Starbucks (SBUX) surprised investors after the market close on Tuesday by releasing its preliminary fourth quarter results. The preliminary adjusted earnings...
) surprised investors after the market close on Tuesday by releasing its preliminary fourth quarter results. The preliminary adjusted earnings of $0.80 per share was well short of the $1.03 Bloomberg consensus estimate. Net revenue of $9.1 billion also missed expectations of $9.36 billion. Same-store sales were down 7% versus the expectation of down 3.48%. US same-store sales were down 6% compared to the expected 2.8% decline. China sales were also down more than expected.
Former Yahoo CMO was recently named global marketing officer there, Trustee Liber and she is set to start November 4th. Music Exec Run Over by Garbage Truck Had Decades-in-the-Making Love Story, Husband Shares in Emotional Tribute McDonald's shares sank around 10% in after-hours trading on Tuesday following news of an E. coli outbreak linked to its burgers.
Leafs fans rave over Amazon Prime's 'unbelievable broadcast' as NHL's streaming era takes hold: 'Making Sportsnet and TSN look like moldy bread'
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