Columbus, OH

Starbucks, Coca-Cola Seek Trademark Renewal in Russia(Kevin Dietsch/Getty Images) (Credit: Getty Image) Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees. Starbucks sales dropped by 3% globally at all stores open for at least a year, according to its recent financial release. In North America...

Starbucks Sees Declining Sales as More Consumers Step Away From High-Priced Coffee

NBC News

Starbucks on Tuesday reported quarterly revenue that missed analysts’ expectations as both its U.S. and international cafes faced weaker demand. Shares of the company rose more than 1% in extended trading. Here is what the company reported compared to what Wall Street was expecting, based on a survey of...

Starbucks is reeling as customers go elsewhere, sales decline

Starbucks, struggling with fading sales and disgruntled investors, said Tuesday it's replacing CEO Laxman Narasimhan with Brian Niccol, the chairman and CEO of Chipotle. Narasimhan, who spent a little more than a year leading Starbucks, will step down immediately, the Seattle coffee giant said. Niccol will become Starbucks' chairman and CEO on Sept. 9. Chief Financial Officer Rachel Ruggeri will serve as interim CEO until that time.

Starbucks CEO is replaced by Brian Niccol, who stepped in at Chipotle when the chain was in distress

As Starbucks’ new CEO, Brian Niccol, the current CEO of Chipotle (CMG), faces a tough road ahead: he must win the favor of both the former CEO Howard Schultz, and the demand of shareholders. Balancing the two has tripped up past leaders, making his task all the more critical.

Starbucks' new CEO will need to please shareholders — and Howard Schultz, analysts say

The Motley Fool

The estimated $31.3 billion Buffett has put to work in Apple is dwarfed by the amount of money he's spent regularly purchasing shares of this top-performing company.

Billionaire Warren Buffett Has Purchased $77 Billion of His Favorite Stock, Which Is More Than Double What He's Spent Buying Shares of Apple!

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

The AI chip leader has high expectations to meet heading into its next earnings release.

Should You Buy Nvidia Stock Before Aug. 28?

This stock has crushed the broader S&P 500 since its IPO in 1981. A much larger store base has helped generate significantly greater revenue and earnings. Despite a slowdown, demand should pick up and be healthy for several years into the future. This dominant company has done a fantastic job...

1 Stock That Turned $1,000 Into Nearly $30 Million

Consumers are just not buzzing about energy drinks at the moment. Popular energy drink maker Monster Beverage missed sales expectations for the second quarter. On Wednesday, Monster reported net sales of $1.90 billion, lower than the expected $2.01 billion analysts predicted. For the three months that ended on June 30, the company reported a profit of 41 cents per share versus a 45 cents per share projection. However, recent net sales beat revenues of $1.85 billion for the same time period last year.

Monster Beverage’s Sales Fall Short of Expectations, Blames Convenience Stores

Fortune

For 89 years Tyson Foods was a family affair—but nobody could protect scion John Randal from his worst instincts.

The youngest Fortune 500 CFO was set up to run his family’s $21 billion chicken empire. His erratic behavior could change that

A "record-breaking backlog" of pending actions has led to an estimated $1.1 billion in improper beneficiary payments, according to a new report. Experts say the Social Security Administration needs more funding in its budget to properly address a "customer service crisis." The Social Security Administration faces a "record-breaking backlog" of...

'Record-breaking backlog' leads to $1.1 billion in improper Social Security payments, report finds

Nvidia stock has been retreating since hitting a 52-week high last month. However, recent results from Nvidia's peer AMD suggest that the demand for AI chips continues to remain healthy. Nvidia's impressive growth seems sustainable thanks to the company's new generation of AI chips that could help it maintain its...

Where Will Nvidia Stock Be in 1 Year?

Sarat Sethi, DCLA portfolio manager, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.

There's a lot of low hanging fruit at Starbucks, says DCLA's Sarat Sethi

My family is from the Greek island of Ikaria, a Blue Zone renowned for the longevity of its inhabitants. To us, garlic has long been more than "just" an ingredient. Garlic is one of the defining components of the Mediterranean diet. I use it every day at almost every meal when I cook for myself or my family. During the weeks I run my cooking classes on the island, we use so much of it that one of my kitchen assistants takes half a dozen or so heads of garlic home with her each night to peel and store in water for the following day.

On the Greek island of longevity, where people often live to 100, we swear by this ingredient: 'I use it every day'

A recent report from UBS suggests Nvidia stock could post big gains over the next year. UBS thinks that concerns about delays for Nvidia's first Blackwell processors may be overblown. Investor Alert: Our 10 best stocks to invest in right now (and Nvidia didn’t make the list) Is Nvidia...

Here's Why Nvidia Stock Jumped Today

Amazon is one of the largest and most valuable businesses on Earth. The company benefits from multiple secular trends that will drive growth for a long time. Thanks to the recent pullback, shares trade at a reasonable valuation. Early Amazon shareholders have gotten rich beyond their wildest dreams. Based on...

Is It Too Late to Buy Amazon Stock?

Typically, investors buy shares in a company because they believe in the firm’s strategy, leadership, and vision for the future. But what about when investors are buying shares because they hate how the company operates?. That’s the question that Starbucks executives had to answer after activist investing firm Elliot...

Starbucks & Elliott bury the hatchet

Decades of experience and novel solutions will likely drive this AI specialist even higher.

1 Unstoppable Stock That Could Join Apple, Microsoft, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club

Louisiana State

California State

Local officials and advocates in California are divided over Gov. Gavin Newsom's recent executive order requiring state agencies to remove homeless encampments on public property, leaving the homeless community caught in the middle and uncertain where they will go. In June, the Supreme Court ruled that punishing homeless people for...

'It’s mayhem and craziness': Californians react to Gavin Newsom’s order to remove homeless encampments

GeekSpin

Yum Brands is grappling with a troubling decline in sales for its flagship chains, KFC and Pizza Hut. According to recent financial reports, both brands have experienced a significant drop in same-store sales in the second quarter of 2024. While this downturn has cast a shadow over Yum Brands’ financial performance, not all is bleak. […]
Read the original article on KFC and Pizza Hut Sales Plummet: What’s Causing the Slump

KFC and Pizza Hut Sales Plummet: What’s Causing the Slump

NewsBreak

Chipotle stock falls more than 10% as CEO Brian Niccol leaves for Starbucks

Chipotle stock fell more than 10% on Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO...

Chipotle stock falls more than 10% as CEO Brian Niccol leaves for Starbucks

Comments / 0