The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.

Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.

Starbucks, Pizza Hut and KFC are among the chains that reported same-store sales declines this quarter.

KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.

Starbucks is dealing with too many headwinds right now. This is a decline we do not have plans of immediately buying.