Vegetarian sausages from Beyond Meat Inc, maker of vegan burgers, are displayed for sale at a market in Encinitas, California, June 5, 2019. Mike Blake | Reuters Besides meat on Thursday lowered its revenue forecast for 2022 and announced it would cut its workforce by 4%, citing economic uncertainty. The El Segundo, California-based company also … Read more
A sign hangs in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | beautiful pictures International restaurant brand on Thursday reported quarterly earnings and revenue that beat Wall Street’s expectations, boosted by growth in international sales at Burger King and a rebound in Tim Hortons’ Canadian locations. … Read more
Alibaba has faced growth challenges amid tightening regulation of China’s domestic tech sector and a slowdown in the world’s second-largest economy. But analysts say the e-commerce giant’s growth could accelerate through 2022. Kuang Da | Jiemian News | VCG | Getty Images Ali Baba reported fiscal first-quarter earnings on Thursday that beat expectations, sending shares … Read more
An exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey WATCH the press | Corbis News | beautiful pictures Walmart confirmed on Wednesday that it had begun laying off the company’s employees about a week after the company reduce its profit prospects and warned consumers have pulled back on … Read more
A CVS pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS said on Wednesday that it plans to acquire or take a stake in a primary care company later this year, as competition heats up with Amazon and Walgreens. CEO Karen Lynch said about the … Read more
Alibaba has faced growth challenges amid tightening regulation of China’s domestic tech sector and a slowdown in the world’s second-largest economy. But analysts say the e-commerce giant’s growth could accelerate through 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba’s Sales could fall to a record for the first time when the … Read more
Starbucks Tuesday reported better-than-expected quarterly earnings and revenue, although the shutdowns in China are hurting its performance. Shares of the company rose more than 1% in extended trading. Here’s what the company reported for the July 3 quarter versus what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings per share: adjusted … Read more
A bottle of Molson Coors Brewing Co brand beer. Blue Moon Tiffany Hagler-Geard | Bloomberg | beautiful pictures Molson Coors soft drink is seeing a split among its customers as inflation hits their wallets: some beer drinkers are trading down, while others are still looking for more expensive six-packs. Shares of the beverage company fell … Read more
With the salary increase set to start on Starbucks In cafes around the United States on Monday, labor organizers are asking the coffee giant to extend benefits to union shops without going through a bargaining process. The request was made after Starbucks announced in May that it will raise wages for workers and add other … Read more
Energy Drinks C Courtesy: Celsius Holdings PepsiCo on Monday announced a $550 million investment in the energy drink maker C Holdings as part of a long-term distribution agreement with a smaller company. Shares of Celsius jumped 8% in morning trading on the news, bringing its market value to $6.7 billion. Celsius is hoping to add … Read more