What's going on, and what to make of it.
business
e.l.f. Beauty reported 51% net sales growth to $520.8 million, beating estimates of $470.3 million. The company raised full-year guidance. International sales grew 165%. It is the most-searched brand on TikTok Shop.
business
Fossil Group posted its first quarterly profit since 2022 and returned to sales growth, as CEO Franco Fogliato's restructuring runs 18 months ahead of schedule. The stock trades under $8 a share.
business
JetBlue raised checked bag fees for the third time in a year, with peak-period first bags hitting $70. Jet fuel has roughly doubled since the Iran war began, costing airlines billions. Other carriers are expected to follow.
business
Kraft Heinz is divesting its North American coffee business, including Maxwell House and Gevalia, to One Rock Capital Partners for $650 million. The company will retain a 30% stake and use proceeds to pay down debt.
business
Consumers want travel and experiences but are buying physical gifts instead, Visa reports. Higher airfares and inflation are forcing trade-offs. Holiday sales growth of 4.5% is mostly inflation, with real growth at just 1.1%.
business
Wayfair posted its strongest quarter since the pandemic, with sales up 10% as it gained share in a sluggish furniture market. The gain comes despite a frozen housing market that has depressed the category for two years.
business
Wendy's rejected Nelson Peltz's Trian $1.4B takeover offer at $7.35 per share, calling it undervalued. The board adopted a one-year poison pill. Same-store sales fell for a seventh straight quarter.
starbucks
Starbucks will launch a Snowcap Marshmallow drink collection on Dec. 1 and a Bearista Glass Cold Cup Surprise Box on Nov. 10, both announced Nov. 9 as part of its 2026 holiday push.