
14 Black-owned spots in L.A. from the 101 Best Restaurants guide
In Jefferson Park, Harold & Belle's has been a destination for Creole and Cajun cuisine since 1969. Feb. 13, 2025 3 AM PT
The contributions made by Black-owned restaurants and bars in Los Angeles are immeasurable. Institutions like Harold and Belle's in Jefferson Park, Dulan's on Crenshaw in Hyde Park and Lalibela in Carthay have a long-standing presence in neighborhoods across the city. These are places that hold deep meaning for their communities, creating neighborhood hubs for locals and sought-after destinations for everyone else.
These 14 restaurants and bars were featured in the most recent edition of The Times' 101 Best Restaurants in L.A. written by critic Bill Addison and me. They were also pulled from our Hall of Fame, a collection of businesses whose importance exceeds any year's list, as well as from the list of our favorite places to drink.
In writing about Post & Beam for the most recent 101 list, I described John and Roni Cleveland's Baldwin Hill's restaurant as one of the beating hearts of our city. The same could be said for many of the businesses featured here. A colleague, assistant food editor Danielle Dorsey, recently reported on the planned closure of Post & Beam. It's a reminder of the fragility of our favorite restaurants, how vital their presence is in the city and how important it is to continue to support them.
This list is a great place to start. — Jenn Harris
No matching places!
Try changing or resetting your filters
Showing Places
Watts Soul Food $
By Jenn Harris
What is the purpose of a restaurant? Is it purely sustenance? Does it exist to serve the people of its neighborhood? These are questions I find myself pondering while digging into a piece of fried chicken at Keith Corbin and Daniel Patterson's Watts restaurant. Patterson, who founded the Michelin-starred San Francisco restaurant Coi, and Roy Choi originally opened Locol in 2016 with a menu full of reimagined fast-food favorites and a mission to create employment opportunities for the surrounding community. It closed in 2018 but recently was reopened by Patterson and Corbin, a former Locol kitchen manager who is now the executive chef and co-owner with Patterson of Alta Adams. Locol operates under their nonprofit, Alta Community, and aims to employ Watts residents and trainees from a nearby youth center. This means that service is always youthful and friendly, and you'll likely spy a patient manager training team members during your visit. The two chefs have said that economic empowerment, not food, is the highest purpose of the business. But the new menu, which may not always reflect the day's offerings (they may be out of a few things), still satisfies with smoked brisket and ribs, oxtails and fried chicken sandwiches. Corbin is making dishes inspired by the food he's now known for at his California soul destination Alta Adams, but at a lower price point. The sentiment behind Locol can best be described in a quote featured above the front doorway: 'We are here!' And that is a very good thing, since the foldies, the stuffed tortillas the original Locol was known for, are still griddled to toasty, cheesy perfection. Route 1950 E. 103rd St., Los Angeles, California 90002
Route Details
Little Ethiopia Ethiopian $$
By Bill Addison
Tenagne Belachew's quiet haven is one of the places I most consistently bring out-of-towners for lunch. We build our meal around the 11-dish 'veggie utopia,' uplifting in its chromatics of salads, simmered vegetables and thick lentil purees spiced to profound, molecular levels. Sometimes I veer to bozena shiro, a bubbling chickpea stew laced with a bit of minced meat, or yebeg alicha wot, a mild and creamy lamb sauté. Always, though, I return to the 'special kitfo,' beef tartare glossed in butter infused with mitmita (a rounded, cardamom-forward spice blend) and matched with fluffy curds of fresh cheese and pureed collards. Little Ethiopia, in general, is a treasure. Meals by Genet, reopened in early 2024 for weekend dinner hours, has ascended to the 101 Hall of Fame. I sometimes can't decide between the dulet (raw minced beef liver, tripe and other cuts in spiced butter) at Messob; a vegetarian platter followed by a cup of fortifying, freshly roasted coffee at Rahel Ethiopian Vegan Cuisine; or turmeric-stained alicha tibs at Awash, just technically outside the neighborhood. Most often, I return to Lalibela.
Route Details
Baldwin Hills/Crenshaw Californian Southern $$
By Jenn Harris
I think of Post & Beam as one of the beating hearts of the city, a sort of central hub where the biscuits and the shrimp and grits possess a gravitational pull that directs people straight to the Baldwin Hills Crenshaw mall. It's been this way since Brad Johnson opened the restaurant in 2011, then handed the keys over to John and Roni Cleveland in 2019. The food celebrates the flavors and spirit of Southern cooking, where black-eyed peas share real estate on the table with catfish rubbed with jerk spice over a mound of dirty rice. The shrimp and grits, a dish most emblematic of Lowcountry cuisine, is long-cooked into something luxurious. The coarsely ground corn transforms into a smooth, creamy porridge studded with tiny squares of sweet red peppers. The way I feel about the braised oxtail grilled cheese borders on obsession. Brunch here is cheery. Parties merge and mingle over bottomless mimosas and plates of pecan pie French toast. It's worth noting that the best seats in the house are at the bar, opposite the pizza oven, where you can watch trays of biscuits rise and turn a pale golden. These are the biscuits against which I judge all others, with flaky layers you can peel away and a tender crumb. With two to an order, you can eat one for brunch and one on the drive home. Post & Beam announced that it will close at the end of February.
Route Details
Mid-Wilshire Soul Food Californian $$
By Jenn Harris
When I think of the dishes integral to this city's taco identity, Alisa Reynolds' oxtail tacos at her California soul restaurant are some of the first that come to mind. The velvety strands of oxtail are braised for six hours until the meat is slack, succulent and nearly spreadable. Reynolds places a heap in a warm corn tortilla with roasted tomatoes and showers the taco with wisps of curly kale and slivers of raw red onion. The meat juices run wild and mix with a drizzle of whiskey reduction, the two creating a heady dressing for the taco and anything else on your table. Regardless of how you feel about meat pressed into a loaf (lifelong stan here), the turkey meatloaf burger here is ingenious. Reynolds coats the slab in panko, then fries it until a crisp crust forms. Nestled between two slices of Texas toast with fresh shaved apple, it's one of Los Angeles' great sandwiches. Reynolds' sister Theresa Fountain, with whom she opened the restaurant in 2013, is responsible for all the desserts. I typically find myself with little room for something sweet after lunch, but I never leave without a slice of her vegan sweet potato pound cake. Reynolds has called My 2 Cents a gift to the city. I couldn't agree more.
Route Details
Hermosa Beach Middle Eastern cuisine $$
By Jenn Harris
I had my first brik a decade ago, at a long-shuttered restaurant in downtown L.A. appropriately named the Briks, a melting pot of Middle Eastern and Spanish influences with a focus on the phyllo-wrapped pastry ubiquitous across Tunisia. The savory fillings vary, but the exterior should be fried and golden, and you'll typically find an egg in the center. At Barsha, chef Lenora Marouani's brik is closer to a triangular egg roll, with a bubbly wonton wrapper shell that encases soft potato, chopped tuna and capers. The filling is bunched into the center, with long, crisp shards of pastry at all three corners. To dip, there's a smoky harissa aioli smeared on half the plate. It's the preferred way to begin a meal at Marouani and husband Adnen's Hermosa Beach restaurant. Inspired by Adnen's Tunisian roots, the menu encompasses chickpea stew, shakshuka and turmeric-stained chicken mosli. The couscous that accompanies the lamb meatballs is about triple the size of the Moroccan variety, submerged in a savory tomato stew and served with a spoonful of cool labneh. A true neighborhood staple as well as a citywide destination, it's just the sort of place where I'd be lucky to be a regular.
Route Details
Hyde Park Southern $$
By Jenn Harris
Greg Dulan remembers his father, Adolf, teaching him to make fried chicken with a brown paper bag and a cast-iron skillet. The method creates a golden, rugged landscape of well-seasoned crunch and meat that drips when you take a bite. The Dulans have been serving that same fried chicken, and an array of soul food dishes, since Adolf and his wife, Mary, opened Aunt Kizzy's Back Porch in Marina del Rey in 1985. The family expanded its soul food empire with restaurants in Inglewood, Gramercy Park and Crenshaw. Greg, who runs the Dulan's on Crenshaw, reopened the restaurant earlier this year after a substantial remodel. A large kitchen absorbed the old hot bar, where patrons used to line up at the counter to watch their plates being assembled. The macaroni and cheese is some of the best in the city, the noodles completely engulfed in cheese. Once the collard greens are long gone, you'll want to gulp, not sip, the pot likker. I appreciate the new space, especially the blown-up picture of Greg's grandparents, Zady and Silas, who watch over you while you eat your fried chicken.
Route Details
East Hollywood Caribbean $
By Bill Addison
Free the shrimp roti from its wrapper paper and you notice the bundle has already been cut in half. Its colors and patterns mesmerize for a few seconds: The flaky folds of paratha seem to barely contain spice-crusted shrimp, a saucy aloo (potato) sofrito, streaks of bright green herb-chile sauce and purple veins of turmeric-tinged cabbage slaw. The flavors are as blinding as the colors; crunchy textures bump against smooth ones. Fans of Rashida Holmes' Caribbean American cooking have waited nearly three years for moments like this — when her breakthrough pop-up finally transitioned to a permanent location. Bridgetown Roti debuted in July in a cheering East Hollywood storefront, with Joy Clarke-Holmes (Rashida's mother) and Malique Smith as partners. Holmes channels the richness of Bajan and Trinidadian cultures in not only rotis but also delicate cod fish cakes dabbed with garlic aioli, callaloo simmered to melting surrender in coconut broth with peppers and her inimitable savory patties (curried oxtail for the win). Oh, and hands down the creamiest, crustiest, most superlative baked macaroni and cheese in Los Angeles.
Route Details
Inglewood West African Southern $$
By Jenn Harris
It's difficult to put a finger on the cuisine at Two Hommés, Abdoulaye Balde and Marcus Yaw Johnson's Inglewood restaurant. Though the two describe it as 'an Afro-centric eatery,' the menu actually circles the globe. Honey berbere chicken bites are all juice and crunch, glowing with the Ethiopian spice blend. The crudo, regardless of the day's fish, is fresh and tart, vibrant with pickled onion and the flavor of passion fruit alongside nicely fried tostadas. Lamb dibi, a mustardy grilled lamb found throughout Senegal, is used as a filling for quesadillas. The shredded, smoked lamb shoulder mimics strands of birria between the toasted tortillas with bits of sweet fried plantain and Oaxacan cheese. Mountains of garlic noodles are springy, garlicky and a tad sweet. You can order the noodles or jollof rice as the base for a platter with a number of proteins, including short ribs braised in root beer until the glaze resembles caramel and hulking filets of fried catfish. The jollof platter, served with appropriately named 'bomb azz black beans,' arugula salad and plantains, is quite the feast.
Route Details
West Adams Californian Soul Food $$
By Jenn Harris
What makes a pancake a really good pancake? I found myself mulling that very important question during a recent brunch at Keith Corbin and Daniel Patterson's West Adams restaurant. Before then, I'd thought that Corbin's biggest flex was his oxtails, a supremely satisfying dish with an undercurrent of umami that comes from braising the meat in a liquid fortified with miso and soy. Or was it his fried chicken, magnificently crisp, juicy and well seasoned? My cornmeal pancakes arrived as big and wide as my car's spare tire, impossibly fluffy and with lacy edges that resembled the crunchy parts of a really good cookie. The accompanying brown butter maple caramel sauce gleefully transformed breakfast into dessert. Brunch has quickly become my favorite meal here, mostly due to that short stack of pancakes. But also because you can order the fried chicken as three or six pieces, with a buttermilk waffle or in a biscuit sandwich dripping with honey. And those oxtails come heaped over a bowl of creamy grits.
Route Details
Jefferson Park Creole Cajun Soul Food $$
By Jenn Harris
2024 Hall of Fame
The gumbo at Harold & Belle's is an ambush of heat and smoke, the spice of the andouille sausage leaching into the umber stew. Crowded with shrimp and blue crab legs and woodsy with sassafras, it's a hearty bowl that evokes the Creole roots of the restaurant. For 55 years, Angelenos have frequented this corner in Jefferson Park for a taste of New Orleans. Harold Legaux Sr. and wife Mary Belle, the real Harold and Belle, opened the restaurant in the fall of 1969 as a place for fellow New Orleans transplants to gather over familiar po'boy sandwiches and gumbo. Now, third-generation owners Ryan and Jessica Legaux run the restaurant, expanding the family's footprint in the community with catering, a takeout operation called To-Geaux and a vegan menu. Fried chicken is encased in a craggy coating like armor. Po'boys overflow with golden fried shrimp and oysters. Each grain of rice in the jambalaya seethes with a hot mixture of paprika and cayenne. There's a warmth to the staff not easily duplicated elsewhere, and meals tend to feel like visits to a friend's house.
Route Details
Leimert Park American $
By Bill Addison
2023 Hall of Fame
With nearly 20 options for hot dog toppings, it might take several trips to Earle's to nail down your go-to order. Make mine a classic chili-cheese dog with raw onions. Generations of Angelenos know brothers Cary and Duane Earle, who began selling hot dogs in 1984 and opened their first stand-alone restaurant in 1992. Several locations later, settled on a well-trafficked stretch of Crenshaw Boulevard in Leimert Park, their storefront is a citywide favorite — including for vegans, with plant-based versions of Earle's signature hot dogs, burgers and cheese fries. Who is that ray of sunshine radiating from behind the counter? The brothers' mom, Hildred Earle-Brown, who as community grandmother seems to never forget a face.
Route Details
Little Ethiopia Ethiopian $$
By Bill Addison
2023 Hall of Fame
In her semi-retirement, Genet Agonafer prepares meals for takeout from her Little Ethiopia stalwart from Thursday through Sunday and opens her once-bustling dining room for private events. The care in her food is as palpable as ever. Let's never imagine a day without the restaurant's doro wat, an indivisible sum of chicken, onions and profound berbere spices. Agonafer, who is vegan, creates a beautifully ordered landscape with her vegetarian platter: forest-green collards border earth tones of spiced lentils and split peas and marigold shades of turmeric-stained cabbage. Follow a similar path by adding an order of long-simmered foul warmed with green chile, or diverge with yebegsisga alitcha, a buttery and gently garlicky lamb stew.
Route Details
Willowbrook
| 2020
By Bill Addison
2022 Hall of Fame
Hawkins' burgers are thick brutes with charred edges. The toppings that complete them recall park barbecues on holiday weekends. Some lofty creations at this Watts stalwart — run by Cynthia Hawkins, whose father began the business as a stand in 1939 — have become signatures over the years, including the Leaning Tower of Watts: 1½ pounds of burger impaled on a skewer with hot links, pastrami and bacon, dressed with egg and chili. No ornate trimmings needed, though: A single-patty model more than holds its own.
Route Details
Inglewood Wine Bars $
By Jenn Harris
Wedding planner Leslie Jones and attorney Le Jones turned an auto body garage into the first and only wine bar in Inglewood. The siblings live in the area and were tired of driving elsewhere for a night out. Now, every day at 1010 Wine Bar feels like the entire room is one big party. There are meet-and-greet nights with a winemaker. Or Black-Out Game Night, when a group that aims to amplify Black game designers brings dozens of board and card games to play at your table. The bar boasts the largest selection of wines from Black-owned wineries in California. And you can be as nerdy as you'd like, with wine flight tasting sheets you can fill out as you sip. On a recent visit, my bartender introduced me to a Kumusha Sauvignon Blanc from South Africa, bright with melon and passion fruit, and Aslina Umsasane, a Bordeaux-style red blend that was the perfect match for my suya-spice-rubbed beef skewers. I appreciate the extensive knowledge of the bartenders, but what keeps me at the bar for another round is their real eagerness to share their favorites.
Route Details
Get our weekly Tasting Notes newsletter for reviews, news and more.
You may occasionally receive promotional content from the Los Angeles Times.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Axios
an hour ago
- Axios
Brooklyn Village developers warn county it will forgo affordable housing plan
The Peebles Corporation is warning Mecklenburg County that if it doesn't subsidize affordable housing for Brooklyn Village, the developer will proceed with its original plan to build mostly luxury apartments on the historically significant site. Why it matters: It's looking increasingly less likely that Peebles will actually redevelop Brooklyn, once a thriving Black neighborhood in Charlotte until it was razed in the '60s and '70s. A legal battle could ensue if the county wants to reclaim control of the site it sold to The Peebles Corporation for a discount. Catch up quick: Mecklenburg County sold prime land near Uptown to The Peebles Corporation and its development partner at a discounted rate, expecting they would honor Brooklyn through a mixed-use development that incorporates affordable housing. But the project has stalled for years because of negotiations and construction delays, which have been blamed on market conditions. In February, the development team revised its proposal and said it would build 250 affordable housing units — instead of 550 mixed-income units — in part to restore confidence with county commissioners. The latest: Peebles told the county April 18 it would miss a contractual deadline to demolish a building on the site due to the discovery of asbestos. WFAE reports that the county may use this latest delay as an out from its relationship with Peebles. In an unprompted email to Axios on Tuesday, Peebles emphasized that it now owns the Brooklyn land. "There is no reversion provision for Mecklenburg County to take it back," the email states. Peebles also said it scored among the top applicants for a government subsidy to build affordable housing. However, the email claims the city was "insistent" that the county contributed, and the county refused. Peebles further blamed the county for not disclosing the asbestos. It added that the building is on Phase 2 land for Brooklyn Village, which the developers do not own and, according to the email, do not plan on acquiring within the next decade. "The County wants BK Partners to pay for and perform an environmental clean-up of a building we do not own," the email states. "They are trying to shift the cost of extensive clean up." The other side: A letter Mecklenburg County's outside attorney sent to Peebles Corp. in late April, reported by WFAE, reads, "In reality, this is merely a continuation of BKV's ongoing attempts to avoid performing the demolition and removal work it agreed to perform. Clearly, BKV did not proceed diligently because it has been hoping it could evade its obligations." Mecklenburg County provided Axios with its April 30 response to Peebles but declined to comment further. The bottom line: The latest email effectively warns the county to approve its request for more funding if it's "genuinely committed to providing more affordable housing." "Otherwise, we will wait until market conditions improve in Charlotte and then proceed with our original plan," the email states. What's next: Developers say they expect to meet with the county in the coming weeks to seek a resolution. Read The Peebles Corporation's statement to Axios in full below: 1. The development team of BK Partners, composed of Conformity Corp and The Peebles Corporation, owns the Phase 1 land. 2. There is no reversion provision for Mecklenburg County to take it back. 3. BK Partners has the right to build luxury apartments, a hotel, office and retail. 4. Current market conditions make construction of any of these uses infeasible economically. This is due to the impact of a global pandemic, the tripling of interest rates and an oversupply of apartments in the market. 5. BK Partners has an obligation to build 10% of any apartments on Phase 1 as affordable. 6. To address the County's and City's need and desire for more affordable housing, BK Partners was willing to build 250 units of affordable housing in two buildings. 7. As is the case for all affordable housing in Charlotte and the nation, a government subsidy is required. We applied for it and scored at the top of the applicants. 8. The City was insistent that the County contribute to their subsidy and the County refused. 9. As to the Board of Education building: A. It is on the site of Phase 2 which we do not own and do not plan on acquiring in the next 8-10 years. B. At the County's request two years ago, BK Village agreed to demolish the building under the expectation that there was minimal asbestos. C. Prior to securing a permit for demolition, an additional environmental study was performed, and extensive friable asbestos was discovered. This extended the timeframe to demolish the building significantly as all the asbestos will need to be removed by hand first. Then demolition will follow. D. The extensive asbestos in the building increased the demolition costs fivefold and added 6 to 8 months of time to the demolition process. E. BK Partners was unaware of the extensive environmental contamination of the building prior to this discovery. F. Apparently, the County government knew of the contamination but did not disclose this information to us. 10. The Board of Education Building has nothing to do with the schedule of Phase 1, nor does it impact the construction of affordable housing. It is the County government who is trying to leverage the construction of affordable housing to force us to cover the cost of the environmental clean-up of the Board of Education building in exchange for them to support affordable housing on Brooklyn Village Phase 1. We are surprised and disappointed by their approach. However, this is a complicated issue which will need to be addressed at some point. 11. The County wants BK Partners to pay for and perform an environmental clean-up of a building we do not own. They are trying to shift the cost of extensive clean up to BKV Partners. 12. BK Partners does not understand the urgency of the Board of Education building demolition as our original development agreement contemplated it being demolished before we started on Phase 2, which is 6-8 years away. 13. BK Partners has asked the County to allow us to proceed with the affordable housing buildings now and separately work out the issues involving the environmental clean-up. 14. If the County is genuinely committed to providing more affordable housing, it will approve our request. Otherwise, we will wait until market conditions improve in Charlotte and then proceed with our original plan. 15. BK Partners plans to meet with the county in the coming weeks to try and reach a resolution to move forward with the affordable housing. 16. There have been several reports of how we have delayed the project. Here are the facts: A. The Development Agreement was approved by the county Commission October 2016. B. The County did not control all of the land in Phase 1 because the City had rights to recover a portion of the land in Phase 1. C. The County and City did not reach an agreement on the land until 2021. D. BK Partners acquired the land under Phase 1 for $10 million in 2023. E. BK Partners immediately commenced demolition and site work on the property as required in the agreement with the County.

Miami Herald
an hour ago
- Miami Herald
Walmart analysts reboot stock price targets on credit card deal
Look up, look down, Walmart (WMT) is all around. First, we'll go high. The world's largest retailer, which has a store within 10 miles of 90% of the U.S. popuation, recently said it would expand its drone delivery service through Alphabet-owned (GOOGL) Wing. The expansion will reach customers from 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa within the coming year. Don't miss the move: Subscribe to TheStreet's free daily newsletter With the expansion, Walmart's drone deliveries will be available in five states: Arkansas, Florida, Georgia, North Carolina and Texas. "As we look ahead, drone delivery will remain a key part of our commitment to redefining retail," Greg Cathey, senior vice president of Walmart U.S. Transformation and Innovation, said in a statement. Meanwhile, the "Tonight Show"'s Jimmy Fallon hosted Walmart's annual meeting, which also included such musical acts as the Killers, Noah Kahan, Camila Cabello and Post Malone. Walton Goggins, who is appearing in Walmart's new ad campaign, and Chris Paul, guard for the NBA's San Antonio Spurs, also showed up. "Walmart is No. 1, so shove it, Target," Fallon sang, digging at one of the company's key rivals. "There is no place I would rather be on Friday at 8 a.m." Walmart President and CEO Doug McMillon told the audience that the company wanted "to be a lab of opportunity," the Arkansas Democrat Gazette reported. Bloomberg/Getty Images "The real magic happens with the combination of our people and technology," he said. ""We love people and we embrace change." More Retail Stocks: Halloween retailer sounds warning consumers need to hearTarget expands same-day delivery to 100s of retailersWalmart makes surprise cuts as it looks at tariff price hikes And then there was the news that Synchrony Financial (SYF) and OnePay, a fintech majority-owned by Walmart, would launch a new credit card program. That's scheduled to go live in the fall. OnePay, which Walmart created in 2021 with the venture firm Ribbit Capital, will handle the customer experience for the card program through its mobile app. In 2023, Walmart sued Capital One to end their credit card partnership early, alleging that McLean, Va., financial services company was not fulfilling its contractual obligations. A federal judge ruled in Walmart's favor, but Capital One was evaluating its right to appeal. The companies settled last year and the lawsuit was dismissed. The Walmart card program had 10 million customers and roughly $8.5 billion in loans outstanding last year, when the partnership with Capital One ended, according to Fitch Ratings. TD Cowen noted that Synchrony would not purchase the existing Walmart card portfolio from Capital One (COF) , so this new program will have to be built from scratch, according to The Fly. Similar to any new portfolio, TD Cowen said, it will likely be dilutive to holders at first, as Synchrony will need to build reserves, the analyst tells investors. However, while the investment firm said it would need more details from the Bentonville, Ark., retailer, the fact that Walmart, via OnePay, decided to come back to Synchrony indicates "favorable negotiating position/economics" for Synchrony in this deal. It views the plan as a positive for the financial services group. TD Cowen has a buy rating and $68 price target on Synchrony shares. Related: Walmart quietly launches new same-day delivery option in 5 more US cities Walmart shares are up 7% this year and up nearly 45% from this time in 2024. RBC Capital raised its price target on Walmart to $103 from $102 and affirmed an outperform rating on the shares. Having attended the company's Annual Associates & Shareholders Week meeting, the investment firm said management's tone and messaging were consistent with the Q1 earnings call in mid-May. Management said it was working on an artificial-intelligence-enabled offering that will reorder core grocery items when they're running low. The company is working to leverage AI to pair consumer-purchases data and smart-fridge technology, the firm said. KeyBanc raised its price target on Walmart to $110 from $105 and maintained an overweight rating after the annual meeting. The firm came away incrementally positive on Walmart's ability to drive share gains in 2025 and beyond; growth of e-commerce and advertising; and Walmart's ability to grow operating profit faster than sales over a multiyear horizon. Importantly, KeyBanc said that it continues to believe Walmart's digital business is exhibiting flywheel characteristics, where growth should drive additional growth. While it still sees potential risks to consumer spending as the Trump administration's tariffs start to flow through to store-shelf prices, the firm says Walmart is among the best positioned in retail. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
2 hours ago
- Yahoo
Sask. to put American-made booze back on the shelves
The Saskatchewan Liquor and Gaming Authority (SLGA) is resuming the purchase and distribution of American-made alcohol. All American alcohol products will now be available for purchase through all distribution centres and private liquor distributors in the province, said David Morris, a spokesperson for the corporation, in a statement to CBC on Tuesday. "This change gives Saskatchewan people the option to choose whether they want to buy these products or consider alternatives," Morris said. The federal government's 25-per-cent tariff on U.S. alcohol remains in effect. Morris said Saskatchewan consumers are still encouraged to support Saskatchewan and Canadian products when there is an option. The change comes nearly three months after the province reversed its decision to stop selling some American-branded alcohol products made in Canada. In March, the province announced a ban on all American alcohol products. It then walked back that ban for 54 brands that, while American-owned, are produced in Canada. It said in a statement the move aligned with other provinces and that it would focus its ban on alcohol produced in America.