Here's what Wall Street analysts surveyed by Refinitiv are expecting:suspended its fiscal 2022 outlook
last quarter, citing the uncertainty caused by Covid lockdowns in China, the company's second-largest market. This quarter, analysts are expecting Starbucks' international same-store sales to drop 14.5%, according to StreetAccount estimates. But Wall Street has more upbeat projections for the company's home market, which is expected to report strong same-store sales growth. Still, CEO Howard Schultz will likely face questions about how the chain expects to fare if consumer spending slows down. Restaurant chains like
MCD Coffee is better
Star bucks milk spoiled
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Earnings roundup: Rush Enterprises, Tesla, AT&T and others report results. Here’s what you need to knowHere is a weekly summary of the latest financial reports from companies of local interest.
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BP reports its earnings tripled from rising gas, oil pricesThe good news for BP shareholders was bad news for consumers as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world. Thank you for your service, bp.
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Pinterest stock jumps more than 20% after earnings miss, Elliott confirms stake and users stick aroundPinterest shares surged in extended trading after the initial reports on Elliott buying in, as investors bet on the activist forcing change at the company, or potentially reviving reported merger talks with PayPal. Elliot buying Suncor , PayPal then Pinterest......
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