Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Bed, Bath & Beyond’s (BBBY) latest quarterly report showed same store sales dropped by about 0.5%. Also, net income was down dramatically from a year ago. The company is facing growing competition from online retailers and big box stores like Walmart and Amazon.
Another retirement from the C-Suite at Starbucks (SBUX). The coffee giant just announced its CFO Scott Maw is retiring in November. Maw plans to stick around as a consultant through next year. The announcement comes just two days after Chairman Howard Schultz left the company.
A big shake-up is coming to Chipotle (CMG). The company plans to close up to 65 underperforming stores and revamp its marketing. Under new CEO Brian Niccol, Chipotle has been focusing on online sales. That includes in-app delivery and a new loyalty program. Chipotle execs say they’re focusing on “aggressive growth” in the US.
It looks like Comcast (CMCSA) is not giving up on its fight for Fox (FOX). The Wall Street Journal says Comcast is exploring possible partnerships to raise more cash. This comes one day after the Justice Department signed off on Disney’s (DIS) bid for Fox’s assets. Under the consent decree, Disney will have to sell off Fox’s regional sports networks.
Facebook (FB) is testing a new version of Instagram. Instagram Lite quietly appeared in the Google play store this week. An Instagram spokesperson tells our sister site TechCrunch that it takes up less space and uses less data. The app could help get Instagram on older phones with slower data, primarily in the developing world.