 |
|
|
|||||
Shares of Krispy Kreme Inc. (NASDAQ: DNUT) plunged over 28% on Thursday after the donut-and-coffee chain said it will no longer pay out its quarterly dividend and that it was reassessing the deployment of its planned McDonald’s rollout, and fell short of earnings expectations, according to Bloomberg. Krispy Kreme’s earnings missed expectations for the first quarter of 2025, with the company posting an EPS (earnings per share) of negative $0.05, coming in below the EPS forecast of negative $0.04. It posted revenue of $375.2 million, within previous guidance but below a forecast of $385.11 million. Following the announcement, Krispy Kremes stock fell by 28.18% in premarket trading, and was still down nearly 25% by the time of market close. According to data from InvestingPro, shares of the stock have fallen over 65% in the past year. At the same time, the company said it is ending its quarterly dividend in order to pay down its mounting debt. Our ability to become a bigger Krispy Kreme requires that we become better, and we are taking swift and decisive action to pay down debt, de-leverage the balance sheet and drive sustainable, profitable growth, Krispy Kreme CEO Josh Charlesworth said. Krispy Kreme, which started selling its donuts at McDonald’s in March 2024, and currently sells at some 2,400 burger chain locations, said it won’t be expanding that rollout in the second quarter after sales slowed below projects, CNBC reported. Both companies had previously said the doughnuts would be sold in all McDonalds U.S. locations by the end of 2026. Like many fast casual chains, McDonald’s is seeing less traffic in its U.S. stores, as consumers, worried about skyrocketing prices and a potential recession, are spending less. Fast Company has reached out to McDonald’s for comment. Like many companies, the donut maker also pulled its financial outlook due to the uncertainty surrounding pricing and sales caused by President Donald’s Trump’s tariff wars. The well-known doughnut company, famous for its iconic Original Glazed doughnut, also sells beverages like coffee, and provides catering services. Krispy Kreme has had significant operational challenges recently after a cybersecurity breach last November disrupted its online ordering systems, causing ongoing disruptions to digital sales, which make up 15.5% of the companys doughnut-shop sales.
Category:
E-Commerce
Grab your boots and cowboy hats. The 60th Academy of Country Music Awards will have you two-stepping in your living room tonight (Thursday, May 8). This big anniversary show is sure to be an old-fashioned good time. Heres everything you need to know about this celebration of country music, including how to tune in. A brief history of the Academy of Country Music and the ACM Awards Believe it or not, the Academy was founded in Los Angeles, California: A group of country music lovers led by Tommy Wiggins, Eddie Miller, and Mickey and Chris Christensen founded the organization in 1964. Their goal was to promote country music and artists, such as Merle Haggard, in the west. As part of this larger mission, the ACM Awards were created in 1966. The signature hat trophy would debut two years later. Who is hosting the 2025 ACM Awards? Fast-forward to 2025 and country music superstar Reba McEntire is serving as host. This isnt her first rodeo, either. It marks year 18 of her having this honor, the most of any emcee. Who is performing at the 2025 ACM Awards? Beyond her hosting duties, McEntire will perform. This awards show is famous for its unconventional duet partners, and this year is no exception. Viewers can expect mashups from Rascal Flatts and the Backstreet Boys, Jelly Roll and Shaboozey, and Cody Johnson and Brooks & Dunn. Solo artists such as Megan Moroney, Alan Jackson, Chris Stapleton, Blake Shelton, Kelsea Ballerini, Lainey Wilson, Miranda Lambert, Wynonna Judd, and LeAnn Rimes will also wow audiences. Lets not forget groups such as Dan + Shay and Sugarland, who will also perform. Who is up for the Entertainer of the Year? Before we get to one of the biggest awards of the night, we have to mention the Triple Crown award. This has nothing to do with horses but the concept behind it is similar. This lifetime achievement award of sorts will be presented to Keith Urban because he has already won the New Artist, Artist of the Year, and Entertainer of the Year awards. If Luke Combs takes home Entertainer of the Year in 2025, he could be next in line for the Triple Crown himself. This 35-year-old North Carolinian already has New Artist and Artist of the Year under his belt. Combs is up against some fierce competition in Kelsea Ballerini, Cody Johnson, Jelly Roll, Chris Stapleton, Morgan Wallen, and Lainey Wilson. Viewers will have to tune in to see who takes home the coveted hat. How can I watch the 2025 ACM Awards? To see all the action on the Ford Center at The Star stage in Frisco, Texas, all you have to do is stream it live on Amazon Prime Video. The event begins tonight (Thursday, May 8) at 8 p.m. ET / 5 p.m. PT. According to the academy, you dont even need a Amazon Prime membership to watch the telecastjust a desire to have a good time. If Prime isnt your jam, you can also watch on the AmazonMusic channel on Twitch.
Category:
E-Commerce
Cardinal Robert Francis Prevost, who was just elected as the new leader of the Catholic Church, seems to have similar views on the environment as his predecessor, Pope Francis. Prevost, who is taking the name Pope Leo XIV, has been outspoken about the need for urgent climate action and voiced his support for the use of climate technology such as solar panels and EVs. Pope Francis, who died in April, made the climate crisis a central issue of his papacy. He urged fossil fuel executives to transition to clean energy, calling the rising greenhouse gas levels disturbing and a cause for real concern; he declared a global climate emergency; and he launched a project to power the Vatican with solar panels, among other acts. Now Pope Leo XIV seems poised to follow in Franciss environmental footsteps. When Francis spoke, in November 2024, about how climate change would impact the worlds most vulnerable populations, and how it requires global cooperation to address, Cardinal Prevost shared his support for climate action, too. Prevost stressed it is time to move from words to action, ” on the climate, Vatican News reported at the time. Prevost also warned against the consequences of unchecked technological development, while reiterating the churchs commitment to protecting the environment through actions like the Vaticans solar panels or by shifting to electric vehicles. In Catholicism, there’s the belief that God has given humans dominion over nature, a directive that has been interpreted by some as domination over the planet and its creatures. Pope Francis, however, championed an interpretation that advocated less for exploitation and more for harmony with nature, and the need to care for it. Cardinal Prevost has echoed this idea, saying, per Vatican News, that dominion over nature should not become tyrannical, but instead must be a relationship of reciprocity with the environment. Prevost hasn’t been vocal about his positions broadly, so it’s not exactly clear what environmental actions he’ll take during his papacy. But his bio on the College of Cardinals Report, a website run by Catholic journalists, notes that he is reportedly very close to Franciss vision regarding the environment, outreach to the poor and migrants, and meeting people where they are.
Category:
E-Commerce
On 212 E. 141st Place in Dolton, Illinoisjust a few blocks from Andys Hot Dogs and Chucks Gun Shop & Pistol Rangeresides a typical five-bedroom, three-bath, 1,200-square-foot brick home that is about to become a landmark. Because it’s the childhood home of Robert Prevost, the cardinal who has just been elected to become the next pope. [Photo: Redfin] Listed on Redfin for $199,000 at the time of publishing, the home matches an address and tax records first reported by South Cook News. It also aligns with Prevosts personal history. Born and raised in the south suburbs of Chicago, he spent most of his life in the region. The home, constructed in 1949, is typical of this neighborhood, which is filled with single-family homes built in the mid-century as families were attracted to lawn life and nearby train lines that could bring them into the city. Dolton is an area that HBOs show Southside once perfectly dubbed, the south side of the south side. [Photo: Redfin] Bordering Chicago, its part of a few suburban communities that still share the citys grid before golf courses and cul-de-sacs take over. These areas housed much of Chicagos Irish Catholic community before white flight in the 1990s dispersed them north, south, or east into Indiana. Prevost himself kicked around several south suburban cities, having lived in Homewood, New Lenox, and Olympia Fields. Notably, the home was purchased in May 2024 for $66,000 by a flipper who renovated it to include granite and subway tile in the kitchen, and what looks to be refinished wood (or new vinyl) flooring throughout. The property has been on the market for over 100 days and has been through one price reduction already. But if its rehabbers had had any clue about the coming results of the conclave, perhaps they could have saved the effort.
Category:
E-Commerce
A hot new high-stakes competition show went viral on the internet this week that had fans placing bets, joining fantasy leagues, tweeting live updates, and posting daily recaps. But it wasnt Love Island or Survivor. It was the conclave. The conclave is the Catholic Churchs traditional process for picking a new pope. It involves sequestering dozens of cardinals in a locked-down Sistine Chapel for an indefinite period, during which time they use a series of votes to elect a new pontiff. After each ballot, an old-fashioned system is used to let the world know whether a pope has been chosen: If the decision has not been made, black smoke issues from the Chapels chimney; if it has, the smoke is white. This afternoon, white smoke issued after less than two days, announcing that Robert Francis Prevost, who has taken the papal name Leo XIV, had been chosenand marking an end to a brief subculture of ultradedicated conclave fans. Weeks before the conclave began, fans were already turning the election into a quasi-sporting event, analyzing each of the 133 contenders and placing bets on their chances of success. Once the conclave was actually underway, cardinal fever only became more intenseand more strange. These are four of the oddest ways that conclave-watchers kept up with the news: 24/7 chimney watch For the most dedicated of pope watchers, the official Vatican News channel hosted a 24/7 close-up livestream of the Sistine Chapels chimney, where the much-awaited smoke issues after each ballot. Despite the fact that the video was largely unchangingexcept for the occasional seagull sounds or chatter from the street belowit consistently held the attention of thousands of viewers since going live yesterday. By the time white smoke was issued around noon ET Thursday, viewership nearly topped 300,000. Pope Crave For anyone whos a frequent X user, youre probably familiar with the account Pop Crave, which updates followers with pop culture news every few hours. Well, now theres that, but for the next pope. Pope Crave is keeping pope enthusiasts in the loop with a near-constant stream of conclave-related memes, photos, and, of course, real-time updates. The account started as a fan page for the film Conclave, but has since turned into a full-on conclave news outlet in its own right, working with ad hoc correspondents on the ground in Rome to deliver forthcoming details about the election process to its more than 70,000 followers. In an interview with Time magazine, the accounts main administrator, Susan Bin, said her long-term goal for the account is for the Holy See to hire us so we can make official Vatican memes. Today, Pope Crave broke the news that a new pope had been selected minutes before many major news networks. Polymarket Thousands of people have already joined conclave-based fantasy leagues and put down their hard-earned cash on the cardinal they like best. On the crypto trading platform Polymarket, Who will be the next Pope? was the current top trending query on Tuesday, amassing over $27 million in trade volume. A handy color-coded chart kept track of how each candidate was faring among bidders. Just after white smoke issued from the chapel, but before Prevost’s election was announced, bids on Cardinal Pietro Parolin shot into a significant lead, followed by the internets favorite, Cardinal Luis Antonio Tagle. Prevost’s election evidently came as a shock to most bidders, considering that his chances to win were hovering around 1% (and sometimes even edging closer to zero) in the days leading up to the decision. Conclave Island Frequent reality TV-enjoyers may have found it difficult to ignore that the conclave has a striking number of features in common with their favorite shows: a select group of individuals, sequestered from the rest of the world in an intense competition, which is also clouded in layers of mystery and drama. This certainly was not lost on many fans of the drag competition show RuPaul’s Drag Race, who took to captioning iconic images of the show with the conclave and speculating about what kind of cash prize the next pope might receive. Over on TikTok, creator Rob Anderson (@heartthrobert) took the reality TV comparison to the next level with a series of videos he called the Pope Games. Each installment was dedicated to explaining how the conclave works, as well as digging into all of the juicy gossip surrounding this years election, in a style that evoked the reality TV show Love Island. In his “Day 1 recap,” posted yesterday evening, Anderson began: Day one of the Pope Games is complete. 133 of these singles have entered the villa: no technology or contact with the outside world, leaving the ring light at the door, losing their Duolingo streaks. He went on to explain a shocking smear campaign, touched on reports that cardinals watched the Conclave movie to prepare for the election, and foreshadowed the schedule for day two.
Category:
E-Commerce
Sites : [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] [82] [83] [84] [85] [86] [87] next »