On Tuesday, Chipotle hit a new 52-week high of $899 before closing the day at $890.95. The stock price has increased by 106.3% since the beginning of 2019.
PepsiCo will report its earnings for the fourth quarter of fiscal 2019 on Thursday before the market opens. Overall, 2019 was good for the company.
Macy's has decided to close 125 stores over the next three years. The company will also reduce 10% of its staff, which is around 2,000 corporate jobs.
Today, Philip Morris reported its fourth-quarter earnings. For the quarter, the company posted an adjusted EPS of $1.22 on revenues of $7.71 billion.
Home Depot's management expects its revenue to rise by 1.8% in fiscal 2019. They expect the company's revenue to rise by 3.5%–4.0% in fiscal 2020.
Yesterday, Chipotle reported its Q4 earnings after the market closed. The company reported an adjusted EPS of $2.86 on revenues of $1.44 billion.
Philip Morris will report its Q4 earnings before the market opens on Thursday. Analysts expect the company's revenue to rise and its adjusted EPS to fall.
Coca-Cola continued its strong performance in yet another quarter. The company reported its results for the fourth quarter of fiscal 2019 on Thursday.
Today, Altria Group reported its fourth-quarter earnings, which ended on December 31. For the quarter, the company reported revenue of $6.0 billion.