Even the coffee giant, that purveyor of caffeinated craving, is not immune to the vagaries of macroeconomics. Starbucks, as noted by Forbes Magazine, said Thursday that it has seen underperformance to the effect that it has decided to close its Teavana chain of stores. That...
Starbucks reported second quarter results that showed a big uptick in mobile ordering and an increase in its rewards program. For Starbucks’ second quarter, which the company reported on Tuesday (May 2), the coffee chain operator said active U.S. membership in its Starbucks Rewards grew 11 percent...
In the end, things may have been too hot not to cool down, at least in Starbucks stores. In quarterly results that met the Street on the bottom line, missed on the top and showed slowing same-store sales growth, it was the latter metric that...
February 08, 2018
When Starbucks announced its earnings miss last week, there were several critical takeaways. By far the most popular was that Americans en masse had taken a hard pass on the Chestnut Praline Chai Tea Latte offered this holiday season. “Holiday [limited time offers] and merchandise did not resonate with our customers as planned,” noted Starbucks CEO Kevin Johnson during the earnings […]
July 28, 2017
Even the coffee giant, that purveyor of caffeinated craving, is not immune to the vagaries of macroeconomics. Starbucks, as noted by Forbes Magazine, said Thursday that it has seen underperformance to the effect that it has decided to close its Teavana chain of stores. That announcement came amid Starbucks earnings news, which saw a miss, […]
May 03, 2017
Starbucks reported second quarter results that showed a big uptick in mobile ordering and an increase in its rewards program. For Starbucks’ second quarter, which the company reported on Tuesday (May 2),...
January 27, 2017
In the end, things may have been too hot not to cool down, at least in Starbucks stores. In quarterly results that met the Street on the bottom line, missed...
