Expedia Rises, Sweetgreen Falls, Wendy's Jumps On Better-Than-Expected Results
Sweetgreen (SG) falls after the restaurant chain cut its revenue guidance for the full year, missing the average analyst estimate. William Blair downgrades its rating on the stock.Expedia (EXPE) rises after the online travel agency’s results pointed to strong and resilient travel demand. Peer Airbnb (ABNB) also rallies after the company gave a better-than-expected outlook for the holiday quarter.Wendy’s (WEN) rises after the company reported sales beat estimates by declining less than expected in the third quarter, further evidence that fast food is winning as cash-strapped consumers cut back on spending.See omnystudio.com/listener for privacy information.
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Expedia Rises, Airbnb Gains, Sweetgreen Falls After Rating Downgrade
On this episode of Stock Movers:- Expedia (EXPE) rises after the online travel agency’s results pointed to strong and resilient travel demand. Peer Airbnb (ABNB) also rallies after the company gave a better-than-expected outlook for the holiday quarter.- Airbnb Inc. (ABNB) rises after issuing a better-than-expected outlook for the holiday quarter, with a recently launched “reserve now, pay later” feature helping fuel demand in the US.- Sweetgreen (SG) falls after the restaurant chain cut its revenue guidance for the full year, missing the average analyst estimate. William Blair downgrades its rating on the stock.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers:- Expedia (EXPE) shares rallied in the premarket session after the online travel agency’s results pointed to strong and resilient travel demand. The company raised its full-year gross bookings and revenue outlook, signaling that strong travel trends are continuing into the holiday quarter. Revenue for the year is now expected to increase 6.5% at the midpoint, up from 3% to 5% previously, the company said Thursday in a statement. Analysts expected a 4.6% rise, according to Bloomberg-compiled estimates- Sweetgreen (SG) shares plunged ahead of the US market open after the company cut its full-year outlook after third-quarter results unexpectedly worsened, with the salad chain citing stubbornly weak demand. The company now sees revenue in a range of $682 million to $688 million, according to a statement, below the previous range. It also lowered guidance for same-store sales, which measure established locations. Same-store sales in the third quarter fell 9.5%, deeper than the expected 6.3% decline. The drop was led by lower foot traffic and consumers opting for cheaper meal options, Sweetgreen said. It saw a slight benefit from higher prices during the quarter.- Shares of fast food giant Wendy's (WEN) rallied after reporting sales that beat estimate by declining less than expected in the third quarter - further evidence that fast food is winning as cash-strapped consumers cut back on spending. Sales from existing restaurants fell 3.7% in the third quarter, Wendy’s reported in a statement. That’s above average of analyst estimates. The company also maintained its outlook for the full year after slashing it twice in the previous two quarters.See omnystudio.com/listener for privacy information.
On this episode of Stock Movers: - Shares of American Airlines (AAL) and United Airlines (UAL) edged lower in premarket trading as carriers across the US began canceling flights scheduled for the coming days, as the longest government shutdown in history upends air travel and forces thousands of passengers to change their travel plans. With hundreds of services already suspended by the four largest airlines, the world’s busiest aviation market has become a flashpoint in the long-simmering clash between Republicans and Democrats over federal funding as President Trump ramps up pressure to forge a deal.- Airbnb (ABNB) shares climbed in the premarket session after the company issued a better-than-expected outlook for the holiday quarter, with a recently launched “reserve now, pay later” feature helping fuel demand in the US. Revenue for the three months ending Dec. 31 will be $2.66 billion to $2.72 billion, the company said in a shareholder letter on Thursday, exceeding the Bloomberg-compiled analyst average estimate of $2.67 billion. The key metric of nights and seats booked is expected to increase in the “mid-single-digit range” from a year earlier, Airbnb said. That was in line with analysts’ estimates. Airbnb had previously warned about challenging comparisons with 2024.- Monster Beverage (MNST) shares moved higher in early trading after the energy drink maker's third-quarter results topped expectations. Net sales to customers outside the US reached a record high rate, Schlosberg said, accounting for about 43% of total net sales, up from roughly 40% a year earlier. The latest results underscore how the broader energy-drink industry is benefitting from coffee drinkers ditching cold brews for “better-for-you” caffeine and are eyeing overseas markets where consumption remains below soft drinks.See omnystudio.com/listener for privacy information.
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Rightmove Plunges, ITV Soars, Monte Paschi Gains
On this episode of Stock Movers:- Rightmove shares tumbled the most on record after the company warned that revenue growth was likely to be broadly flat in 2026, as it unveiled plans to boost investment in artificial intelligence.- ITV is in talks with Sky-owner Comcast about the sale of its media and entertainment arm in a deal that would dramatically shake up the UK broadcasting landscape.- Monte Paschi posted better-than-expected profit in the third quarter following its takeover of rival Italian lender Mediobanca.See omnystudio.com/listener for privacy information.
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