Comparable sales are down in Starbucks' two biggest markets: the US and China. Analysts say it needs to focus on its prices.
Walmart posted better-than-expected sales for its second quarter and raised its profit outlook, sending shares higher in premarket trading.
Fast-food giants like McDonald's, Starbucks, and KFC reported drops in comparable US sales. In particular, lower-income consumers are cutting back.
Analysts say Brian Niccol, who spearheaded Chipotle's turnaround, is a great pick to head up Starbucks.
Starbucks CEO Laxman Narasimhan is out after 17 months in the role. His leadership was hit by falling sales, union clashes, and activist investors.
News
2024-08-13T10:00:34Z
After street cleaner Paul Spiers' story got media attention, a travel company seemingly tailored a competition specifically to give him a free trip.
It was a far cry from the UK's main grocery-store chains. Trader Joe's had handwritten labels, colorful displays, and extensive range of fun products.
Tech
2024-08-09T11:40:33Z
Colin Huang resigned from Google in 2007 to set up several companies, including e-commerce giant Pinduoduo. Now, he's worth more than $48 billion.
Food
2024-08-03T09:42:02Z
Erica Noblecilla, a restaurant influencer who's lived in Chicago for four years, explains why it's a food-lover's paradise.
The prefix "Mc" has become synonymous with the world's biggest burger chain. So have the Golden Arches.
Food
2024-08-02T08:30:02Z
Cava offered falafel, grilled chicken, and hummus for free with its bowls. Sweetgreen, in comparison, charged extra for many of its toppings.
McDonald's CEO Chris Kempczinski discussed the impact that California's $20 fast food minimum wage hike and rising prices are having on sales.
Sales of Starbucks' boba-inspired "popping pearls" drinks have been "significantly ahead" of the company's expectations, its CEO told investors.
Burger King said that it had temporarily closed the restaurant in New York for deep cleaning and staff retraining.
Food
2024-07-30T10:59:58Z
McDonald's has launched trials of a bigger, "more satiating" burger in Canada and Portugal, its CEO said.
Richard Montañez claimed to have invented the snack after putting chile powder on a batch of plain Cheetos in his home.
McDonald's global comparable sales dropped 1%. CEO Chris Kempczinski said the company hadn't homed in strongly enough on value.
Food
2024-07-27T10:28:03Z
Cava's Mediterranean-inspired menu includes harissa honey chicken, braised lamb, spiced feta, and red pepper hummus.
A man in Ohio had to visit the ER after a bone from a boneless wing got lodged in his throat, a lawsuit said.
Bernard Arnault is the only one of the world's 15 richest people who has seen their wealth fall so far in 2024.