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US court split in Starbucks' latest challenge to NLRB enforcement powers

US court split in Starbucks' latest challenge to NLRB enforcement powers By Daniel Wiessner Oct 31 (Reuters) - A U.S. appeals court on Thursday seemed divided over Starbucks' claims that the National Labor Relations Board lacks the power to order employers to reimburse workers for expenses they incur as a result of being illegally fired. A three-judge panel of the 6th U.S.
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Estee Lauder pulls annual forecasts on uneven China recovery, new CEO

UPDATE 6-Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Company does not expect China stimulus boost in Q2 Cuts quarterly dividend by nearly half Sees Q2 EPS of 20-35 cents vs. est of $1.06 Shares set for worst day on record, last down 19% Adds CEO comment in paragraph 5 By Ananya Mariam Rajesh Oct 31 (Reuters) - Estee Lauder EL.N shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain o
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Street View: Starbucks' turnaround plan 'doable', but headwinds exist

BUZZ-Street View: Starbucks' turnaround plan 'doable', but headwinds exist ** Starbucks SBUX.O CEO Brian Niccol on Wednesday told investors that he plans to overhaul the coffee chain's U.S. locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes. ** Shares down 0.43% to $97.74 in pre market trade IT WILL TAKE TIME ** Stifel ("buy," PT: $110) says they were encouraged by the cohesiveness of the new CEO's plan and pote
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U.S. Altair Engineering, Brinker International, Meta

U.S. RESEARCH ROUNDUP-Altair Engineering, Brinker International, Meta Oct 31 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Altair Engineering, Brinker International and Meta, on Thursday. HIGHLIGHTS * Altair Engineering Inc ALTR.O : Needham cuts to hold from buy * Blackbaud Inc BLKB.O : Baird cuts to neutral from outperform * Brinker International Inc EAT.N : JP Morgan cuts to neutral from overweight * Comstock Res
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Avolta's Q3 organic sales growth misses expectations, shares slide

UPDATE 2-Avolta's Q3 organic sales growth misses expectations, shares slide Recasts throughout, adds analysts, CEO's comments By Anastasiia Kozlova and Amir Orusov Oct 31 (Reuters) - Swiss duty-free retailer Avolta AVOL.S s lipped as much as 2.6% on Thursday as the third-quarter organic sales growth fell short of expectations due to weakness in its Americas market, analysts said.
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Starbucks Corp reports results for the quarter ended in January 1 - Earnings Summary

Starbucks Corp reports results for the quarter ended in January 1 - Earnings Summary Starbucks Corp SBUX.OQ reported quarterly adjusted earnings of 80 cents​​ per share for the quarter ended January 1, lower than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of twenty seven analysts for the quarter was for earnings of $1.03 per share.
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Starbucks CEO Brian Niccol Says Plan Not To Increase Menu Prices At North America Stores Through Fiscal 2025

BRIEF-Starbucks CEO Brian Niccol Says Plan Not To Increase Menu Prices At North America Stores Through Fiscal 2025 Oct 30 (Reuters) - Starbucks Corp SBUX.O : STARBUCKS EXECUTIVE SAYS ON CONF CALL TRAFFIC DECLINED ACROSS ALL CHANNELS AND DAY PARTS IN Q4 STARBUCKS EXECUTIVE SAYS PLAN TO REDUCE NUMBER OF NEW STORES AND RENOVATIONS IN FISCAL YEAR 2025 STARBUCKS EXECUTIVE SAYS EFFICIENCY EFFORTS COLLECTIVELY DELIVERED ABOUT 250 BPS OF MARGIN IMPROVEMENT FOR THE FULL YEAR STARBUCKS CEO BRIAN NICCOL SA
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Americana Restaurants, operator of US fast-food brands in Middle East, posts 54% fall in profit

UPDATE 1-Americana Restaurants, operator of US fast-food brands in Middle East, posts 54% fall in profit Adds revenue, company background, financial details throughout Oct 30 (Reuters) - Americana Restaurants International AMR.AD , which operates U.S. fast food brands in the Middle East, said on Wednesday that third-quarter net profit fell 54.3% from the year-ago period, amid a regional consumer boycott of American brands to protest U.S.
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Starbucks Removing Extra Charge For Non-Dairy Milk From Nov 7 In Us & Canada

BRIEF-Starbucks Removing Extra Charge For Non-Dairy Milk From Nov 7 In Us & Canada Oct 30 (Reuters) - Starbucks Corp SBUX.O : STARBUCKS: REMOVING EXTRA CHARGE FOR NON-DAIRY MILK FROM NOV 7 IN US & CANADA Further company coverage: SBUX.O
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Wall street ends lower ahead of megacap earnings

US STOCKS-Wall street ends lower ahead of megacap earnings Microsoft and Meta beat quarterly revenue estimates AMD falls, weighing on chip stocks Alphabet jumps on earnings beat Indexes down: Dow 0.22%, S&P 0.33%, Nasdaq 0.56% Updates as of 4:30 p.m. ET (1030 GMT By Abigail Summerville Oct 30 (Reuters) - U.S. stock indexes closed lower on Wednesday as chip stocks tumbled and investors awaited a host of corporate earnings.
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Starbucks CEO vows to overhaul its cafes and simplify its menu

UPDATE 2-Starbucks CEO vows to overhaul its cafes and simplify its menu Rewrites to add CEO comments, background in paragraphs 1-13 By Juveria Tabassum and Waylon Cunningham Oct 30 (Reuters) - Starbucks SBUX.O C EO Brian Niccol on Wednesday told investors that he plans to overhaul Starbucks U.S. locations, adding more comfortable seating, ceramic mugs and a coffee-condiment bar, with customer wait times of less than four minutes.
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Starbucks reports drop in comparable sales, earnings as global demand suffers

Starbucks reports drop in comparable sales, earnings as global demand suffers Oct 30 (Reuters) - Starbucks SBUX.O on Wednesday reported a 7% drop in global comparable sales for the fourth quarter as the coffee chain struggles to revive demand for its pricey lattes in the key U.S. and China markets. Last week, Starbucks reported preliminary fourth-quarter results and suspended annual forecast through the next fiscal year as new CEO Brian Niccol tries to steer the company toward the path to growth
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Nasdaq, S&P end lower ahead of megacap earnings

US STOCKS-Nasdaq, S&P end lower ahead of megacap earnings Alphabet jumps on earnings beat Eli Lilly misses weight-loss, diabetes drug estimates AMD falls, weighing on chip stocks Updates as of 4 p.m. ET (1000 GMT By Abigail Summerville Oct 30 (Reuters) - The Nasdaq and S&P 500 closed lower on Wednesday as chip stocks tumbled and investors await a host of corporate earnings.
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Wall St struggles for direction ahead of mega cap earnings

US STOCKS-Wall St struggles for direction ahead of mega cap earnings Alphabet jumps to over three-month high Eli Lilly misses weight-loss, diabetes drug estimates AMD falls, weighing on chip stocks Indexes: Dow up 0.19%, S&P 500 unchanged, Nasdaq down 0.09% Updates at 2:20 p.m. ET (1820 GMT By Abigail Summerville Oct 30 (Reuters) - U.S. stock indexes were mixed on Wednesday, with the Dow gaining and the tech-heavy Nasdaq falling, as investors assessed a host of corporate earnings.
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Chipotle Mexican Grill posts sales miss as pricey menu weighs on demand

UPDATE 3-Chipotle Mexican Grill posts sales miss as pricey menu weighs on demand Adds analyst comment in paragraph 6, adds comments from conference call throughout By Juveria Tabassum and Waylon Cunningham Oct 29 (Reuters) - Chipotle Mexican Grill CMG.N on Tuesday missed market expectations for third-quarter same-store sales growth as higher menu prices hurt demand, while steeper costs of ingredients such as avocados and dairy weighed on margins.
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What to Watch in the Day Ahead - Wednesday, October 30

What to Watch in the Day Ahead - Wednesday, October 30 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT On the U.S. economic front, the Commerce Department's Bureau of Economic Analysis' advance estimate of the gross domestic product (GDP) is expected to show that the economy grew at a 3% pace i
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PREVIEW: Chipotle shares edge down; Q3 EPS, rev seen rising

BUZZ-PREVIEW: Chipotle shares edge down; Q3 EPS, rev seen rising ** Shares in Chipotle Mexican Grill CMG.N off 0.08% on Tuesday ahead of quarterly report due after market close ** Wall Street sees the chain restaurant reporting adj EPS of $0.25 vs $0.23 in year-ago-quarter on rev of $2.82 bln, which would be up ~14% y/y according to latest LSEG dat
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McDonald's brushes off sales hit from US E. coli outbreak, international markets weak

UPDATE 6-McDonald's brushes off sales hit from US E. coli outbreak, international markets weak Q3 global sales down 1.5%, biggest drop in four years Sees no material impact from E. coli outbreak Profit of $3.23/share beat estimates of $3.20/share Shares reverse course to trade up about 1% Adds analyst comments in paragraph 9-10, executive comment in paragraph 16, adds graphic and updates shares By Savyata Mishra Oct 29 (Reuters) - McDonald's MCD.N executives on Tuesday brushed off a potential sa
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Starbucks Corp <SBUX.OQ> expected to post earnings of $1.03 a share - Earnings Preview

Starbucks Corp expected to post earnings of $1.03 a share - Earnings Preview Starbucks Corp SBUX.OQ SBUX.O is expected to show a rise in quarterly revenue when it reports results on October 30 for the period ending September 30 2024 The Seattle Washington-based company is expected to report a 0.0% increase in revenue to $9.375 billion from $9.37 billion a year ago, according to the mean estimate from 23 analysts, based on LSEG data.
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Starbucks threatens to fire staff who don't come back to office - Bloomberg News

MEDIA-Starbucks threatens to fire staff who don't come back to office - Bloomberg News -- Source link: https://tinyurl.com/25lesvkt -- Note: Reuters has not verified this story and does not vouch for its accuracy
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