Wednesday 31 May 2023
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outlook

Climate

La Niña pattern has become established in the tropical Pacific, but will be short-lived

Desk3 -
MELBOURNE, Australia – La Niña has become established in the tropical Pacific, the Bureau of Meteorology (BOM) of the Australian Government reports in its...
Companies

Starbucks reports $1.1b profits in 3Q F2021, revenues jumped nearly 78 percent to $7.5b

Desk3 -
MILAN – Starbucks reported on Tuesday better than expected results for its 13-week fiscal third quarter ended June 27, 2021, as more customers returned...
Chocolate

Barry Callebaut reports sales volume up +3.4% in the first nine months of 2020/21

Desk3 -
ZURICH, Switzerland – The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, reported an accelerating sales volume growth of...

Bühler has proved reliability and robustness in 2020 and looks forward with bounded optimism

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UZWIL, Switzerland – In 2020, Bühler proved to be a reliable partner to all its stakeholders and showed robust business performance in 2020. Protection...
Companies

Starbucks expects to have 55k locations by 2030

Desk3 -
MILAN – During an investor event last week, Starbucks said it plans to add about 22,000 new locations within the next 10 years —...
Chocolate

Barry Callebaut full year results hit by Covid, sales volumes recover in the last quarter

Desk3 -
MILAN – Barry Callebaut - the world's leading manufacturer of high-quality chocolate and cocoa products headquartered in Zurich, Switzerland - said sales volumes recovered...
Roasters

JDE Peet′s reports a 2.9% drop in 1H sales to €3.2b, expects sales to rebound in 2Q

Desk3 -
MILAN – JDE Peet's, the world's largest coffee and tea group by revenue, reported Tuesday half-year 2020 results that were heavily impacted by Covid-19....

Sodexo reports 3Q revenue down by 30% due to due to Covid-19 impact

Desk3 -
MILAN - French catering and facilities management firm Sodexo said Tuesday that revenue for its third quarter of fiscal 2020 dropped by almost a...

Starbucks expects 2Q earnings to be cut almost by half due to Covid-19 outbreak

Desk3 -
MILAN – Starbucks said Wednesday it expects that it expects its fiscal second-quarter earnings to be cut nearly in half from a year ago...

Long-term outlook for UK coffee shops remains bright despite coronavirus

Desk3 -
LONDON, UK – Despite current adversity due to coronavirus, the long-term outlook for UK coffee shops remains bright. Coronavirus currently presents an unprecedented challenge...
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