Expedia Rises, Sweetgreen Falls, Wendy's Jumps On Better-Than-Expected Results
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Show Notes
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.
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