Consumers are preparing to spend “record amounts” for both K-12 and college supplies as students prepare to return to school in-person in the fall, according to a recent National Retail Federation report.
Maybe casual Fridays are dominated by jeans and other denim products, but last Thursday was Levi Strauss & Co's day (NYSE: LEVI). Both sales and earnings for the fiscal second quarter topped the analysts' forecasts, as the demand for famous denim products is on the rise in China and the U.S.
Stephens & Co. boosted the price target for Chipotle Mexican Grill, Inc. (NYSE: CMG) from $1,600 to $1,700. Chipotle shares fell 0.1% to close at $1,345.81 on Wednesday.