Customers are turning away from the coffee giant, and its new chief executive, Brian Niccol, has to figure out how to get them back.
Category: Company Reports
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Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.
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G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
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BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principle aim” was rewarding shareholders.
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McDonald’s Focus on Value Bolsters U.S. Sales
The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company has moved quickly to contain.
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Tesla’s Third Quarter Earnings Report Robust Profit Increase
The electric car company said profits climbed 17 percent in the third quarter as strong sales of energy products helped to make up for relatively slow auto sales.
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Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms
As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.
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Starbucks Reports a Slide in Sales and Traffic
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.
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CVS Ousts Karen Lynch as C.E.O. and Shares Fall
Shares of the health care conglomerate dropped after the sudden departure of Karen Lynch and a downbeat update on the state of the company’s finances.
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Netflix Adds 5 Million Subscriptions in Quarter
The additions helped lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.
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Louis Vuitton Owner LVMH Sees Stock Drop on Weak China Sales
Weak sales in China at LVMH, the owner of Dior, Tiffany and more, sent a shudder through the luxury sector.
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Holiday Sales Growth Expected to Normalize to Prepandemic Levels
Despite shoppers’ election-year concerns and worries about the economy, retail executives predict sales to increase as much as 3.5 percent over last year’s holiday season.