backup. Check that your iPhone has been backed up recently.Make sure you've got backups turned on, and you've been saving them.Apple; William Antonelli/Insider4. Go back to the main Settings app menu and select General, then scroll down and select either Reset or Transfer or Reset iPhone, depending on what iOS version you have.5. Tap Erase All Content and Settings, then confirm that it's what you want to do. You'll likely have to provide your iCloud password to turn off Find My.6. Your iPhone will take a few minutes to reset to factory conditions. After that, you'll be greeted with the iPhone's initial welcome screen. Go through the first few steps, and on the Apps & Data screen, choose Restore from iCloud Backup.Set up your iPhone using the iCloud backup.Apple7. Sign into iCloud to access your backups, then choose the last backup before you deleted the text messages you want to recover.Try iTunes or FinderIf you backed up your iPhone onto a Mac or PC instead of iCloud, you can try restoring your iPhone with that backup instead. This means using iTunes if you have Windows, or Finder if you're on a Mac.To retrieve deleted iPhone messages with iTunes or Finder:1. Connect your iPhone to your computer and open iTunes or Finder, if they don't pop up automatically. 2. In iTunes, click on the phone icon at the top of the screen and choose Summary from the menu on the left. In Finder, click your phone's name under Locations.Click the phone icon in iTunes or your phone's name under "Locations" in Finder.Stefan Ionescu/Insider3. Click Restore Backup and your old texts will hopefully reappear on your phone. If they don't, your backup didn't include these texts.Quick tip: If the Restore Backup button is grayed out, click the bubble that says This Computer or Back up all of the data on your iPhone to this Mac. You can change it back after you find the text you need.Request deleted messages from your carrier If all else fails, consider reaching out to your phone carrier. Some service providers keep a record of your text messages like they keep a record of your calls.Quick tip: You won't be able to retrieve any of your iMessages from your carrier, since they only keep records of SMS messages.You'll either need to log in to your carrier account or use the service provider's customer service line. Either way, it's a good last-ditch effort to retrieve that deleted message from your iPhone. How to recover deleted text messages on AndroidiPhones are not the only devices capable of retrieving deleted text messages. You can also do the same on an Android smartphone using other methods. If you own an Android, check out our guide on how to recover deleted Android texts.Read the original article on Business Insider.....»»

Category: topSource: businessinsiderJan 18th, 2023

United Airlines Fourth-Quarter and Full-Year Financial Results: Achieved 9.1% Pre-tax Margin Ahead of Schedule in Q4

Q4 2022 pre-tax margin exceeded 2019 and vaulted United to an industry-leading position The changes United made to increase staffing and resources and invest in technology and infrastructure created strong operations and allowed United to recover quickly after winter storm Elliott Remains confident in hitting its 2023 financial performance targets fueled by United Next progress CHICAGO, Jan. 17, 2023 /PRNewswire/ -- United Airlines (UAL) today reported fourth-quarter and full-year 2022 financial results. The company exceeded adjusted operating margin1 guidance in the fourth quarter reporting a 11.1% operating margin; 11.2% operating margin on an adjusted basis1. Additionally the company reported a 9.1% pre-tax margin on a GAAP basis and 9.0% on an adjusted basis1, achieving its 2023 target ahead of schedule. The company grew operating revenue by 14% and TRASM (total revenue per available seat mile) by 26%, both versus fourth quarter 2019. The company remains confident in the 2023 United Next adjusted pre-tax margin1 target of about 9%. United was able to recover quickly from significant irregular operations in December as a result of winter storm Elliott. During the key holiday travel days between December 21 and 26, nearly 36% of all United flights were exposed to severe weather. Despite that impact, 90% of United customers made it to their destination within 4 hours of their scheduled arrival time. The company credits significant investment in its people, resources, technology and infrastructure over the past few years with its ability to recover from significant weather events.  "Thank you to the United team that, last month, managed through one of the worst weather events in my career to deliver for so many of our customers and get them home for the holidays," said United Airlines CEO Scott Kirby. "Our dedicated team used our state-of-the-art tools to prepare for the bad weather, take care of our customers and quickly recover once the worst of the weather had passed. Over the last three years, United has made critical investments in tools, infrastructure and our people – all of which are essential investments in our future. That's why we've got a big head start, and we're now poised to accelerate in 2023 as our United Next strategy becomes a reality." Fourth-Quarter Financial Results Net income of $843 million, adjusted net income1 of $811 million. Capacity down 9% compared to fourth-quarter 2019. Total operating revenue of $12.4 billion, up 14% compared to fourth-quarter 2019. TRASM of up 26% compared to fourth-quarter 2019. CASM of up 21%, and CASM-ex1 of up 11%, compared to fourth-quarter 2019. Operating margin of 11.1%, adjusted operating margin1 of 11.2%, both up over 2 pts. compared to fourth-quarter 2019. Pre-tax margin of 9.1%, adjusted pre-tax margin1 of 9.0%, both up and around 1 pt. compared to fourth-quarter 2019. Average fuel price per gallon of $3.54. Full-Year Financial Results Net income of $737 million, adjusted net income1 of $831 million. Operating margin of 5.2%, adjusted operating margin1 of 5.5%. Pre-tax margin of 2.2%, adjusted pre-tax margin1 of 2.5%. Ending available liquidity2 of $18.2 billion. Key Highlights Announced the largest widebody order by a U.S. carrier in commercial aviation history: 100 Boeing 787 Dreamliners with options to purchase 100 more. Also added 100 additional Boeing 737 MAX aircraft by exercising 44 options and adding 56 new firm orders. This historic purchase is the next chapter in the ambitious United Next plan and will bolster the airline's leadership role in global travel for years to come. Officially opened the United Aviate Academy, the only major U.S. airline to own a flight training school, with a historic inaugural pilot class of 80% women or people of color. Launched Calibrate, an in-house apprenticeship program that will help grow and diversify its pipeline of Aircraft Maintenance Technicians. Launched a new, national advertising campaign – "Good Leads The Way" – that tells the story of United's leadership in areas like customer service, diversity and sustainability, and captures the optimism fueling the airline's large ambitions at a time of unprecedented demand in air travel. Announced and began the expansion of its Flight Training Center in Denver, already the largest facility of its kind in the world. Announced a historic commercial agreement with Emirates that will enhance each airline's network and give customers easier access to hundreds of destinations around the world. Also announced a new direct flight between Newark/New York and Dubai beginning in March 2023, subject to government approval. Appointed by Department of Homeland Security Secretary Alejandro Mayorkas, United Chief Executive Officer Scott Kirby served as the Co-Chair of the Homeland Security Advisory Council and also served on the Board of Directors of the Business Roundtable as the Chairman of the Education and Workforce Committee. Hosted the first Eco-Skies Alliance Summit, bringing together leaders, corporate customers, and senior U.S. government officials for important discussions on sustainable aviation fuel, best practices of how to reduce carbon emissions from flying and how to collaborate on future sustainability solutions. Operational Performance In the fourth quarter, on-time arrival performance (arrival within 14 minutes of schedule) was at 80%, the best quarterly performance of 2022. United finished first among network carriers for on-time departures and completion at its three largest hubs – Denver, O'Hare and Houston – for the fourth-quarter and full-year 2022. In 2022, over 650,000 passenger connections were saved with ConnectionSaver, resulting in United achieving the lowest misconnect rate ever for the fourth quarter and full year (excluding 2020/2021). In the fourth quarter, Inflight Service, Check-In and Club Satisfaction beat their record from last quarter and ended with their highest quarterly performance since the launch of the NPS (Net Promoter Score) survey in 2020.  Customer Experience In 2022, 80% of domestic departures were operated on a dual-cabin aircraft, up from 67% in 2019. Despite the severe operating conditions during winter storm Elliott, 43% of our customer surveys included a compliment for something a United employee did to help them. Debuted free "bag drop shortcut" – a simple way for customers at United's U.S. hubs to skip the line, check their bag in a minute or less on average, and get to their flight. Began offering eligible T-Mobile customers free in-flight Wi-Fi and streaming where available on select domestic and short-haul international flights. United, with Jaguar North America, launched the first gate-to-gate airport transfer service powered by an all-electric fleet in the U.S. at Chicago O'Hare International Airport. Announced the return of kids' meals on board on select United flights where complimentary meals are served. Announced the opening of United Club FlySM, a new club concept for a U.S. airline at Denver International Airport. Opened the new United ClubSM location at Newark Liberty International Airport, a 30,000-square-foot space offering travelers a modern design, enhanced amenities and culinary offerings. Debuted new custom amenity kits for United Polaris® from Away ahead of summer travel. Debuted new plant-based menu items from Impossible Foods as part of United's goal to add more vegan and vegetarian options to its culinary lineup amidst growing demand for plant-based meat. Network Announced the 2023 summer schedule that includes adding new service to three cities – Malaga, Spain; Stockholm, Sweden; and Dubai, United Arab Emirates – United will be the No. 1 airline to Europe, Africa, India and the Middle East next summer with service to 37 cities, more destinations than all other U.S. airlines combined. Launched a new alliance partnership with Virgin Australia, began year-round, nonstop service between San Francisco and Brisbane, Australia and became the largest carrier between the United States and Australia. Began year-round, nonstop service between Washington, D.C., and Cape Town, South Africa and expanded to year-round nonstop service between New York/Newark and Cape Town, South Africa. Expanded the airline's codeshare agreement with Star Alliance member Singapore Airlines, making it easier for customers to travel to more cities in the United States, Southeast Asia and other destinations in the Asia-Pacific region. Announced a joint business agreement with Air Canada for the Canada-U.S. transborder market, building on the companies' long-standing alliance, that will give more flight options and better flight schedules to customers traveling between the two countries. Environmental, Social and Governance (ESG) In the fourth quarter, over 7,700 volunteer hours were served by more than 1,000 employee volunteers. In the fourth quarter, nearly 13 million miles were donated to 40 participating nonprofit organizations during United's Giving Tuesday 2022 campaign by over 700 donors, including nearly 2 million miles matched by United. In the fourth quarter, more than 4 million miles and over $111,000 were raised for Hurricane Fiona and Hurricane Ian relief efforts. In 2022, through a combination of cargo-only flights and passenger flights, United transported over 1 billion pounds of cargo, including approximately 121 million pounds of medical shipments and approximately 10,500 pounds of military shipments. United Airlines Ventures announced a strategic investment in NEXT Renewable Fuels (NEXT), which is acquiring a permit for a flagship biofuel refinery in Port Westward, Oregon, with expected production beginning in 2026. Announced a $15 million investment in Eve Air Mobility and a conditional purchase agreement for 200 four-seat electric aircraft with options to purchase 200 more, expecting the first deliveries as early as 2026. Launched United for Business Blueprint™, a new platform that will allow corporate customers to fully customize their business travel program contracts with United. United Airlines Ventures and Oxy Low Carbon Ventures announced a collaboration with Cemvita Factory to commercialize the production of sustainable aviation fuel intended to be developed through a revolutionary new process using carbon dioxide and synthetic microbes. Announced a strategic equity investment in Natron Energy, a battery manufacturer whose sodium-ion batteries have the potential to help United electrify its airport ground equipment like pushback tractors and operations at the gate. U.S. President Joe Biden appointed United President Brett Hart to the Board of Advisors on Historically Black Colleges and Universities. Along with the PGA TOUR, announced that it will award 51 golf teams at Historically Black Colleges and Universities with more than half a million dollars in grants to fund travel for golf tournaments and recruiting efforts. Announced a new collaboration with OneTen, a coalition committed to upskill, hire and advance Black talent into family-sustaining careers over the next 10 years. United Airlines Ventures announced an investment in and commercial agreement with Dimensional Energy, another step forward to reaching United's pledge to become 100% green by achieving net-zero greenhouse gas emissions by 2050, without relying on the use of traditional carbon offsets. Became the first U.S. airline to sign an agreement with Neste to purchase sustainable aviation fuel overseas. Over 42 million miles and more than $400,000 donated to World Central Kitchen, Airlink, American Red Cross, and Americares in support of Ukraine relief efforts by United's customers, with an additional 5 million miles and $100,000 matched by United. Earned a top score of 100% on the 2022 Disability Equality Index for the seventh consecutive year and was recognized as a "Best Place to Work" for Disability Inclusion. Hosted more than 100 volunteer events for United's 2nd Annual September of Service with more than 1,600 United employees volunteering 6,500 hours. Became the first airline to donate flights in support of the White House's Operation Fly Formula and transported Kendamil formula free of charge from Heathrow Airport in London to its Washington Dulles hub. Earnings Call UAL will hold a conference call to discuss fourth-quarter and full-year 2022 financial results, as well as its financial and operational outlook for first quarter 2023 and beyond, on Wednesday, January 18, at 9:30 a.m. CT/10:30 a.m. ET. A live, listen-only webcast of the conference call will be available at ir.united.com. The webcast will be available for replay within 24 hours of the conference call and then archived on the website for three months. Outlook This press release should be read in conjunction with the company's Investor Update issued in connection with this quarterly earnings announcement, which provides additional information on the company's business outlook (including certain financial and operational guidance) and is furnished with this press release with the U.S. Securities and Exchange Commission on a Current Report on Form 8-K. The Investor Update is also available at ir.united.com. Management will also discuss certain business outlook items during the quarterly earnings conference call. The company's business outlook is subject to risks and uncertainties applicable to all forward-looking statements as described elsewhere in this press release. Please see the section entitled "Cautionary Statement Regarding Forward-Looking Statements." About United United's shared purpose is "Connecting People. Uniting the World." From our U.S. hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C., United operates the most comprehensive global route network among North American carriers. United is bringing back our customers' favorite destinations and adding new ones on its way to becoming the world's best airline. For more about how to join the United team, please visit www.united.com/careers and more information about the company is at www.united.com. United Airlines Holdings, Inc., the parent company of United Airlines, Inc., is traded on the Nasdaq under the symbol "UAL". Website Information We routinely post important news and information regarding United on our corporate website, www.united.com, and our investor relations website, ir.united.com. We use our investor relations website as a primary channel for disclosing key information to our investors, including the timing of future investor conferences and earnings calls, press releases and other information about financial performance, reports filed or furnished with the U.S. Securities and Exchange Commission, information on corporate governance and details related to our annual meeting of shareholders. We may use our investor relations website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. We may also use social media channels to communicate with our investors and the public about our company and other matters, and those communications could be deemed to be material information. The information contained on, or that may be accessed through, our website or social media channels are not incorporated by reference into, and are not a part of, this document. Cautionary Statement Regarding Forward-Looking Statements:  This press release and the related attachments and Investor Update (as well as the oral statements made with respect to information contained in this release and the attachments) contain certain "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, relating to, among other things, the potential impacts of the COVID-19 pandemic and other macroeconomic factors and steps the company plans to take in response thereto and goals, plans and projections regarding the company's financial position, results of operations, market position, capacity, fleet, product development, ESG targets and business strategy. Such forward-looking statements are based on historical performance and current expectations, estimates, forecasts and projections about the company's future financial results, goals, plans, commitments, strategies and objectives and involve inherent risks, assumptions and uncertainties, known or unknown, including internal or external factors that could delay, divert or change any of them, that are difficult to predict, may be beyond the company's control and could cause the company's future financial results, goals, plans, commitments, strategies and objectives to differ materially from those expressed in, or implied by, the statements. Words such as "should," "could," "would," "will," "may," "expects," "plans," "intends," "anticipates," "indicates," "remains," "believes," "estimates," "projects," "forecast," "guidance," "outlook," "goals," "targets," "pledge," "confident," "optimistic," "dedicated," "positioned" and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. All statements, other than those that relate solely to historical facts, are forward-looking statements. Additionally, forward-looking statements include conditional statements and statements that identify uncertainties or trends, discuss the possible future effects of known trends or uncertainties, or that indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. All forward-looking statements in this release are based upon information available to us on the date of this release. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, except as required by applicable law or regulation. Our actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the adverse impacts of the ongoing COVID-19 global pandemic on our business, operating results, financial condition and liquidity; execution risks associated with our strategic operating plan; changes in our network strategy or other factors outside our control resulting in less economic aircraft orders, costs related to modification or termination of aircraft orders or entry into less favorable aircraft orders, as well as any inability to accept or integrate new aircraft into our fleet as planned; any failure to effectively manage, and receive anticipated benefits and returns from, acquisitions, divestitures, investments, joint ventures and other portfolio actions; adverse publicity, harm to our brand, reduced travel demand, potential tort liability and voluntary or mandatory operational restrictions as a result of an accident, catastrophe or incident involving us, our regional carriers, our codeshare partners or another airline; the highly competitive nature of the global airline industry and susceptibility of the industry to price discounting and changes in capacity, including as a result of alliances, joint business arrangements or other consolidations; our reliance on a limited number of suppliers to source a majority of our aircraft and certain parts, and the impact of any failure to obtain timely deliveries, additional equipment or support from any of these suppliers; disruptions to our regional network and United Express flights provided by third-party regional carriers; unfavorable economic and political conditions in the United States and globally (including inflationary pressures); reliance on third-party service providers and the impact of any significant failure of these parties to perform as expected, or interruptions in our relationships with these providers or their provision of services; extended interruptions or disruptions in service at major airports where we operate and space, facility and infrastructure constrains at our hubs or other airports; geopolitical conflict, terrorist attacks or security events; any damage to our reputation or brand image; our reliance on technology and automated systems to operate our business and the impact of any significant failure or disruption of, or failure to effectively integrate and implement, the technology or systems; increasing privacy and data security obligations or a significant data breach; increased use of social media platforms by us, our employees and others; the impacts of union disputes, employee strikes or slowdowns, and other labor-related disruptions on our operations; any failure to attract, train or retain skilled personnel, including our senior management team or other key employees; the monetary and operational costs of compliance with extensive government regulation of the airline industry; current or future litigation and regulatory actions, or failure to comply with the terms of any settlement, order or arrangement relating to these actions; costs, liabilities and risks associated with environmental regulation and climate change, including our climate goals; high and/or volatile fuel prices or significant disruptions in the supply of aircraft fuel (including as a result of the Russia-Ukraine military conflict); the impacts of our significant amount of financial leverage from fixed obligations, the possibility we may seek material amounts of additional financial liquidity in the short-term, and the impacts of insufficient liquidity on our financial condition and business; failure to comply with financial and other covenants governing our debt, including our MileagePlus® financing agreements; the impacts of the proposed phaseout of the London interbank offer rate; limitations on our ability to use our net operating loss carryforwards and certain other tax attributes to offset future taxable income for U.S. federal income tax purposes; our failure to realize the full value of our intangible assets or our long-lived assets, causing us to record impairments; fluctuations in the price of our common stock; the impacts of seasonality, weather events, infrastructure and other factors associated with the airline industry; increases in insurance costs or inadequate insurance coverage and other risks and uncertainties set forth in Part I, Item 1A. Risk Factors, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as well as other risks and uncertainties set forth from time to time in the reports we file with the U.S. Securities and Exchange Commission. The foregoing list sets forth many, but not all, of the factors that could impact our ability to achieve results described in any forward-looking statements. Investors should understand that it is not possible to predict or identify all such factors and should not consider this list to be a complete statement of all potential risks and uncertainties. In addition, certain forward-looking outlook provided in this release relies on assumptions about the duration and severity of the COVID-19 pandemic, the timing of the return to a more stable business environment, the volatility of aircraft fuel prices, customer behavior changes and return in demand for air travel, among other things (together, the "Recovery Process"). The COVID-19 pandemic and the measures taken in response may continue to impact many aspects of our business, operating results, financial condition and liquidity in a number of ways, including labor shortages (including reductions in available staffing and related impacts to the company's flight schedules and reputation), facility closures and related costs and disruptions to the company's and its business partners' operations, reduced travel demand and consumer spending, increased operating costs, supply chain disruptions, logistics constraints, volatility in the price of our securities, our ability to access capital markets and volatility in the global economy and financial markets generally. If the actual Recovery Process differs materially from our assumptions, the impact of the COVID-19 pandemic on our business could be worse than expected, and our actual results may be negatively impacted and may vary materially from our expectations and projections. It is routine for our internal projections and expectations to change as the year or each quarter in the year progresses, and therefore it should be clearly understood that the internal projections, beliefs and assumptions upon which we base our expectations may change. For instance, we regularly monitor future demand and booking trends and adjust capacity, as needed. As such, our actual flown capacity may differ materially from currently published flight schedules or current estimations. Non-GAAP Financial Information:  In discussing financial results and guidance, the company refers to financial measures that are not in accordance with U.S. Generally Accepted Accounting Principles (GAAP). The non-GAAP financial measures are provided as supplemental information to the financial measures presented in this press release that are calculated and presented in accordance with GAAP and are presented because management believes that they supplement or enhance management's, analysts' and investors' overall understanding of the company's underlying financial performance and trends and facilitate comparisons among current, past and future periods. Non-GAAP financial measures such as adjusted operating margin (which excludes special charges (credits)), CASM-ex (which excludes the impact of fuel expense, profit sharing, special charges and third-party expenses), adjusted pre-tax margin (which is calculated as pre-tax margin excluding operating and nonoperating special charges (credits) and unrealized (gains) losses on investments, net) and adjusted net income typically have exclusions or adjustments that include one or more of the following characteristics, such as being highly variable, difficult to project, unusual in nature, significant to the results of a particular period or not indicative of past or future operating results. These items are excluded because the company believes they neither relate to the ordinary course of the company's business nor reflect the company's underlying business performance. Because the non-GAAP financial measures are not calculated in accordance with GAAP, they should not be considered superior to and are not intended to be considered in isolation or as a substitute for the related GAAP financial measures presented in the press release and may not be the same as or comparable to similarly titled measures presented by other companies due to possible differences in method and in the items being adjusted. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. Please refer to the tables accompanying this release for a description of the non-GAAP adjustments and reconciliations of the historical non-GAAP financial measures used to the most comparable GAAP financial measure and related disclosures. -tables attached-  UNITED AIRLINES HOLDINGS, INC STATEMENTS OF CONSOLIDATED OPERATIONS (UNAUDITED)  Three Months Ended December 31, % Increase/ (Decrease) 2022 vs. 2019 Year Ended December 31, % Increase/ (Decrease) 2022 vs. 2019 (In millions, except per share data) 2022 2021 2019 2022 2021 2019 Operating revenue: Passenger revenue $  11,202 $    6,878 $    9,933 12.8 $ 40,032 $ 20,197 $ 39,625 1.0 Cargo 472 727 316 49.4 2,171 2,349 1,179 84.1 Other operating revenue 726 587 639 13.6 2,752 2,088 2,455 12.1 Total operating revenue 12,400 8,192 10,888 13.9 44,955 24,634 43,259 3.9 Operating expense: Aircraft fuel 3,317 1,962 2,249 47.5 13,113 5,755 8,953 46.5 Salaries and related costs 3,000 2,579 3,078 (2.5) 11,466 9,566 12,071 (5.0) Landing fees and other rent 657 681 650 1.1 2,576 2,416 2,543 1.3 Depreciation and amortization 624 619 606 3.0 2,456 2,485 2,288 7.3 Regional capacity purchase 571 601 725 (21.2) 2,299 2,147 2,849 (19.3) Aircraft maintenance materials and outside repairs 600 399 475 26.3 2,153 1,316 1,794 20.0 Distribution expenses 434 235 417 4.1 1,535 677 1,651 (7.0) Aircraft rent 59 63 67 (11.9) 252 228 288 (12.5) Special charges (credits) 16 56 130 NM 140 (3,367) 246 NM Other operating expenses 1,745 1,405 1,630 7.1 6,628 4,433 6,275 5.6 Total operating expense 11,023 8,600 10,027 9.9 42,618 25,656 38,958 9.4 Operating income (loss) 1,377 (408) 861 59.9 2,337 (1,022) 4,301 (45.7) Nonoperating income (expense): Interest expense (479) (429) (161) 197.5 (1,778) (1,657) (731) 143.2 Interest income 156 6 30 420.0 298 36 133 124.1 Interest capitalized 32 23 20 60.0 105 80 85 23.5 Unrealized gains (losses) on investments, net 32 (125) 81 (60.5) 20 (34) 153 (86.9) Miscellaneous, net 12 88 13 (7.7) 8 40 (27) NM Total nonoperating expense, net (247) (437) (17) NM (1,347) (1,535) (387) 248.1 Income (loss) before income taxes 1,130 (845) 844 33.9 990 (2,557) 3,914 (74.7) Income tax expense (benefit) 287 (199) 203 41.4 253 (593) 905 (72.0) Net income (loss) $      843 $     (646) $      641 31.5 $      737 $ (1,964) $   ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaJan 17th, 2023

Chipotle (CMG) Banks on Chipotlane Add-ons, Hurt by Costs

Chipotle Mexican Grill (CMG) emphasizes digital initiatives to drive growth and productivity at its restaurants. However, inflationary pressures are a concern. Chipotle Mexican Grill, Inc. CMG is poised to benefit from the addition of Chipotlanes, digital initiatives and menu innovation. Also, the increased focus on human capital technology bodes well. However, inflationary pressures and a decline in traffic from pre-pandemic levels are a concern.Let us discuss the factors highlighting why investors should retain the stock for the time being.Key CatalystsChipotle continues to focus on the addition of Chipotlanes to drive growth. During third-quarter 2022, it opened 43 new restaurants, including 38 Chipotlanes. The addition of Chipotlanes enhanced customer access and convenience and bolstered new store restaurant sales, margins and returns. It continues to expand its digital drive with Chipotlanes.Backed by impressive unit economics and the success of small-town locations, the company anticipates opening between 255 and 285 restaurants in 2023, with more than 80% of the restaurants having Chipotlanes in them.Chipotle is leaving no stone unturned to make digital ordering more appealing to customers and increasingly efficient for restaurants. Notably, the company has redesigned and simplified the online ordering site, enabled online payment for catering and collaborated with several well-known third-party providers for delivery.There has also been a significant increase in digital orders and guest satisfaction since the rollout of its “Smarter Pickup Times” technology. The company witnessed a rise in order-ahead transactions, courtesy of enhanced guest access and convenience. Digital sales contributed 37% to sales during the third quarter of 2022.Meanwhile, the company has been focusing on human capital technology to enhance the team member experience in its restaurants, paving the path for a more efficient, consistent and compliant environment. During first-quarter 2022, the company initiated the testing of an autonomous kitchen assistant – Chippy – that integrates culinary traditions with artificial intelligence to make tortilla chips. The initiative involves robotics collaboration, thereby allowing the company to focus on other culinary tasks in the restaurant without sacrificing the quality and deliciousness of the item.The company plans to implement the initiative in a Southern California restaurant and leverage it with the stage-gate process before deciding its future course of implementation.The company is also working on strengthening its brand and recovering sales by shifting its strategy from giveaways, discounts and rewards to new menu items, operational excellence, and enhancement of guest experience by retraining workers, technology-driven convenience, along with a more aggressive brand marketing. Also, it has been working on a new pipeline for its menu offerings.Chipotle also initiated the testing of Chicken Al Pastor in Denver and Indianapolis. With a focus on go-to orders, the company intends to roll out the product in 2023, subject to its acceptance in the stage-gate process.Image Source: Zacks Investment ResearchIn the past six months, shares of the company have gained 15.6% compared with the industry’s 14.8% growth.ConcernsChipotle has been continuously shouldering increased expenses, which have been detrimental to its margins. Commodity and wage inflation and supply chain challenges are adding to the downside. During the third quarter of 2022, the company had been witnessing a rise in expenses related to dairy, packaging, tortillas and avocados. Total operating expenses during the quarter moved up 10% year over year.Going forward, the company anticipates inflationary pressures to persist for some time. In the fourth quarter, the company expects elevated costs concerning beef, chicken, dairy and tortilla.Although most dining services are open, traffic is still low compared with the pre-pandemic levels. The company intends to monitor the situation regularly to gauge the impacts of COVID-19.Zacks Rank & Key PicksChipotle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some better-ranked stocks in the Zacks Retail-Wholesale sector are Wingstop Inc. WING, Tecnoglass Inc. TGLS and Domino's Pizza, Inc. DPZ.Wingstop currently sports a Zacks Rank #1. WING has a long-term earnings growth rate of 12%. Shares of WING have gained 0.6% in the past year.The Zacks Consensus Estimate for Wingstop’s 2023 sales and earnings per share (EPS) suggests growth of 18.4% and 16.3%, respectively, from the year-ago period’s reported levels.Tecnoglass currently sports a Zacks Rank #1. TGLS has a trailing four-quarter earnings surprise of 26.9%, on average. Shares of the company have gained 50.9% in the past year.The Zacks Consensus Estimate for TGLS’ 2023 sales and EPS suggests growth of 11.2% and 9%, respectively, from the year-ago period’s reported levels.Domino's currently carries a Zacks Rank #2 (Buy). DPZ has a long-term earnings growth rate of 12.6%. Shares of DPZ have declined 27.7% in the past year.The Zacks Consensus Estimate for Domino's 2023 sales and EPS suggests growth of 3.8% and 17.2%, respectively, from the year-ago period’s reported levels. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis Report Domino's Pizza Inc (DPZ): Free Stock Analysis Report Tecnoglass Inc. (TGLS): Free Stock Analysis Report Wingstop Inc. (WING): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 17th, 2023

Chipotle Mexican Grill (CMG) is a Top-Ranked Growth Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.The Style Scores are broken down into four categories:Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.How Style Scores Work with the Zacks RankThe Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.That's where the Style Scores come in.You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Chipotle Mexican Grill (CMG)A Delaware corporation, Chipotle Mexican Grill, together with its subsidiaries operates quick-casual and fresh Mexican food restaurant chains. The company was founded in 1993 by Steve Ells who started with a single restaurant in Denver, CO. The company offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked through traditional methods and served in a unique atmosphere. Chipotle classifies its restaurants as end-caps (at the end of a line of retail chains), in-lines (in a line of retail chains), free-standing units and others.CMG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.Additionally, the company could be a top pick for growth investors. CMG has a Growth Style Score of A, forecasting year-over-year earnings growth of 31.1% for the current fiscal year.One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2022. The Zacks Consensus Estimate has increased $0.03 to $33.32 per share. CMG boasts an average earnings surprise of 4.1%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CMG should be on investors' short list. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 17th, 2023

Here"s How Much a $1000 Investment in Chipotle Mexican Grill Made 10 Years Ago Would Be Worth Today

Holding on to popular or trending stocks for the long-term can make your portfolio a winner. How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.What if you'd invested in Chipotle Mexican Grill (CMG) ten years ago? It may not have been easy to hold on to CMG for all that time, but if you did, how much would your investment be worth today?Chipotle Mexican Grill's Business In-DepthWith that in mind, let's take a look at Chipotle Mexican Grill's main business drivers. A Delaware corporation, Chipotle Mexican Grill, together with its subsidiaries operates quick-casual and fresh Mexican food restaurant chains. The company was founded in 1993 by Steve Ells who started with a single restaurant in Denver, CO. The company offers a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads. Chipotle restaurants feature free-range, hormone-free pork, natural chicken and other meat products cooked through traditional methods and served in a unique atmosphere. Chipotle classifies its restaurants as end-caps (at the end of a line of retail chains), in-lines (in a line of retail chains), free-standing units and others.Chipotle, being one of the most recognized fast-casual Mexican restaurant chains in the United States, had a good share of negative publicity throughout 2016 due to an issue of food-borne illnesses that surfaced toward 2015-end. As a safety measure, the company was forced to close several outlets. In order to chalk out a viable business strategy, Chipotle discarded its former co-CEO model and appointed former Yum! Brands' executive Brian Niccol as the CEO.The company is committed to using high-quality real ingredients, classic cooking techniques and distinctive interior design to serve customers. As of Mar 31, 2022, the company operated more than 3,014 restaurants across the United States, Canada, the U.K., France and Germany.Chipotle’s marketing strategy shifted from a promotion driven decentralized approach in 2017 to a more central model designed to generate higher consumer awareness and attract guests. The company utilizes e multiple marketing channels, including national television, digital marketing, social media, fundraising, events and sponsorships to reach consumers. Delivery services are mostly made by third party service providers.In 2018, Chipotle launched a loyalty program called Chipotle Rewards, which provides customers with the opportunity to earn bonus points or free food. Earned rewards generally expire one to six months after they are issued, and points generally expire if an account is inactive for a period of six months.Bottom LineAnyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Chipotle Mexican Grill a decade ago, you're probably feeling pretty good about your investment today.A $1000 investment made in January 2013 would be worth $5,426.67, or a 442.67% gain, as of January 17, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.In comparison, the S&P 500 gained 171.56% and the price of gold went up 9.43% over the same time frame.Looking ahead, analysts are expecting more upside for CMG. Shares of Chipotle have outperformed the industry in the past six months. The company benefits from its digital efforts, Chipotlane add-ons and marketing initiatives. This along with strength in digital sales, rise in menu prices, new restaurant openings and higher restaurant-level operating margin have been driving the company. Also, a solid financial position with no debt bodes well. Chipotle continues to focus on the stage-gate process and leverage digital programs to expand access and convenience. Earnings estimates for 2023 have increased in the past 30 days, depicting analysts optimism regarding the stock growth potential. However, coronavirus related woes persists. This along with supply chain challenges, elevated wage inflation and expenses associated with new menus and openings remain headwinds. The stock has jumped 7.74% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 1 higher, for fiscal 2022; the consensus estimate has moved up as well. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.>>Yes, I Want to Help Protect My Portfolio During the RecessionWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chipotle Mexican Grill, Inc. (CMG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: zacksJan 17th, 2023