Blame the sun... Shake Shack's sales jumped 3.6% in the first quarter and it popped out its first Shacks in China (and Rhode Island). But the CEO showed gratitude for the unusually "warm weather conditions" responsible for getting diners into Shacks. Investors weren't happy to hear a good quarter required Mother Nature's blessing.
Sobering... The amount of beer sold by Molson Coors fell nearly 5% last quarter. Amid shrinking beer sales (consumption fell 1% nationwide last year), the solo cup icon is trying to mature: It bought a kombucha company, invested in tea, and just confirmed its joint venture cannabis drinks will hit Canada by this fall (aka, when edibles are expected to be legalized).
Front row view... to concert-booking platform Eventbrite falling 20% last week (the stock is now below September's IPO price). The problem lies with headliner Ticketfly, which Eventbrite bought from Pandora for $200M. The two-year-old acquisition has become a "complex and consuming integration process" that's still not over. And that drama affects Eventbrite growth.