Threads is going for the boomers.
Meta appears to be testing the option to sign up for its X rival with a Facebook account, as it slowly separates Threads from its Instagram origins, with a support page but no official announcement yet. It opens up a new audience for the app, which is closing in on X's daily active user numbers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 minutes ago
- Yahoo
Chipotle stock sinks after company reports second straight sales decline, cuts guidance
Chipotle Mexican Grill (CMG) reported another quarter of negative sales growth, sending shares sharply lower in premarket trading on Thursday. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. Chipotle reported same-store sales fell 4% in the second quarter, more than the 2.9% decline Wall Street expected, according to Bloomberg data. Shares of Chipotle were down more than 10% before the bell. Traffic also fell more than expected, falling 4.9% against the 4.4% drop that had been forecast by the Street. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full-year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. CEO Scott Boatwright told investors that "ongoing volatility in our trends in the consumer environment" prompted the company to cut its full-year same-store sales forecast. Earnings were in line with forecasts, tallying $0.33 per share on an adjusted basis. Revenue missed forecasts, coming in at $3.06 billion, below the $3.11 billion analysts had expected. "We did see some share loss in the April-May time frame as the low-income consumer pulled back, but we're back to share gains yet again in June-July," Boatwright told investors on the company's earnings call. Boatwright added the company is "trending along with the macro and consumer sentiment at this point, and so I don't have overarching fears." Still, the exec admitted he believes its perceived value proposition isn't translating to consumers in the same way it did this time last year. "We've got to figure out a way we can communicate value for the consumer and showcase the value we are to QSR and fast casual," he said. "There's more work to do there, and that's what we'll lean into in the back half of the year." Boatwright told investors the company expects to return to positive transaction growth in the second half of the year. Chipotle expects tariffs to raise its cost of sales by 0.5% on an ongoing basis, with the company forecasting an additional 0.4% impact in the third quarter. In mid-June, the company launched Adobo Ranch, its first new dip since Queso Blanco. William Blair analyst Sharon Zackfia wrote in a note to clients prior to the report this new item "seemed to yield both improved traffic and ticket given the associated upcharge." CFO Adam Rymer said the company saw "strength" with sides, including the Adobo Ranch, which came "late in the quarter," but "other items like guac, queso chips, even drinks" held up "really nicely." An increased cadence of limited-time offerings, more sides and dips, leaning into its reward members, and its catering business will help it return to positive growth, Boatwright said. "I'm confident ... that we have a path to get back to mid-single-digit growth and return us back to where we need to be in the coming months." — Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@
Yahoo
19 minutes ago
- Yahoo
Fairfield County home listings asked for less money in June – see the current median price here
The median home in Fairfield County listed for $420,625 in June, down 1% from the previous month's $424,900, an analysis of data from shows. Compared to June 2024, the median home list price increased 13.7% from $374,900. The statistics in this article only pertain to houses listed for sale in Fairfield County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at Fairfield County's median home was 2,155 square feet, listed at $192 per square foot. The price per square foot of homes for sale is up 5% from June 2024. Listings in Fairfield County moved briskly, at a median 31 days listed compared to the June national median of 53 days on the market. In the previous month, homes had a median of 28 days on the market. Around 238 homes were newly listed on the market in June, a 19% increase from 200 new listings in June 2024. The median home prices issued by may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales. Across the Columbus metro area, median home prices rose to $390,000, slightly higher than a month earlier. The median home had 1,859 square feet, at a list price of $206 per square foot. In Ohio, median home prices were $295,000, a slight increase from May. The median Ohio home listed for sale had 1,779 square feet, with a price of $167 per square foot. Throughout the United States, the median home price was $440,950, a slight increase from the month prior. The median American home for sale was listed at 1,852 square feet, with a price of $233 per square foot. The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Lancaster Eagle-Gazette: Fairfield County home listings asked for less money in June – see the current median price here Solve the daily Crossword
Yahoo
19 minutes ago
- Yahoo
What You Need to Know Ahead of Home Depot's Earnings Release
Atlanta, Georgia-based The Home Depot, Inc. (HD) operates as a home improvement retailer in the United States and internationally. With a market cap of $369.1 billion, the company offers a diverse range of branded and proprietary home improvement items, building materials, lawn and garden products, decorative products, and related services. The home improvement titan is expected to announce its fiscal Q2 2025 earnings results before the market opens on Tuesday, Aug. 19. Ahead of this event, analysts expect the company to report a profit of $4.71 per share, up marginally from $4.67 per share in the year-ago quarter. It has surpassed Wall Street's earnings estimates in three of the last four quarters while missing on one other occasion. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Billionaire Peter Thiel is Betting Big on Stablecoins. Should You Buy the "MicroStrategy of Ethereum," Too? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect the company to report an EPS of $15.03, down 1.4% from $15.24 in fiscal 2024. However, its EPS is likely to rise 9.3% annually to $16.43 in FY2026. Shares of HD have gained 4.7% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 14.5% rise and the Consumer Discretionary Select Sector SPDR Fund's (XLY) 19.9% return over the period. On May 20, shares of HD closed down marginally following the release of its Q1 earnings. The company's revenue increased 9.4% from the year-ago quarter to $39.9 billion and surpassed the Street's estimates, mainly driven by a robust growth in customer transactions. However, the company's adjusted EPS for the quarter came in at $3.56, falling marginally short of the consensus estimates. Analysts' consensus view on HD's stock is highly upbeat, with a "Strong Buy" rating overall. Among 35 analysts covering the stock, 26 recommend "Strong Buy," one suggests "Moderate Buy," seven indicate 'Hold,' and the remaining analyst gives it a 'Strong Sell.' HD's mean price target of $422.18 represents a 12.2% upswing from the current market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
