Cava has lowered its full-year forecast for the second consecutive quarter, citing a decline in visits from younger consumers. CFO Tricia Tolivar explains how economic factors and changing consumer habits are affecting sales. Despite challenges, Cava is gaining market share and opening new locations.
Chipotle's shares dropped more than 15% in after-hours trading after the chain slashed its sales forecast for the third consecutive quarter, citing ongoing macroeconomic challenges affecting consumer behavior.
A groundbreaking study reveals that Rapa Nui's moai statues were 'walked' to their locations using a clever zig-zag motion, challenging previous theories about their transport. This research sheds light on the ingenuity of the Rapa Nui people.
Lendbuzz, the auto finance fintech, has filed for an IPO aiming for a valuation of $1.5 billion. As it joins a wave of fintech companies going public, will it succeed where others falter?
Klarna's long-awaited IPO has finally arrived, raising $1.4 billion on the NYSE. With shares initially soaring to $52, the fintech giant marks a significant milestone in its journey from a daring startup to a $15 billion valuation. Find out how existing investors played a key role in this success!
Klarna's shares opened at $52, exceeding its IPO price of $40, marking a significant moment for the buy-now, pay-later sector. With $1.17 billion raised, Klarna's public debut could influence the fintech landscape.
As summer 2025 winds down, Dallas is buzzing with new restaurant openings and some sad closures. Discover the latest dining spots to try and the beloved eateries we've lost this season.
In a surprising move, Soho House & Co. is set to be taken private in a $2.7 billion deal led by hotel owner MCR. The agreement offers shareholders a significant premium, highlighting investor confidence amid challenges since its IPO.
Cava's stock tumbled 16% following disappointing quarterly sales, reflecting a broader trend of declining performance in the fast-casual dining sector. Executives cite cautious diners and economic uncertainty as key factors affecting sales.
Once celebrated for its employee-friendly culture, Chipotle now faces a growing backlash from workers who claim the quality of training and working conditions have deteriorated significantly. Current and former employees share their struggles and the shift in company ethos.
