Markets

Walmart climbs 6% after earnings crush estimates, boosted by online shopping

Walmart reported quarterly earnings on Tuesday that crushed Wall Street’s estimates, boosted by a huge surge in ecommerce. Shares of Walmart climbed as much as 6% in premarket trading Tuesday before paring those gains to trade lower. Walmart’s ecommerce sales soared 97% in the second quarter, as the coronavirus pandemic […]
Walmart climbs 6% after earnings crush estimates, boosted by online shopping
Markets

Starbucks sales are ‘clearly decelerating’

Starbucks cut its sales-growth forecast on Wednesday to 1% from 3%. Shares plunged 8% on the news. Morgan Stanley downgraded the stock, slashing its price target to $US59 from $US72. Follow Starbucks’ stock price in real-time here. Starbucks on Tuesday lowered its third-quarter same-store-sales growth forecast to 1% from its […]
Starbucks sales are ‘clearly decelerating’
Markets

Starbucks is ‘still a star’ when it comes to coffee

More than half of Starbucks customers surveyed by UBS say they would find another Starbucks if their local store were to close. The bank says Starbucks is “still a star” when it comes to US coffee, and can return to healthy same-store sales levels this year. Caffeine addicts aren’t showing […]
Starbucks is ‘still a star’ when it comes to coffee