Tuesday November 25, 2025, 07:00:00
Earlier this month, we published a note suggesting that McDonald’s should take a long, serious look at whether or not it should move its headquarters out of Chicago, given the Windy City’s relatively high rate of violent crime, colder climate, and the city government’s disdain — if not outright hostility — toward businesses:
Wednesday October 29, 2025, 18:37:39
After today’s (Wednesday’s) market close, Starbucks reported fiscal Q4 (calendar Q3) adjusted EPS of $0.52. This was short of our $0.65 forecast as well as sell-side consensus (according to Consensus Metrix) of $0.57. Management comments on today’s conference call that “Earnings per share of $0.52 in the fourth quarter continues to reflect the investments we’re making in the business to execute our strategy.”
Tuesday July 29, 2025, 19:38:48
After today’s (Tuesday’s) market close, Starbucks reported adjusted fiscal Q3 (calendar Q2) EPS of $0.50. This was well short of both our $0.75 projection and sell-side consensus (according to Consensus Metrix) of $0.65. In its 10-Q out today, Starbucks notes that “Store operating expenses as a percentage of total net revenues increased 390 basis points for the third quarter of fiscal 2025. Store operating expenses as a percentage of company-operated stores revenue increased 470 basis points, primarily due to additional labor (approximately 160 basis points), deleverage (approximately 150 basis points), and increased marketing (approximately 90 basis points).”
Thursday December 4, 2025
Tuesday December 2, 2025
Tuesday November 25, 2025
Thursday December 4, 2025
Tuesday December 2, 2025
Tuesday November 25, 2025