News

Starbucks stock falls as sales disappoint, turnaround pressures earnings

Starbucks on Tuesday reported weaker-than-expected earnings and another quarter of same-store sales declines, but the coffee giant said its turnaround strategy is showing early signs of success."Our financial results don't yet reflect our progress, but we have real momentum with our 'Back to Starbucks' plan," CEO Brian Niccol said in a video posted...

Wealth

Shares of Gucci-owner Kering drop after first-quarter sales slump

A Gucci luxury boutique in Paris, France, on Tuesday, Oct. 22, 2024. Bloomberg | Getty ImagesShares of Kering fell on Thursday after the French luxury goods group posted lower than expected first-quarter sales and pointed to further macroeconomic headwinds ahead.Revenues at the fashion giant plunged 14% year-on-year in the first quarter to 3.9...