Analysts forecasted a slowdown in job growth in April, especially after March numbers were revised down. But restaurants and the overall U.S. economy proved resilient.
Kayak is looking to get leaner and more efficient. The restructuring, though, doesn't exactly mesh with the upbeat picture about the metasearch company that parent Booking Holdings described during its fourth-quarter earnings call this week.
Shake Shack chose not to increase menu prices as significantly as some other chains this quarter in order to offset an increase in labor costs, and took a not-so-small hit to its profit margins in the process.