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Market Domination host Julie Hyman tracks today's top market movers in this Market Minute, including a first quarter sales miss from Shake Shack (SHAK) and warnings of a tariff impact on Utz Brands (UTZ).
Meanwhile, Sirius XM (SIRI) reported a decline in adjusted EBITDA, but reaffirmed its 2025 guidance.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Market Minute. Stocks getting a lift following strong quarterly results from Meta and Microsoft. But Shake Shack reporting a mixed on miss on first quarter comparable sales and revenue. However, Shake Shack maintaining its adjusted EBITDA outlook. William Blair also highlighting potential for some relief on an expected rebound in the second quarter. Utz Brands reporting net sales growth in the first quarter driven by strong volume gains and value focus. However, growth partially offset by a net price decline in branded salty snacks. Utz Brands also noting it expects recent tariff volatility to have a modest impact on business in 2025. And Sirius XM reporting a 3% decline in first quarter adjusted EBITDA compared to the same period last year. The company reiterating its full year 2025 guidance noting it does not anticipate tariff-related pressure to have a material impact on its financial performance this year. And that's your Yahoo! Finance Market Minute.