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Tag: Uber Technologies Inc

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

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Abu Dhabi leads $167 million investment in Spanish delivery app

A courier for Spanish on-demand delivery app Glovo. Glovo Spanish food delivery app Glovo has raised 150 million euros ($167 million) in a fresh round of funding to ramp up hiring and expand internationally. The financing effort was led by Mubadala, the sovereign wealth fund of Abu Dhabi, and was also backed by existing investors …

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Chewy stock surges as online pet retailer brushes off lockup expiration

A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Chewy, the online pet retailer, gained more than 5% on Wednesday, as the company brushed off lockup expiration …

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Dear Alibaba, thank you for the $10 trillion gift, Retail News, ET Retail

By Shuli RenHas the golden age of asset management finally arrived in Asia? For years, Asia’s hottest unicorns left their homelands to list in New York for one simple reason: a deep pool of U.S. money. And they have been rewarded. From Alibaba Group Holding Ltd. to JD.com Inc., more than a dozen Chinese companies …

Dear Alibaba, thank you for the $10 trillion gift, Retail News, ET RetailRead More

DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals Grubhub and Uber Eats captured …

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Alibaba readies $13 billion Hong Kong listing before end of November

Attendees pass by an Alibaba.com display at CES 2019 in Las Vegas. David Becker | Getty Images Alibaba is planning a secondary listing in Hong Kong which is likely to take place in the last week of November and raise approximately $13 billion, a source with direct knowledge of the matter told CNBC. The Chinese …

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GrubHub not a warning sign on food delivery

GrubHub’s terrible earnings and more than 40% stock plunge last week is not indicative of the potential of the broader food delivery business, Postmates co-founder and CEO Bastian Lehmann told CNBC on Thursday. When asked if the catastrophe at rival GrubHub was just a GrubHub problem, Lehmann said, “100%,” adding it’s “the idea that bad …

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Starbucks to open its first mobile pick-up store

Starbucks’ first mobile pick-up store Source: Starbucks Starbucks will open its first mobile pick-up cafe Nov. 5 in New York City. Customers will use Starbucks’ app to order and pay for their orders. The opening of the store, located in Manhattan’s Penn Plaza, comes as the coffee chain tries to address consumers’ desire for convenience. …

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Starbucks (SBUX) earnings Q4 2019 meet estimates

Starbucks on Wednesday reported quarterly revenue that topped analysts’ expectations as cafes in the U.S. and China attracted more customers. Shares of the company jumped more than 2% in extended trading. “Our U.S. business delivered 6% comparable store sales growth in the fourth quarter, while China grew comparable store sales by 5% and total transactions …

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Yum Brands (YUM) earnings Q3 2019 fall short of expectations

A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations after its GrubHub investment weighed on profits. Yum’s two other chains, Pizza Hut and KFC, missed Wall Street’s …

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