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Tag: Slump

Burger King sales slump as customers pull back on fast food spending amid inflation

Burger King Inc.’s sales fell last quarter despite touting discounts on its menu as inflation-weary customers continued to avoid eating out, parent company Restaurant Brands Inc. said Thursday. The Toronto-based conglomerate, which also owns brands such as Tim Hortons, Papa John’s and Popeyes, said same-store sales at the Whopper maker fell 0.1 per cent and […]

KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line

Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]

Nintendo profit plunge 55% as sales of Switch console slump

Nintendo said on Friday that sales of its seven-year-old gaming console, the Switch, had slumped and its profits had fallen 55%. The stock fell nearly 10% on Friday following the disappointing earnings report. Japanese video game company Nintendo’s sales for the first quarter, which ends in June as part of the Bank of Japan’s fiscal […]

Manufacturing’s Slump Undermines Key Kamala Harris Claim

Kamara talks about factories booming, but in reality manufacturing is in decline The economy is not cooperating with Kamala Harris’ attempt to change policy Economic performance of the Biden-Harris administration be politically advantageous. A key part of Vice President Harris’ appeal to Americans as she runs for president has been focused on the U.S. manufacturing […]

Sales Slump as Customers Stay Home

McDonald’s is taking a hit, but it’s not because of its fryers: The burger giant had a tough quarter with sales sagging as budget-conscious customers in the U.S., China and other countries opted for cheaper food or stopped going to McDonald’s. McDonald’s same-store sales fell 1% globally from April to June, its first decline since […]

Home sales slump in June as prices hit another record high

U.S. existing home sales fell more than expected in June and the median home price hit a record high again, but improving supply and lower mortgage rates raised hopes that home sales may recover in coming months. The National Association of Realtors said on Tuesday that home sales fell 5.4 percent at a seasonally adjusted […]

Home prices smashed another record in June as sales slump

Orlando-area real estate agent and TikTok creator Freddie Smith talks Florida’s expensive market and his best advice for achieving homeownership. Cost Buying a new home A new report shows it has hit another all-time high. According to data released by the National Association of Realtors, the median sales price of existing homes in the U.S. […]

Yankees allowing DJ LeMahieu to fight through brutal slump

DJ LeMahieu was back in the lineup as the No. 9 hitter on Saturday, but he was a far cry from the man he was a few years ago when he was one of the best hitters in golf. Speaking ahead of the game against the Rays in the Bronx, manager Aaron Boone said the […]