Page 4 - Patrick Grismer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Author Bio Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Follow @tmfsigma Starbucks' (NASDAQ:SBUX) latest earnings report contained encouraging signs of a rebound, even though a profit recovery may take longer than investors had hoped. That was the main takeaway from the coffee giant's holiday quarter results from late January. In a subsequent conference call with Wall Street analysts, CEO Kevin Johnson and his team broke down the latest results and explained why they're still optimistic about a sharp growth sp...

Shares Starbucks executives discussed the company’s recent shift toward plant-based food and drink innovation during an investor earnings call this week. UBS financial analyst Dennis Greiger asked Starbucks CEO Kevin Johnson about how the company is addressing changes in consumer behavior amid the COVID-19 pandemic. Johnson responded by pointing to various innovations that the chain has implemented, adding “and if I were to say what is probably the most dominant shift in consumer behavior, [it] is this whole shift to plant-based. And that is a shift both in beverage and in food.”  Star...

Starbucks on slow path to recovery, COO stepping down Although sales fell short of Wall Street's expectations, Q1 earnings of 61 cents per share topped estimates of 55 cents per share but declined 22.8% year-over-year due to lower sales and margins. Revenue fell 5% to $6.75 billion and missed analysts' forecasts of $6.93 billion Provided Reporting Tuesday that Q1 comparable-store sales were down 5% in the U.S. but up 5% in China, Starbucks Corporation CEO Kevin Johnson said the chain was demonstrating sustained recovery and calling the company "stronger and more resilient than ever." Although...

The pandemic has affected both businesses in different ways. Which one should you own?

Author Bio Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles. A new year means a new executive in the C-suite for Starbucks (NASDAQ:SBUX). The takeout-coffee king announced Thursday that its current CFO Patrick Grismer is retiring, effective Feb. 1. He'll be replaced by fellow company veteran Rachel Ruggier...