/biz/ - Business & Finance

>>58010946

No. I needed 82k to double my investments, and bear-cucks ruined everything once again..

Taco Bell, KFC and Pizza Hut’s parent company is facing the same problem as its rivals: Fast food is getting too expensive and consumers are pushing back.
>Yum Brands, which owns all three chains, reported Wednesday weaker-than-expected sales in the fourth quarter. Despite the miss, shares rebounded in midday trading after initially falling, and are now up more than 3%.
>In particular, Taco Bell, typically the company’s most popular chain, reported sales at restaurants open at least a year grew 3% for the quarter — a steep decline from the 11% growth it registered for the same quarter a year earlier when a revamped breakfast menu and the Mexican Pizza fueled sales.
>Meanwhile, Pizza Hut’s US sales slid 4% in fourth quarter and KFC sales were flat, with both brands’ numbers also coming in below analysts’ expectations. In total, same-store sales at all three chains plus Habit Burger rose 1% in quarter, missing analysts’ estimates of a 3.9% increase.
>In a call with analysts, CEO David Gibbs said the chains’ “topline sales were impacted by the conflict in the Middle East region with varying degrees of impact” which dented same-store sales growth in several countries.
>Yum Brands is the third fast food company to report a disappointing earnings report as consumers more closely examine where they’re spending money.

Part of the problem: Although grocery prices are still high, they rose just 1.3% overall in 2023, compared to dining out, which surged 5.2%, according to the latest Consumer Price Index report. That’s putting pressure on lower-income consumers, a vital base for fast food chains.

https://www.cnn.com/2024/02/07/investing/yum-brands-fourth-quarter-2023-earnings/index.html

Damn and I thought McDonald's was having it rough lately KEK

so someone explain to me what's goin on with bitcoin.

>big green candle
>one moment later big red candle
>big green candle again
>equally big red candle suddenly
>NYSE opens in about an hour

looks like some whales wants to pump but then some other whale says no

someone explain to me what actually has happened. so they sat on a bunch of bitcoins and were planning on dumping their stash as soon as the ETF went through? now they're planning to buy it back on the dip? or something else?

not shitposting I'm actually interested in how it works