2/19/25

Wingstop slides as chicken prices come home to roost

Wingstop shares dropped sharply after the company posted a mixed earnings report for the final three months of 2024.

Wingstop reported earnings per share of $0.92, compared to the $0.86 analysts polled by FactSet were expecting. But it also reported $161.8 million in sales — up from the $127.1 million it made in the same period in 2023, but lower than the $165 million analysts were expecting.

The company said results were hurt partly because of higher costs of bone-in chicken wings in the final quarter. The company has exploded in popularity since 2020, in part because it’s been able to keep its prices competitive as the cost of beef outpaces the price of chicken.

Still, Tuesday marks the second earnings report in a row that left investors unimpressed. The company is down more than 5% in the past year, compared with a broader stock market that has risen sharply.

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Shake Shack is launching a French onion soup... burger

The fast-casual chain will be hoping premium upsells can fatten up its profit margins.

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Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Max Knoblauch

9/10/25

As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Nia Warfield

9/10/25

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

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