Howard Schultz Urges Starbucks (NASDAQ:SBUX) to Get Its Act Right

Former CEO Schultz Urges Starbucks Overhaul Amid Sales Slump: Report

Former Starbucks Corp Chief Executive Howard Schultz reportedly urged the coffee chain to acknowledge its faults and revamp operations. Second-quarter comparable store sales declined 4% globally, driven by a 6% decline in transactions. Starbucks reported second-quarter revenue of $8.6 billion, missing analyst estimates.

Weekly Report: what happened at LKNCY last week (0429-0503)?

Starbucks Earnings: Why I Sold At A Loss And Moved On

Starbucks Corporation (SBUX) reported concerning earnings. The company's stock plunged over 15% and is now trading in the low $70s. Starbucks missed its revenue and comp sales growth targets for the second quarter of 2014. Starbucks is losing market share to other coffee companies like Luckin Coffee.

Yum China Revs Up Restaurant Expansion, Share Repurchases

Yum China Holdings Inc. Recently passed the 15,000-store milestone in China and launched a new standalone coffee chain attached to existing KFCs. The company spent a record $745 million on share buybacks and dividends in the first three months of the year. Yum China repurchased 17.9 million of its shares this year through April 23, and the company recently opened its 15,00th store in China. The operator of KFC and Pizza Hut restaurants in China is ramping up its drive into smaller cities.

Starbucks Shares Plunge After Sales, Earnings Miss

Starbucks reports weaker-than-expected sales and profit in the latest quarter. The coffee giant's shares fell more than 8% in after-hours trading Tuesday. Starbucks says it is working to speed up service during the morning hours. The company's net income declined 15% in the second quarter. McDonald's says economic pressure is building on consumers.

Starbucks Falls Short on Sales, Earnings as Challenges Mount

Starbucks says it is working to speed up service during the morning hours. The coffee giant reported weaker-than-expected sales and profit in the latest quarter. Same-store sales in China fell 11% in the second quarter. The company's net income declined 15% compared with last year.

Luckin Coffee Reports Robust Growth in Q1 2024

Luckin Coffee Non-GAAP EPS of $0.01, revenue of $869.5M

Luckin Coffee Inc. Reports Q1 revenue of $869.5M and non-GAAP EPS of $0.01. First quarter net revenues increased 41.5% to RMB6,278.1 million. The company has expanded to 18,500 stores in China.

Luckin Coffee Inc. Announces First Quarter 2024 Financial Results

Notable earnings before Tuesday's open

Major earnings expected before the bell on Tuesday include: The Coca-Cola, McDonald's, 3M Company and PayPal Holdings. Other major earnings slated for release before Tuesday's open include: Enterprise Products Partners, GEHC, and The McDonald's Company. Earnings before the open are listed on Seeking Alpha's earnings calendar.

Weekly Report: what happened at LKNCY last week (0422-0426)?

FOMC Meeting, Jobs Report, And Apple Earnings Headline Big Week

FOMC Meeting, Jobs Report, And Apple Earnings Headline Big Week. Investors will have their eyes on the Federal Reserve meeting and U.S. Jobs report next week. Cruise line operator Viking Holdings (VIK) will launch its IPO. Major reports are due from a wide range of companies.

Caffeine jolts: Coffee shop growth in China sizzles while a bubble tea IPO goes flat

Number of coffee outlets in China rose 58% year-over-year to almost 50K last year. China passed the United States as the country with the most branded coffee shops in the world. The demand for coffee in China is the fastest growing market in East Asia. Outside the coffee market, a bubble tea IPO in Hong Kong tumbled 40% this week.

Weekly Report: what happened at LKNCY last week (0415-0419)?

Nayuki Tweaks Franchising Model As Competitors Serve Up Rival Listings

Nayuki’s new store openings slowed in the first quarter due to seasonal factors, as it tweaked its franchising model. The premium tea seller will soon face new competition for investor dollars in Hong Kong, as at least five major rivals have filed for IPOs since last October.

Weekly Report: what happened at LKNCY last week (0408-0412)?

Climate Change, El Nino And The New Parabolic Move In Commodities

Coffee prices are expected to explode due to climate-related issues. Cocoa prices have risen 400% in the last year due to global El Nino and disease and weather issues in West Africa. Coffee prices could affect companies like Starbucks, Dunkin' Brands, and Nestlé.

Luckin Coffee Submits 2023 Financial Report

Weekly Report: what happened at LKNCY last week (0401-0405)?