Consumer Revival Buoys Earnings For Eateries, E-Tailers
Strong profits and sales from leading restaurants and e-retailers late Wednesday confirmed this spring's broad-based revival in consumer spending. Chipotle Mexican Grill (CMG), Star bucks (SBUX), Netflix (NFLX) and eBay (EBAY) all beat profit forecasts after the closing bell. Shares of the first three consumer stocks rose late, but eBay fell on a weak outlook. "Generally, consumers came out of hiding in March. We see some
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