Starbucks’ recovery slowed at the end of last year as U.S. coronavirus cases mounted, but the coffee titan says it’s confident its U.S. business will fully recover by March. “I am optimistic, because this year holds tremendous promise for healing," Starbucks CEO Kevin Johnson said in a conference call with analysts Tuesday. The Seattle-based company said its global sales at stores opened at least a year fell 5% in the October-December period. That was an improvement from the prior quarter, but it was still a bigger decline than the 4% drop Wall Street was expecting, according to analysts polled by FactSet. Starbucks also fell short of revenue forecasts. The company reported sales of $6.75 billion in its fiscal first quarter, below the $6.9 billion than analysts forecast. Not counting one-time items, Starbucks said it earned 61 cents per share in the October-December period. That was ahead of Wall Street's forecast of 55 cents. Shares in Starbucks Corp. slipped about 1% in after-hours trading. Starbucks said its business in China, its second-largest market after the U.S., has largely recovered, with same-store sales up 5% in the first quarter. Starbucks said it’s seeing fewer customers in China, but they’re spending more when they visit. The company opened almost 160 stores in China during the first quarter, for a total of more than 4,800. But in the U.S., same-store sales were down 5% for the quarter despite the holiday drinks that usually draw customers. Starbucks said visits to stores declined throughout the quarter because of rising coronavirus cases and local shutdown mandates. Sixty per cent of stores had limited seating available in October; by December, that had fallen to 40%, Starbucks said. Drive-thru was a bright spot. Starbucks said drive-thru orders made up more than half of U.S. net sales in the first quarter, up 10% from pre-pandemic trends. Chief Operating Officer Roz Brewer said Starbucks is trying to capitalize on that shift, with plans to open drive-thru only locations and speed service at drive-thru windows. Customer patterns have still not returned to normal, but in some ways that has benefitted the company. Starbucks has become a destination, not a stop during a commute, and customers are spending more on food and frothy drinks instead of plain coffees. It saw U.S. customer traffic fall 21% in the first quarter, for example, but those who came spent more, with the average ticket up 19%. Johnson said at some point the company expects its customers to return their work and school routines, but they still might spend more on the items they have grown used to buying during the pandemic. “I think customers have gotten used to more premium beverages and more food attached," Johnson said. Starbucks said it's confident U.S. same-store sales will rise between 5% and 10% in its fiscal second quarter as the pandemic's impact continues to fade. The company announced the departure of Brewer, a former Walmart executive who joined Starbucks in 2017. Brewer will become CEO of Walgreens Boots Alliance Inc. on March 15, the company announced, making her the only Black woman leading a Fortune 500 company. Dee-Ann Durbin, The Associated Press
Image source: The Motley Fool. K12 Incorporated (NYSE: LRN)Q2 2021 Earnings CallJan 26, 2021, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by, and welcome to the Stride, Inc.
At this time, I would like to turn things over to Mr. Dave Pahl. Good afternoon and thank you for joining our fourth quarter and 2020 earnings conference call. Rafael Lizardi, TI's Chief Financial Officer, is with me today.
Francois Locoh-Donou, F5's President and CEO; and Frank Pelzer, F5's Executive Vice President and CFO will be making prepared remarks on today's call. Other members of the F5 executive team are also on hand to answer questions during the Q&A session.
The Bitcoin bull market has stalled in recent weeks, but investors are still taking interest in the crypto market today. The post Bitcoin: Should Investors Stay Away Today? appeared first on The Motley Fool Canada.
"This is my final episode this season," the actor reveals to EW.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of investors that purchased Splunk, Inc. (NASDAQ: SPLK) common stock between August 26, 2020 and December 2, 2020 (the "Class Period"). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
UserTesting Launches New Test Types and Interactive Visualization Capabilities to Bring Greater Customer Insight and Intuition to Businesses
The suit alleges defendants issued false statements re: AstraZeneca business and prospects, resulting in its stock trading at inflated prices.
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of investors that purchased Northern Dynasty Minerals Ltd. (NYSE: NAK) securities between December 21, 2017 and November 25, 2020 (the "Class Period"). Investors have until February 2, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
By the end of March, Singapore hopes to have set up at least one community COVID-19 vaccination centre in every town, according to reports.
The Russian leader says his first call with the new US president was "business-like and frank".
The Oscar-nominated actor and his choreographer wife describe as "difficult" their decision to split.
Six of the 10 unprovoked shark attack deaths last year were in Australia. International report attributes spike in deaths in Australia to ‘chance’, saying the country’s 18 unprovoked attacks in 2020 was only slightly above average
NEW YORK — The baseball Hall of Fame won’t have any new players in the class of 2021 after voters decided no one had the merits — on-the-field or off — for enshrinement in Cooperstown on this year's ballot. Curt Schilling, Barry Bonds and Roger Clemens were the closest in voting by members of the Baseball Writers' Association of America released Tuesday, and the trio will have one more chance at election next year. It's the first time the BBWAA didn't choose anyone since 2013. Schilling, a right-handed ace who won three World Series titles, finished 16 votes short of the 75% threshold necessary for enshrinement. He got 71.1% per cent this time after coming up 20 votes shy at 70% last year. Schilling's on-field accomplishments face little dispute, but he has ostracized himself in retirement by directing hateful remarks toward Muslims, transgender people, journalists and others. “It’s all right, the game doesn’t owe me anything,” Schilling said during a live video stream on his Twitter account. He later wrote on Facebook that he has asked the Hall of Fame to remove his name from next year's ballot. Hall of Fame Board Chairman Jane Forbes Clark said in a statement that the board "will consider the request at our next meeting.” Bonds (61.8%) and Clemens (61.6%) made minimal gains and joined Schilling in falling short on their ninth tries. Both face suspicions of performance-enhancing drug use — Clemens has denied using PEDs and Bonds has denied knowingly using PEDs. Bonds also has been accused of domestic violence and Clemens of maintaining a decade-long relationship with a singer who was 15 when they met. Schilling, Clemens and Bonds will be joined on next year's ballot by sluggers Alex Rodriguez and David Ortiz. Rodriguez was suspended for all of the 2014 season for violating MLB's PED policy and collective bargaining agreement, and Ortiz's name allegedly appeared on a list of players who tested positive in 2003. Omar Vizquel, an 11-time Gold Glove winner, dropped from 52.6% last year to 49.1% after his wife accused him of repeated domestic abuses in December. Braves star Andruw Jones, arrested in 2012 on a domestic violence charge, got 33.9% in his fourth year. Rockies slugger Todd Helton, who pleaded guilty to driving under the influence and was sentenced to two days in jail last year, got 44.9% in his third time on the ballot. Some players missed out over old-fashioned baseball disagreements, too. Slick-fielding third baseman Scott Rolen moved from 35.3% to 52.9% and hard-throwing closer Billy Wagner from 31.7% to 46.4%. It’s the 19th time the BBWAA has failed to elect a Hall member and just the third time since 1971. With the Hall of Fame's Era Committees postponing their scheduled elections until next off-season because of the pandemic, there won't be a new Hall class for the first time since 1960. Cooperstown won’t be without celebration next summer, though. After the 2020 ceremony in the upstate New York village was cancelled due to the pandemic, Yankees great Derek Jeter and five-tool star Larry Walker will take centre stage on July 25, a year later than planned. They’ll be honoured alongside catcher Ted Simmons and late players’ association chief Marvin Miller. BBWAA members are instructed to elect Hall members “based upon the player’s record, playing ability, integrity, sportsmanship, character, and contributions to the team(s) on which the player played.” At a time when social justice movements are pushing for a broader reckoning on sexual misconduct and racial inequality, character evaluation took on an outsized role in this election cycle. While the Hall’s inductees already include racists, cheaters, philanderers and criminals, the current voting bloc has — narrowly, in many cases — taken a stand against candidates they think have insufficient integrity. A record 14 voters sent blank ballots, topping the 12 sent in 2006. Schilling — a six-time All-Star over 20 seasons with Baltimore, Houston, Philadelphia, Arizona and Boston — has been embroiled in controversy throughout his retirement. He launched a video game company, 38 Studios, that went bankrupt shortly after receiving a $75 million loan guarantee from Rhode Island, then was fired as an ESPN analyst after he sent a tweet comparing Muslim extremists to Nazi-era Germans and posted a derogatory Facebook comment about transgender people. Months later, Schilling was again criticized after using social media to applaud a T-shirt calling for journalists to be lynched. On Jan. 6, the day of the attack on the U.S. Capitol, he said the following in a message on his Twitter account: “You cowards sat on your hands, did nothing while liberal trash looted rioted and burned for air Jordan’s and big screens, sit back .... and watch folks start a confrontation for (expletive) that matters like rights, democracy and the end of govt corruption.” That tweet was sent a few days after Hall of Fame ballots were due. Schilling wrote on Facebook that he would like the veterans committee to review his Hall case. That panel — comprised of former players, managers and others in the game, along with some writers — is tasked with evaluating players who don't get election via the BBWAA vote. “I’ll defer to the veterans committee and men whose opinions actually matter and who are in a position to actually judge a player,” Schilling wrote. “I don’t think I’m a hall of famer as I’ve often stated but if former players think I am then I’ll accept that with honour. “In my heart I am at peace," he also wrote. “Nothing, zero, none of the claims being made by any of the writers hold merit.” Bonds’ ex-wife testified in 1995 during divorce proceedings that he beat and kicked her. Bonds said he never physically abused her but once kicked her after she kicked him. In 2008, the New York Daily News reported that Clemens had a decade-long relationship with country singer Mindy McCready that began when she was 15 and he was a star for the Boston Red Sox. Clemens apologized for unspecified mistakes in his personal life and denied having an affair with a 15-year-old. McCready later told “Inside Edition” she met Clemens when she was 16 and that the relationship didn’t turn sexual until several years later. The BBWAA recently voted overwhelmingly to remove the name and imprint of former Commissioner Kenesaw Mountain Landis from MVP plaques. Landis became commissioner in 1920, and there were no Black players in the majors during his more than two decades in charge. Further down the ballot, outfielder Gary Sheffield jumped from 30.5% to 40.6% on his seventh time on the ballot and Jeff Kent improved from 27.5% to 32.4% in his eighth year. The 2022 ballot also will include Phillies stars Jimmy Rollins and Ryan Howard, switch-hitting slugger Mark Teixeira and two-time Cy Young Award winner Tim Lincecum. ___ Follow Jake Seiner: https://twitter.com/Jake_Seiner ___ More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_Sports Jake Seiner, The Associated Press
WASHINGTON — Vermont Sen. Patrick Leahy was taken to a hospital Tuesday evening after not feeling well and later sent home after tests, a spokesman said, hours after the 80-year-old Democrat began presiding over the impeachment trial of former President Donald Trump. Leahy, who'd been in his Capitol office, was taken to George Washington University Hospital “out of an abundance of caution" after being examined by Congress' attending physician, Leahy spokesman David Carle said. The senator underwent an evaluation before his release from the hospital and looks forward to returning to work, Carle said. Leahy had commenced his role of overseeing Trump's latest impeachment trial by swearing in his fellow lawmakers. The actual trial will begin next month. Leahy is presiding because he is the Senate's president pro tempore, a largely ceremonial post. Chief Justice John Roberts presided over Trump's first impeachment trial a year ago when Trump was still president. The Senate president pro tempore job normally goes to the longest-serving member of the Senate's majority party. Leahy was first elected in 1974, making him the longest-serving current senator of either party. Leahy will be chairman once again this year of the Senate Appropriations Committee, a panel that controls a large chunk of the federal budget and will be in the middle of President Joe Biden's effort to provide more spending to combat the pandemic and recharge the economy. Leahy is the fifth-oldest current senator. Sen. Dianne Feinstein, D-Calif., 87, is the oldest. Alan Fram, The Associated Press
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In the span of just few months, Sen. Rob Portman of Ohio went from openly discussing his plans to help Republicans defend the 2022 Senate map, to announcing he would not seek reelection and instead plans to retire at the end of his term. While the news shocked his Republican colleagues on Capitol Hill, the announcement also signaled the starting point of another competitive campaign cycle. Portman is the third Republican senator from a key swing state to announce his retirement -- Sens.
An elephant herd played in the snow at Reid Park Zoo in Tucson, Arizona, on January 26.Footage taken by the zoo shows the elephants rolling around in the snowfall.“Snow day!” wrote the zoo on the post. “Most of the animals stayed cozy in their heated night houses during today’s flurry, but the elephant herd chose to stay out and play!”“Penzi took the snowflakes as a cue to play in the stream and slip and slide in the mud. Even her older sister, Nandi, could not resist a roll in the mud on a snowy day!” Credit: Reid Park Zoo via Storyful
President Biden has cancelled the permit for the controversial US-Canada project.