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Excluding these costs totaling approximately 50 basis points, G&A was 6.6% of revenue in Q4 and remained closer to 6% for the second half of fiscal year 2024, in line with expectations.
During the announcement of a strategic plan in November 2023, executives set an explicit target of reaching 55,000 locations globally by 2030. That would seriously drive greater revenue and ...
Starbucks said its revenue rose 8% to a record $9.43 billion for the October-December period. Starbucks CEO Laxman Narasimhan said there were pockets of good news in the fiscal first quarter.
Restaurant Brands International Inc. (RBI) is a Canadian-American multinational fast food holding company.It was formed in 2014 by the $12.5 billion merger between American fast food restaurant chain Burger King and Canadian coffee shop and restaurant chain Tim Hortons, and expanded by the purchases of Popeyes and Firehouse Subs in 2017 and 2021, respectively.
Starbucks' same-store sales — or sales at locations open at least a year — fell 3%. That was slightly higher than the 2.7% drop Wall Street had expected, according to analysts polled by FactSet. In China, where Starbucks is feeling pressure from lower-priced rivals, same-store sales plunged 14%.
Kinton Ramen specializes in Japanese ramen (noodle soup). Their first location was on Baldwin Street in Toronto, which opened in 2012. They eventually leveraged a franchise model to multiply their locations to 38 by April 2024, with locations in central Ontario, Quebec, British Columbia, Illinois and New York state. [35] [36]
CityPASS is a privately held company that produces and sells discounted ticket packages (discounted from the regular admission prices) to groups of attractions in various metropolitan areas including Atlanta, Boston, Chicago, Dallas, Denver, Houston, New York City, Orlando, Philadelphia, San Antonio, San Diego, San Francisco, Seattle, Southern California, Tampa Bay, and Toronto.
The Seattle coffee giant said its revenue was flat at $9.4 billion for the 13-week period ending Dec. 29. That beat Wall Street's forecast of $9.3 billion, according to analysts polled by FactSet.