Quarterly sales articles
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Starbucks reports surprise drop in quarterly sales as demand falls
With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down 8% in extended trading. "In a highly challenged environment, this quarter's results do not reflect the power of our brand," CEO Laxman Narasimhan said. Demand in the United States decelerated for a second straight quarter as boycott movements impacted traffic at its stores, while a choppy macro environment weighed on demand for its pricier...
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Cummins Inc. first quarter revenue dips, North America sales flat
Cummins Inc. on Thursday reported a one-time gain from the separation of its filtration business while first-quarter revenue dipped slightly compared to the first quarter last year. Continue reading at The Republic News.
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Starbucks shares sink 8% as same-store sales fall, quarterly results miss
on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales. Shares of the...