Has the experiential economy theme finally run its course. For the past few years, this has been a huge source of winners for us. Originally, we called it the long on money, short on time thesis.The idea that in a post-pandemic world, people were eager to splurge on experiences like travel, theme parks, concerts, even well, just going out to dinner. But over the past few weeks, it looks like the experiential economy ain't what it used to be. Even though I'm not ready to throw in the towel on this theme, the ...

President Donald Trump has signed a funding bill into law, which effectively ended the longest federal government shutdown in U.S. history. This measure will fund the government’s operations through the end of January. The ending of the shutdown was seen as a prospect for beaten-down restaurant operator Sweetgreen (SG). Citi Research analyst Jon Tower believes there is a chance the stock could skyrocket. Tower believes that with low expectations surrounding SG stock, signs of improving sales data followin ...

BRADENTON, Fla., Nov. 13, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc., (Nasdaq: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it will attend the Stephens Annual Investment Conference to meet with institutional investors and host a fireside chat on Tuesday, November 18, 2025 in Nashville, Tenn. at 10:00 AM ET. The fireside chat will be webcast live at https://investors.firstwatch.com in the News & Events se ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Restaurant menu prices are coming back down to Earth, a new State of Local Commerce study published by DoorDash says. According to the report, the delivery app’s Restaurant Price Index shows that menu price inflation started off 2024 at nearly 6% and steadied by Q2 2025. By September 2025, year-over-year inflation had slowed to 3.2%.  DoorDash typically uses the price of a cheeseburger as a micro-indicator of menu p ...

Shares of Rave Restaurant Group, Inc. (RAVE) have gained 20.6% since the company released results for the quarter ended Sept. 28, 2025, far outpacing the S&P 500’s 0.8% gain over the same period. Over the past month, however, the stock’s momentum moderated, rising 3.5%, slightly lagging the S&P 500’s 3.6% increase.RAVE’s Earnings SnapshotRave Restaurant posted solid year-over-year growth across several key financial metrics for the first quarter of fiscal 2026. Revenue rose 5.3% to $3.2 million from $3.1 mi ...

股价表现 - 自公布截至2025年9月28日的季度业绩以来，公司股价下跌9.9%，同期标普500指数上涨0.8% [1] - 过去一个月，公司股价下跌9.1%，而同期标普500指数上涨3.6% [1] 第二财季整体业绩 - 季度总收入同比增长11.1%，从4110万美元增至4570万美元 [2] - 季度营业利润同比下降22.1%，从960万美元降至750万美元 [2] - 季度净利润同比下降13.8%，从600万美元降至520万美元，稀释后每股收益同比下降14.3%，从1.47美元降至1.26美元 [2] - 季度调整后EBITDA同比下降20%，从1040万美元降至830万美元 [6] 各业务板块业绩 - 品牌产品计划收入同比增长18.4%，从2450万美元增至2900万美元 [3][4] - 产品授权收入同比下降2.8%，从950万美元降至920万美元 [3] - 餐厅运营收入同比增长4.9%，从650万美元增至680万美元 [3] - 公司收入同比基本持平 [3] 品牌产品计划运营指标与成本压力 - 品牌产品计划收入增长由热狗销量增长约7%和平均售价提高11%共同驱动 [4] - 该部门销售成本同比上升26.9%，从2330万美元增至2960万美元，反映出每磅热狗的平均成本因牛肉及牛肉碎价格上涨而上升20% [4] - 该部门营业利润从去年同期的盈利70万美元转为亏损110万美元 [4] - 本财年上半年，该部门收入增长14.7%，热狗销量增长3%，平均售价提高10%，但每磅热狗成本上升约16% [7] 餐厅运营业绩 - 季度餐厅销售额同比增长5.2%，从530万美元增至560万美元，康尼岛门店客流量增加7% [5] - 餐厅销售成本为280万美元，占销售额的50%，较去年同期的51%略有改善 [5] - 食品和纸张成本占公司自有餐厅销售额的比例从24.2%降至23.8%，人工及相关成本占比从26.5%降至25.7% [5] - 餐厅营业利润同比增长11.9%，从180万美元增至190万美元 [5] 特许经营与其他发展 - 本财年上半年新开设14家特许经营店，特许经营相关收入有所增加 [8] - 特许经营餐厅销售额（不计入公司收入）同比增长5.5%，从3630万美元增至3830万美元 [8] - 董事会宣布了两次每股0.50美元的季度股息，并于11月6日宣布了另一次季度股息和每股2.50美元的特别现金股息 [13] 管理层评论与市场动态 - 管理层强调商品通胀，尤其是牛肉市场的通胀，是业务利润率波动的主要驱动因素 [9] - 面临成本环境挑战，牛肉及牛肉碎价格涨幅可能超过定价行动，即使在收入增长期也对利润率构成压力 [9] - 更广泛的经济因素，如通胀趋势和劳动力成本增加，持续影响运营表现 [9] - 授权合作伙伴关系和特许经营扩张对支持长期增长至关重要 [10] 业绩影响因素与展望 - 当季强劲的营收表现主要来自品牌产品计划，受更高售价和温和销量增长推动 [11] - 成本结构吸收了显著的通胀压力，尤其是牛肉投入成本，导致营业利润率压缩 [11] - 公司未发布未来期间的正式财务指引，管理层对成本压力和市场不确定性保持谨慎态度 [12]

文章核心观点 - 星巴克被描述为一个早期阶段的扭亏为盈故事 其股价近期已从低点反弹并重回50日移动均线上方 [1] 公司业务与品牌 - 公司销售咖啡、茶、饮料和食品 旗下品牌包括星巴克咖啡、Teavana和Seattle's Best Coffee [2] 股价表现与市场观点 - 星巴克股价在数周内基本处于区间波动 但最近已从低点反弹并回到50日移动均线之上 [1] - 部分投资者可能因扭亏为盈过程耗时较长而失去耐心 [1]

Welcome back. Starbucks workers in dozens of cities launching a strike today on one of the most important days of the year for the company. Kate Rogers has that story for us. Morning, Kate. Good morning, Sarah. Workers United has launched its strike today at more than 65 stores in over 40 cities after the two sides failed to reach a collective bargaining agreement. The timing is significant. It's Red Cup Day and one of Starbucks busiest days of the holiday season. The union says more than a thousand workers ...

公司业绩与展望 - 公司在2025财年结束时实现了七个季度以来的首次全球同店销售额正增长，主要得益于美国客流量趋势改善以及包括中国市场恢复增长在内的强劲国际表现 [2] - 管理层认为复苏仍处于早期阶段，2026财年的进展可能不均衡，因为业务正在重建交易基础 [2] - 随着各时段（尤其是早晨）服务执行的加强，公司预计2026财年同店销售额将逐步提升，但承认复苏过程可能并非线性 [4] - 公司2026财年的关键在于维持客流量复苏的同时负责任地消化通胀压力，若执行到位且成本压力如预期缓解，2025财年打下的基础可能转化为更持久、全面的复苏 [6] 运营策略与举措 - 绿围裙服务的持续推广是主要变动因素，新的运营模式侧重于人员配置、速度和客户连接 [3] - 美国门店在9月份实现了由交易量引领的同店销售额增长，客户体验得分显著提高 [3] - 门店升级、延长早晨营业时间以及菜单创新（如蛋白冷萃泡沫和手工烘焙品）有望强化交易增长和高端产品组合 [4] - 公司正积极重组一般行政管理费用，并通过关闭表现不佳的门店来改善单店经济效益 [5] 成本与利润挑战 - 咖啡通胀和关税仍然是顽固的成本阻力，高昂的咖啡价格预计将至少在2026财年上半年挤压利润率，缓解可能要到下半年才会出现 [5] - 随着劳动力投资按年化计算，盈利增长将继续滞后于营收增长 [5] - 公司将谨慎使用定价策略，采取针对性方法以保持已改善的价值感知 [5] 竞争格局 - 麦当劳的麦咖啡平台持续受到欢迎，特别是在宏观压力下寻求价值的消费者中，其稳定的价格、广泛的覆盖面和强大的早餐客流量对星巴克的早晨时段构成竞争 [7] - Dutch Bros是特色饮料领域增长最快的参与者之一，其扩张的门店网络、年轻客户群和受欢迎的Rebel能量饮料在冷饮和功能性饮料领域对星巴克构成挑战 [8] - Dutch Bros对快速、友好服务的重视与星巴克的绿围裙服务目标直接相关，凸显了星巴克在2026财年必须在关键时段保持运营纪律以赢得份额 [8] 财务数据与估值 - 星巴克股价在过去六个月上涨0.9%，而同期行业指数下跌9.7% [9] - 星巴克的远期市销率为2.54倍，低于行业平均的3.39倍 [13] - Zacks共识预期显示，公司2026财年和2027财年每股收益将分别实现16.9%和23.6%的同比增长 [15] - 具体季度及年度每股收益预期详见原文表格，例如当前季度（2025年12月）的共识预期为0.62美元，同比增长估计为-10.14% [17]

We recently published Jim Cramer Discussed These 25 Stocks In An Important Show About AI Spending. Chipotle Mexican Grill, Inc. (NYSE:CMG) is one of the stocks Jim Cramer recently discussed. Chipotle Mexican Grill, Inc. (NYSE:CMG), the fast casual restaurant chain, is another frequent feature of Cramer’s morning show. The CNBC TV host believes that the firm’s struggles are related more to its business model rather than the general consumer sentiment. In several appearances, he has pointed out that Chipotl ...