The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Starbucks earnings: US consumer stays resilient as beverage giant teases updated growth strategy

November 3, 2023
Source: finance.yahoo.com finance.yahoo.com
News Snapshot:
Starbucks (SBUX) brewed up some fiscal Q4 earnings early Thursday morning. While it beat most estimates, it was a tale of two countries. US consumers are still willing to splurge for their pumpkin spice and chai tea lattes, but Chinese consumers are tightening their wallets. Starbucks' overall revenue is up 11% to nearly $9.4 billion, higher than the $9.28 billion expected from Wall Street, while adjusted earnings per share came in at $1.06, which also beat estimates of $0.97. Global same-store sales jumped 8%, driven by a 4% increase in ticket size and a 3% increase in traffic. Shares of...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: AAPL | AI | Amazon | America | Apple | Bloomberg | brand | Business | CEO | CFO | China | Chinese | Coffee | consumer | Covid-19 | culture | customer | delivery | digital | Dollar | drugs | Economy | email | employee | equipment

Other News:

11:11 | Telegram, the new 'dark web', UAE's oil import, Mumbai rains intensify, US market crash and more

June 24, 2026
cnbctv18.com cnbctv18.com

Why Kim Jong Un is racing to expand North Korea's nuclear arsenal

June 24, 2026
hindustantimes.com hindustantimes.com

Chinese EV makers are shut out of India – but their tech isn't

June 24, 2026
reuters.com reuters.com

Beyblade: Why these adults are suddenly obsessed with a kids toy from the 90s

June 24, 2026
edition.cnn.com edition.cnn.com

Why these adults are suddenly obsessed with a kids toy from the late 90s

June 24, 2026
abc17news.com abc17news.com

China's premier rejects claims that state subsidies are driving tech rise

June 24, 2026
asia.nikkei.com asia.nikkei.com

US remains global leader in AI, but China rapidly closing gap with cheaper models: JP Morgan

June 24, 2026
devdiscourse.com devdiscourse.com

Reuters Science News Summary

June 24, 2026
devdiscourse.com devdiscourse.com

China Fails To Stop Tech Firms From Using NVIDIA Chips, As Banned DGX & RTX "Blackwell" GPUs Hit 2x Price on Black Market

June 24, 2026
wccftech.com wccftech.com
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.