Wednesday June 8, 2022, 07:00:00
China and Russia have been important markets in the past for multiple large restaurant companies, including Yum Brands/Yum China and McDonald’s. What do the experiences of Yum Brands and McDonald’s in China and Russia suggest about the future of Starbucks China?
Tuesday May 3, 2022, 19:10:10
After today’s market close, Starbucks reported adjusted fiscal Q2 (calendar Q1) EPS of $0.59. This was better than our $0.54 forecast (which we had lowered in March due to Covid-related issues in China), and matched sell-side consensus (according to Consensus Metrix) of $0.59.
Monday March 14, 2022, 12:40:49
Earlier today, Yum China (YUMC; Not Rated) provided a business update in which it said that while its same-store sales were down by about -4% over January/February, they had “decreased approximately -20% year-over-year for the first two weeks of March” and were “still trending down in recent days.”
Thursday October 10, 2024
Thursday October 10, 2024