The company is optimistic that its plans will help transactions turn positive by the second half of the year. Chipotle’s same-store sales declined in the first quarter for the first time since the COVID-19 pandemic, as consumers appear to be cutting back on spending to save money amid economic uncertainty. Despite price hikes, the company
The company intends to sell some of its real estate and stop issuing dividends. Restaurant chain Jack in the Box Inc. will shut down hundreds of outlets, and is also looking at potentially selling off its Del Taco brand of stores, the company said in an April 23 statement. “Jack in the Box will implement
‘It’s a strange time in the logistics world,’ one industry expert said. A slowdown in U.S.–China trade activity amid tariff tensions is starting to show up in industry data. Beginning in 2025, companies ramped up their imports from China to avert the White House’s looming tariffs. The front-running trend had been prevalent across trade data.
PepsiCo warned about increased supply chain costs, forecasting earnings per share to fall by 3 percent this year. Keurig Dr Pepper saw net sales of $3.64 billion in the first quarter—a 4.8 percent increase from the first quarter of 2024—the company said in an April 24 statement. Diluted earnings per share (EPS) rose by 15.2
The median home sales price continued to grow at 2.7 percent year over year to a new national median of $403,700, an all-time high for the month of March. Existing single-family home sales across the United States fell by 5.9 percent in March from February—the steepest monthly drop since November 2022—and were down 2.4 percent
Orders for long-lasting goods were the highest since this past summer. Solid demand for transportation and companies’ “front-running” U.S. tariffs contributed to a spike in durable goods orders in March. New Census Bureau data show that orders for manufactured goods soared by 9.2 percent, to $315.7 billion, last month, up from a 0.9 percent increase
York Regional Police are asking for the public’s help to find a suspect that broke into three Jewish businesses, including a pizzeria, during Passover. The break-ins happened overnight between April 18 and 19 in the Thornhill neighbourhood within Vaughan, according to police. It’s being called an attempt to “intimidate and target” the Jewish community by
The countdown is on for Canada’s federal election and some premiers have made it clear who they will cast a vote for when they head to the ballot box on April 28. While many of the leaders have indicated they will back the federal party of the same political stripe, there are a few notable
The U.S. District Attorney’s office in Seattle says a 27-year-old man has been sentenced to five months in jail for helping smuggle eight Indian nationals across the border between British Columbia and Washington state. It says Rajat Rajat, an Indian citizen who lives in California, was indicted alongside three other people. The office says the
A Quebec Superior Court judge has invalidated a university tuition hike for out-of-province students meant to reduce the number of English speakers in the province. A ruling out today says the Quebec government’s 2023 decision to increase out-of-province tuition by $3,000—33 percent—was unreasonable and based on limited data. However, the fee hike may remain in