Nordstrom shares fall after 2nd quarter remained below pre-COVID levels
Shares of Nordstrom are in a freefall premarket after reporting Q2 numbers that beat estimates but remained below pre-pandemic levels. The department store chain posted an earnings beat with EPS of 49 cents a share, and $3.66 billion in revenue.
Sweetgreen announced Tuesday it is acquiring Spyce, an automated kitchen startup. Spyce has raised nearly $25 million from investors since 2015.
McDonald’s has been forced to halt the sales of shakes and bottled drinks at nearly 1,300 restaurants in the United Kingdom due to Brexit-related staff shortages and supply chain delays.