Starbucks posts better than expected sales as profits are squeezed
November 4, 2022
Starbucks reported $8.41 billion in sales for the last quarter, exceeding the $8.32 billion expected by analysts. Higher costs cut into the coffee giant’s profits. Starbucks reported net income of $878 million, down from $1.76 billion a year ago.
Recent News
Walmart Introduces Supplier-Driven Self-Serve Insights Connectors
Walmart revealed a new insights offering that combines its Walmart Connect and Walmart Luminate products.
Alaska Airlines Resumes Flights After Ground Stop
As a precautionary measure to resolve an issue that arose during a system upgrade, Alaska Airlines requested a ground stop, which lasted about an hour.
Google Announces More Layoffs and Roles Moving Overseas
Google has made significant changes to its workforce, laying off employees and shifting some jobs overseas as part of a large-scale restructuring.
Peloton Ends Free App Access Amidst Subscriber Struggles
Peloton has ended its unlimited free app membership, less than a year after its introduction.