Chipotle is teaming up with drone delivery leader Zipline to test autonomous food delivery. Beginning Thursday, select customers in the greater Dallas area will have the option to use the so-called Zipotle delivery through an early access program in the Zipline app. Zipline’s autonomous aircraft will deliver orders to customers’ homes from a Rowlett, Texas Chipotle…
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Cava on Tuesday lowered its full-year forecast for same-store sales growth after a disappointing second quarter. For the full year, Cava now anticipates same-store sales growth of 4% to 6%, down from its prior range of 6%…
Starbucks Protein Drink Courtesy: Starbucks Restaurant chains are joining in on the protein frenzy, hoping to encourage diners to pay more for extra macronutrients during a time when many consumers aren’t spending as much. From “gym bros” to users of GLP-1 drugs like Ozempic, many Americans are trying to add more protein to their diets,…
People walk past a Sweetgreen restaurant in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares dropped more than 25% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges. For…
A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters As some consumers pull back on spending amid economic uncertainty, fast-casual restaurant chains are leaning on rewards programs to pull them back in. Loyalty programs, which offer discounts or added perks for returning customers, have transitioned from…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The stock market is slightly lower on the first day of the second half of the year. Despite heavy volatility in the first six months, the S & P…
My top 10 things to watch Tuesday, July 1 1. Amazon’s Project Kuiper is using every rocket available to get rolling. AI-powered Alexa+ could help power personal robots in our homes. Those are just a couple takeaways from my interview last night with CEO Andy Jassy. We also touched on Club name’s rural expansion, chip…
