Starbucks sees the potential of its fast-growing China business to one day overtake the U.S. market. The company plans to open more stores in the next five years, half of which will be in the U.S. and in China as the brand remains attractive for the retailers.
Tags: Revenue
Not a Happy Meal This Time: Mcdonald’s Reports First Drop on Global Sales in 3 Years
McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
Morgan Stanley Reports Better-Than-Expected Q2 2024 Earnings
Morgan Stanley reported that profits performed better than expected across the board in the second quarter of 2024 despite investors shifting to higher-yielding assets.
ZA Retailer Pepkor Reports 3.1% Revenue Drop, Cites Supply Chain Disruptions on Imports
South African company Pepkor Holdings reported a 3.1% fall in its half-year earnings report due to ongoing supply chain disruptions at local ports that impacted its merchandise imports, but also reported a 9.5% revenue rise compared to the similar time period last year.
Apple Surprises Market with Record $110 Billion Buyback Amid Higher-Than-Expected Q2 Results
Apple Inc. unveiled an unprecedented $110 billion buyback initiative, marking its largest buyback program to date.
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Swiss pharmaceutical giant Roche has experienced an improved revenue this year. However, it also saw a decline in market cap as its invetors remain cautious on broader industry factors.
Saudi Arabia’s King Salman issued a directive to transfer $27 billion to the Public Investments Fund. The allocation to the sovereign wealth fund aims to diversify investments and lessen the country’s dependence on oil revenues.
Consumers took advantage of Black Friday's bargains, with online shoppers outpacing the number of people who actually lined up to avail of the incredible deals. This trend drove online sales to surpass the $3 billion mark, breaking records of sales from previous years.
China's industrial sector gets a boost in profit as it gained a 9.8% year on year growth in October. The upsurge was a reselt of the improvement in the country's raw materials sector.
As of midday Wednesday, after the victory of Donald Trump in the US Presidential Elections, the shares of companies under the Utilities sector has underperformed other sectors.
The third quarter revenues of Samsung is now burning down in flames. Galaxy Note 7 was released last September hoping to be Samsung's salvation. Specially designed to attract more buyers to help the Korean electronics giant have bounce in the mobile market.
In 15 years of dominance, Apple Inc. posted its first ever annual revenue decline. However, they expect a large return growth in the current quarter with the help of the strong sales of its new iPhone 7.
FedEx said in a statement that “a new entity competing” with the company will have to spend tens of billions of dollars to replicate its current extensive network. The statement, referring to Amazon’s new plan to get into the logistic business, also assured that FedEx’s relationship with Amazon remain strong.
Facebook’s WhatsApp announced that they will stop supporting older mobile platforms, including BlackBerry, Nokia, as well as older Android and Windows operating systems. The decision would allow the app to further improve its features beyond older smartphones’ capabilities.
