Following the e-coli outbreak at Chipotle Mexican Grill, Inc. (NYSE:CMG), Bernstein believes that the comps should face a downfall in fourth quarter of fiscal 2015 (4QFY15) and 1QFY16. The firm believes the comps to fall 4% year-over-year (YoY) in upcoming quarter.
The tourist mecca has been suffering, but hotel owners and merchants are hoping that a slew of discounts and the nation's birthday celebration will kick-start summer.
Here in San Diego's Mission Bay -- a nearly 7-square-mile playground of amusement parks, beaches, marinas, restaurants, hotels and souvenir shops -- the words on the lips of merchants and hotel owners are "Fourth of July weekend." ¶ And it's not the annual fireworks displays they are talking about.
GoPro Inc (NASDAQ:GPRO) stock stumbled by 4.58% while that of Fitbit Inc (NYSE:FIT) climbed by 3% in late trading hours today after Morgan Stanley analyst Katy Huberty presented retail checks in the United States for this holiday season. These checks suggest that online sales activity for Fitbit enjoyed strong momentum while the action camera pioneer witnessed lackluster demand during the fourth quarter.
By Zacks Investment Research:
Chipotle Mexican Grill Inc (CMG) is slated to release its first quarter 2012 results on Thursday, April 19. The current Zacks Consensus Estimate for the first quarter is $1.92 per share, representing an annualized growth of 31.75%.
For Americans, the 4th of July is a time to celebrate what it means to be American. To get into the spirit of things, we've gathered a set of pictures that make us want to stand up and sing the national anthem. So sit back, relax, forget about Edward Snowden for a minute, and get in the mood for the holiday.