Bremerhaven. (bm) Starbucks’ success is no longer a sure-fire success. In Q2-2024, global comparable store sales declined 4 percent and consolidated net revenues went down 2 percent. In China comparable store sales declined 11 percent and revenues went down 8 percent, while store count in China increased 14 percent. Corporate goals have obviously not been achieved. Local rivals are challenging the global top dog for market share. Starbucks is not unbeatable and local competitors are strong in East Asia. Other topics:
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- RBI: Reports First Quarter 2024 Results [CA] Fri 05-03
- Luckin Coffee Inc.: Q1-2024 ends with plus 2342 stores [CN] Fri 05-03
- DPC: Dominos Pizza China releases 2023 annual report [HK] Fri 05-03
- Luckin Coffee: Jiangsu Roasting Plant Starts Production [CN] Thu 05-02
- Domino’s: Announces Q1-2024 Financial Results [US] Thu 05-02
- Luckin Coffee: about co-branding in Chinese [CN] Thu 05-02
- Unilever PLC: Reports Q1-2024 Financial Results [UK] Thu 05-02
- GrubMarket: Expands Further into South Africa [US] Wed 05-01
- Yum China: Reports First Quarter 2024 Results [CN] Wed 05-01
- Syngenta Group: Reports Q1-2024 Financial Results [CH] Wed 05-01
- Valora: announces changes for its Food Service division [CH] Wed 05-01
- HelloFresh SE: announces Q1-2024 financial results [DE] Tue 04-30
- Savanna and Palmer Holland sign distribution partnership [US] Tue 04-30
- Woodland Foods: Announces Acquisition of Idan Foods [US] Tue 04-30
- Canada: Farinart Acquires Malterie Frontenac [CA] Tue 04-30
- Nestle SA: reports three-month sales for 2024 [CH] Mon 04-29
- Corbion: Q1-2024 Interim Management Statement [NL] Mon 04-29
- Cloetta AB: protects profit despite historically high cocoa price [SE] Mon 04-29
- Darling Ingredients: Reports Q1-2024 Financial Results [US] Mon 04-29
- Kesko to build a new hypermarket store in Porvoo [FI] Sat 04-27
- Sodexo: to Launch Thousands of Hot Food-Producing Robots [US] Sat 04-27
- Chipotle: Announces First Quarter 2024 Results [US] Sat 04-27
- Sodexo: announces solid H1 Fiscal 2024 results [FR] Sat 04-27
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- Global Industry: Compass Group announces strong start to FY-2024
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- Tipp: Bestellautomatik clever nutzen in Marvin
- Global Industry: Tomatoes from Sweden no longer a rarity
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