Thursday 20 June 2024
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Long-term outlook for UK coffee shops remains bright despite coronavirus

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

Smucker beats 3Q profit estimates thanks to coffee business, Uncrustables

ORRVILLE, Ohio, U.S. – The J. M. Smucker Company last week announced results for the third quarter ended January 31, 2020, of its 2020...

Luckin Coffee Analyst still confident to reach the company’s key targets

MILAN – Luckin Coffee Inc discussed concerns surrounding the Coronavirus outbreak's effect on its business in a conference call with analysts last week. The...

Groupe Seb reports Q4 sales up 2.5% to €2,240m, annual sales up 8% to €7,354m

ECULLY, France – Groupe SEB recorded sales of €7,354 million in 2019, up 8.0%, including organic growth of 5.8%, a currency effect of +1.0%...

JM Smucker Reports higher profits (+5%) at $182.5 mln for 3Q in Us Retail Coffee

ORRVILLE, Ohio, U.S. — The J. M. Smucker Company announced on Friday results for the second quarter ended October 31, 2019, of its 2020...

Luckin reports quarterly revenue beating expectations at $215.7 million (+540%)

MILAN – Luckin Coffee Inc. reported better-than-expected results on Wednesday and said it aims to break even next year. The Xiamen, China-based company, in...

Elior Group reports nine-month performance in line with forecasts

PARIS, France — Elior Group, one of the world's leading operators in the catering and support services industry, has released its consolidated revenue figures...

Starbucks shares tumbled Wednesday after lower than expected growth forecast

MILAN — Starbucks shares tumbled Wednesday after the company revised downwards its earnings projection for 2020. Starbucks Corp. shares were down 0.5% in active...

Mondelēz International reports Q2 results and raises full-year outlook

DEERFIELD, Ill., U.S. — Mondelēz International, Inc. yesterday reported its second quarter 2019 results. Net revenues declined 0.8% driven by unfavorable currency impacts. Organic...

Australian Bureau of Meteorology resets Enso Outlook to Inactive

MELBOURNE, Australia – The immediate likelihood of El Niño developing has passed, meaning the ENSO Outlook has been reset to INACTIVE, says the Bureau...

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