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CNBC BusinessOct 01, 2020
Drive-thru times at fast-food chains slow by nearly 30 seconds as demand soars during pandemic, study finds
Average drive-thru times across 10 fast-food chains slowed down by nearly half a minute, according to the annual drive-thru study conducted by SeeLevel HX.

MarketWatch MarketPulseOct 01, 2020
Bed Bath & Beyond shares soar 28% after reporting first comp sales growth since fiscal 2016
Bed Bath & Beyond Inc. stock soared 28.6% in Thursday trading after second-quarter earnings and sales beat expectations. The home goods retailer reported net income of $217.9 million, or $1.75 per share, after a loss of $138.8 million, or $1.12, last year. Adjusted EPS of 50 cents was well ahead of the FactSet consensus, which was for a loss of 30 cents per share. Sales of $2.69 billion were down from $2.72 billion last year, but ahead of the FactSet consensus for $2.63 billion. Comparable sales grew for the first time since the fourth-quarter of fiscal 2016, up 6%. FactSet forecast a 2.1% decline. And digital sales growth was 89%. During the quarter, the company generated more than $750 million in cash flow, reduced debt by $500 million and brought its liquidity up to $2.2 billion through cash and a new $850 million secured asset-based lending facility. Bed Bath & Beyond didn't provide guidance due to the ongoing uncertainty of the coronavirus pandemic, but expects to achieve the goals laid out in its restructuring program, including annualized EBITDA improvement of $250 million to $350 million, excluding one-time costs, cost savings of about $100 million through the closure of 200 stores over the next two years, and about $150 million in savings from 2,800 job cuts. Bed Bath & Beyond shares are up 12.5% for the year to date while the S&P 500 index has gained 4.5% for the period.

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Chicago Tribune Business NewsSep 30, 2020
‘Political propaganda' or ‘essential public health messages?' Government-sponsored food boxes include a letter from Trump, and some Chicago food pantries are removing it
Food pantries for months have relied on a government-sponsored food box program to serve a spike in needy families during the pandemic. But the latest batch of boxes include an item some find unpalatable as the election nears: a letter signed by President Donald Trump.
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