US fast-food chains may have to amp up promotions as more people eat at home [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks this week. Disposable income in the United States is declining, particularly in the lower-income cohort, while the slow economic recovery in China has increased industry-wide pressures for quick-service chains including KFC owner Yum Brands that has extended across several quarters. Menu prices have risen across the industry over the past year as companies try to mitigate higher commodity and supply chain costs. However, that has hurt demand and boosted consumers' desire to eat at home in the United States, the world's largest economy. "The lack of value offers has opened up consumers to shop for different options whether it be other (chains) or the grocery stores," Razmig Poundardjian, portfolio manager for Carnegie Investment Counsel said. Packaged food companies are also feeling the pinch of weak consumer spending, especially from low-income households, as t
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website