A number of major retailers missed Wall Street expectations this week by wide margins while the vast majority of the nearly 150 U.S. retailers that have reported first-quarter earnings so far explicitly mentioned inflation, as surging prices squeezed bottom lines.
Insider Retail: The US largest restaurant operator bets big on Wendy s and Pizza Hut, as Walmart eyes the launch of a new health startup dsantana@businessinsider.com (Danni Santana)
Hello! Welcome to the latest edition of Insider Retail.
Many predictions were made about the future of retail and restaurants in 2021 such as which brands will look to IPO and what trends prompted by the coronavirus are most likely to remain intact after the pandemic subsides.
And early on, we re seeing some of the biggest players make good on those predictions. This week, we re breaking down Flynn Restaurant Group s $550 million gamble on Wendy s and Pizza Hut stores. Walmart is also secretly launching a new health initiative aimed at helping customers make healthier choices. What s that about?