Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023.Al Drago | Bloomberg | Getty ImagesFormer Starbucks CEO Howard Schultz weighed in Sunday on the coffee...
It's finally here: the long-predicted consumer pullback.Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales. And even stalwart McDonald's said it has adopted a "street-fighting mentality" to compete for value-minded...
A Pizza Hut store is seen on November 01, 2023 in Austin, Texas.Brandon Bell | Getty ImagesYum Brands on Wednesday reported quarterly earnings and revenue that missed analysts' expectations as Pizza Hut and KFC struggled to attract customers.Shares of the company fell 3% in premarket trading.Here's what the company reported compared...
A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by. Nicolas Economou | Nurphoto | Getty ImagesStarbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday.Here's what...
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty ImagesBurger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain's parent company...
A Coca-Cola building in Zagreb, Croatia, Nov. 8, 2023.Denis Lovrovic | AFP | Getty ImagesCoca-Cola on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.The beverage giant also raised its full-year outlook for organic revenue.Shares of the company rose less than 1% in premarket trading.Here's what the company...
McDonald's french friesPicture Alliance | Picture Alliance | Getty ImagesMcDonald's is expected to report its first-quarter earnings before the bell on Tuesday.Here's what Wall Street analysts surveyed by LSEG are expecting:Earnings per share: $2.72 expectedRevenue: $6.16 billion expectedThe fast-food giant reported disappointing fourth-quarter sales. Boycotts after its Israeli licensee...
A Starbucks worker boards the Starbucks union bus after Starbucks workers stood on the picket line with striking SAG-AFTRA and Writers Guild of America (WGA) members in solidarity outside Netflix studios on July 28, 2023 in Los Angeles, California. Mario Tama | Getty ImagesStarbucks and Workers United, which represents roughly...
Chipotle is launching Farmesa Fresh Eatery first at Kitchen United's upcoming Santa Monica location.Source: Chipotle Mexican GrillChipotle Mexican Grill is abandoning its Farmesa Fresh Eatery spinoff after partner Kitchen United closed its ghost kitchens.A little over a year ago, Chipotle announced the opening of its first Farmesa location at...
The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Shannon Stapleton | ReutersChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher traffic to its restaurants.The stock rose 4% in extended trading.Here's what the company reported compared with what Wall Street was...