Tag Archives: Starbucks

[unable to retrieve full-text content]Starbucks earnings top estimates despite China weakness  Yahoo Finance Source link

Starbucks is adding a new, limited-run, cold brew option, reflecting continued sales growth in the cold drink category at the coffee chain and the industry in general. The coffee giant today unveiled the Pistachio Cream Cold Brew. The new, iced option is part of Starbucks’ winter menu. The drink is sweetened with vanilla syrup and is topped with pistachio cream cold foam and brown buttery sprinkles. In addition to the cold brew, the Pistachio Latte returns to menus, along with the bakery item,… Source link

Starbucks reported record quarterly revenue in fiscal Q4, but the strain of ongoing unionization efforts remains. As of Friday, there are 320 Starbucks locations that have conducted unionization ballot counts. Of those, 257 have voted yes to unionize, 57 have voted no, and 6 are challenge-determinative. Of those that voted yes, 248 have been certified, and Starbucks is expected to begin bargaining in good faith with the union, according to the National Labor Relations Board. However, a… Source link

Wall Street is sipping on Starbucks shares after a better than expected quarter sparked optimism on a broader rebound in the business next year. Starbucks stock gained 3% in premarket trading on Friday as fiscal fourth quarter sales, U.S. same store sales and profits handily beat analyst forecasts. The coffee giant had one of the Top 10 most visited ticker pages on Yahoo Finance ahead of the opening bell. On a call with analysts, execs stuck with upbeat guidance for earnings growth of 15% to… Source link

Warner Bros. Discovery (WBD): Shares fell 2% in extended trading after the company’s revenue and subscriber growth fell short. Sales for the quarter totaled $9.82 billion, weighed down by a slowdown in advertising. WBD swung to a loss of $2.31 billion, compared to net income of $156 million a year ago. HBO, HBOMax and Discovery+ added 2.8 million subscribers during the quarter, missing the street’s estimates despite the success of its “Game of Thrones” spinoff. Starbucks (SBUX): The… Source link

Starbucks is expected to report its fiscal fourth-quarter earnings on Thursday after market close as the coffee giant navigates higher prices, ongoing unionization efforts, COVID-19 lockdowns in China, and more. Here’s what Wall Street expects from the Seattle-based company, according to a Bloomberg consensus estimates: Revenue: $8.31 billion expected Adj. earnings per share (EPS): $0.72 expected U.S. Same Store Sales: 7.78% expected International Sales: -8.23% expected China Sales: -21.70%… Source link

Starbucks (SBUX): The coffee giant increased its quarterly dividend to 53 cents per share from 49 cents, effective November 25, 2022 to shareholders on record November 11, 2022. Starbucks initiated its dividend in 2010 and has increased it every year since. Vail Resorts (MTN): The company’s loss narrowed in its fiscal fourth quarter and sales topped Wall Street’s expectations, sending shares higher in extended trading. Revenue for the quarter totaled $267.1 million, up 31% from a year… Source link

For decades, union membership has been on the decline. Yet in the last few months, workers have been organizing at a pace this country hasn’t seen since the Great Depression. Amazon has captured headlines for union drives at its warehouses, including a successful effort on New York’s Staten Island. But activity is picking up elsewhere in retail and tech at big companies that are generally viewed as progressive, with no history of labor unions. As of Wednesday, 209 Starbucks stores have… Source link

As inflation reaches new record-highs, more Americans are ditching their daily cup of joe — at least at big coffee chains like Dunkin’ and Starbucks (SBUX). According to new data from foot traffic analytics platform Placer.ai, coffee visits dropped below quick service restaurants for the first time all year during the month of June due to “a combination of inflation, high gas prices, and the rise in COVID cases,” the report noted. Over the past two years — as the pandemic hammered fast… Source link

Starbucks (SBUX) has teamed up with Amazon (AMZN) Go to deliver its second Starbucks Pickup to consumers in New York City. The cashier-less concept dubbed Starbucks Pickup with Amazon Go store is set to open to the public on Tuesday, July 12 at 6 a.m. ET. The new location is located on 620 Eighth Avenue at The New York Times Building between 40th Street & 8th Avenue. The retail experience uses the order-ahead feature on the Starbucks app and Amazon Go’s Just Walk Out technology to create a… Source link