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Shares Of Starbucks Drop 13% On Earnings Miss And Weak Outlook
- wrowan
- May 1, 2024
- 0
The stock of Starbucks (SBUX) is down 13% after the retail coffee chain reported disappointing quarterly financial results and lowered its forward guidance. The Seattle-based company announced earnings per share (EPS) of $0.68 U.S. compared to $0.79 U.S. that was expected among analysts who cover the company. Revenue in the year’s first quarter totaled $8.56 billion U.S., which missed Wall Street forecasts of $9.13 billion U.S. Sales were down 2% from a year ago.Same-store sales fell 4% as traffic at Starbucks cafes declined 6% in the quarter. Analysts were anticipating same-store sales…
‘Downturn’ in weather expected to dampen wildfire activity in southeastern B.C.
- wrowan
- August 16, 2024
- 0
British Columbia’s wildfire service says thunderstorms carry the possibility of dry lightning strikes in some parts of the Interior, but wildfire activity is generally expected to decrease with what’s being described as a “downturn” in weather.
Police seek suspect after victim allegedly sexually assaulted in Toronto’s east end
- sdaddario
- August 5, 2024
- 0
Police are searching for a man who allegedly approached a victim and sexually assaulted them in Toronto’s east end last month.
