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Several quarters of price hikes have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. "The inability to stop the traffic leakage from the early signs of pull-back in November to date and the worsening macro and competitive dynamics in China may suggest prolonged challenges and no evidence of light at the end of the tunnel," Danilo Gargiulo, senior analyst at Bernstein, wrote in a note. The company expects its full-year comparable sales — both globally and in the U.S. — to be in the range of a low single-digit decline to flat, compared with its previous range of 4% to 6% growth. ....
Restaurant Brands International Inc. (NYSE:QSR) Q1 2024 Earnings Call Transcript April 30, 2024 Restaurant Brands International Inc. beats earnings expectations. Reported EPS is $0.73, expectations were $0.72. Restaurant Brands International Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good […] ....
Koninklijke Philips N.V. (NYSE:PHG) Q1 2024 Earnings Call Transcript April 29, 2024 Koninklijke Philips N.V. beats earnings expectations. Reported EPS is $0.28, expectations were $0.26. Koninklijke Philips N.V. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to the Royal […] ....