Restaurants
Starbucks is about to report earnings. Here’s what to expect
Starbucks glass art on a store in Tokyo. Jakub Porzycki | Nurphoto | Getty Images Starbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday. Here is what Wall Street analysts surveyed by LSEG are expecting: Earnings per share: 93 cents expected Revenue: $9.24 billion expected Shares of Starbucks have tumbled […]
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Procter & Gamble earnings beat estimates, but quarterly sales disappoint
Procter & Gamble on Tuesday reported mixed quarterly results, but the company’s volume increased for the first time in more than two years. Volume excludes pricing, making the metric a more accurate reflection of demand than sales. Over the last several years, P&G’s price hikes across its portfolio, from diapers to detergent, fueled its sales […]
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McDonald’s is falling short, needs to win over low-income consumers, key exec tells operators in memo
McDonald’s fast food restaurant in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Nurphoto | Getty Images After a challenging second quarter, McDonald’s executives told restaurant operators and analysts they are refocusing on how to recapture consumers with deals, as they pushed for an extension of the its $5 […]
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McDonald’s executives admit diners think prices are too high, say they’re working to create value
A McDonald’s Big Mac meal. Lauren Decicca | Getty Images McDonald’s executives acknowledged Monday that diners consider the company’s prices too high as lower-income consumers balk after years of high inflation. During the company’s second-quarter earnings call Monday, executives said that they are taking a “forensic approach” to evaluating prices and trying to create value. […]
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McDonald’s is about to report earnings. Here’s what to expect
A McDonald’s restaurant is viewed on July 22, 2024 in Burbank, California. Mario Tama | Getty Images McDonald’s is expected to report second-quarter earnings before the bell on Monday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company to report: Earnings per share: $3.07 expected Revenue: $6.61 billion expected The burger chain’s […]
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Fast-food chains battle for low-income diners with summer value meals
The McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Subway started phasing out its $5 footlong sandwiches a decade ago. But these days, other fast-food chains have revived the $5 price point, hoping to win over customers who have cut back their spending. […]
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Food delivery fees are rising, and everyone’s feeling the pinch
A food delivery messenger is seen in Manhattan. Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Food from the restaurant of your choosing, delivered right to your door — at what cost? Third-party food delivery is becoming the norm for American consumers, as delivery apps like Grubhub, DoorDash […]
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Keurig Dr Pepper earnings meet estimates as higher prices fuel U.S. soda sales
In this photo illustration, cans of Dr Pepper soda are displayed on June 03, 2024 in San Anselmo, California. Justin Sullivan | Getty Images Keurig Dr Pepper reported quarterly earnings and revenue that met analysts’ expectations on Thursday as higher prices fueled its U.S. soda sales. Shares of the company rose 2% in premarket trading. Here’s what the […]
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Chipotle shares pop more than 10% as earnings and revenue top estimates, restaurant traffic rises again
A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s […]
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Coca-Cola tops earnings estimates, hikes full-year outlook as global demand rises
Coca-Cola beverages are offered for sale in Chicago on April 30, 2024. Scott Olson | Getty Images Coca-Cola on Tuesday raised its full-year outlook as global demand for its drinks rose in the second quarter. For 2024, Coke now expects organic revenue growth of 9% to 10%, up from its prior forecast of 8% to […]
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