With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down 8% in extended trading. "In a highly challenged environment, this quarter's results do not reflect the power of our brand," CEO Laxman Narasimhan said. Demand in the United States decelerated for a second straight quarter as boycott movements impacted traffic at its stores, while a choppy macro environment weighed on demand for its pricier...
(Reuters) -Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets. Consumers in the United States are increasingly looking for value-oriented meals in the face of sticky inflation, pushing fast food chains to double down on promotions and offers and on revamping their store and order experiences. Shares of Yum Brands slipped 6% in...
Inflation in the Netherlands cooled to 2.7 percent in April, Statistics Netherlands (CBS) reported in a first estimate. Inflation was lower than in March, when daily life became 3.1 percent more expensive than a year earlier. In February, inflation was 2.8 percent
GAAP earnings per share was $0.73; operating earnings per share (EPS)1 was
“Bluey” has returned for a surprise episode set to drop this weekend. Appropriately titled “Surprise,” little is known about this sneaky new episode. Will the latest edition to the Bluey-verse emotionally devastate the parents of the world, similar to last weekend’s TV special? Details are scarce, but what we do know is that the brand-new […]
“Our estimations suggest that the 10.6% year-to-date depreciation of the Ghanaian Cedi could elevate Ghana’s annual inflation profile by between 80 basis points – 100 basis points at end of 2024 as the FX [foreign exchange] pressures pass through higher transport fares, utility tariffs, and imported items.”
Advanced Micro Devices (AMD) shares pull back further after Tuesday's market close as the chip company posts a narrow first-quarter earnings beat: $5.5 billion in revenue against expectations of $5.45 billion, adjusted earnings of $0.62 per share against expectations of $0.61. Yahoo Finance's Julie Hyman and Josh Lipton break down the chip giant's quarterly results, highlighting the company's second-quarter guidance and CEO Lisa Su's comments on growth in particular segments such as data...
Champions respond to Arsenal win with victory at ForestGuardiola: ‘I don’t think they are going to lose any points’Pep Guardiola has warned Manchester City cannot drop any points if they are to secure a historic fourth successive Premier League as he expects Arsenal to win their remaining matches after proving their mettle by defeating Spurs on Sunday. Josko Gvardiol and Erling Haaland edged City past Nottingham Forest to leave them a point behind top spot but crucially with a game in hand.“We...
The Gunners returned to the top of the table after a 2-0 win at Wolves on Saturday night.
Swift dropped 'The Tortured Poets Department' at midnight on Friday. She
Facebook now brings 'Comment with AI' feature using its generative model. The 'Write with AI' offers AI-generated comments depending on the emotion the user wants to impart to the OP.
To celebrate “Halfway to Halloween”, MGM+ today shared a chilling teaser (below) for From season 3 which will premiere in Fall 2024. The thriller horror series first premiered in February 2022 and unravels the mystery of a nightmarish town that traps all those who enter. As the unwilling residents fight to keep a sense of […]