Earnings reporter with Bloomberg News. Views mine. rbrown298@bloomberg.net
New York
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Starbucks results were the strongest statement to date that its "Back to Starbucks" turnaround plan instituted under CEO Brian Niccol is working.
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Very fun story from my colleague Dina Katgara on mystery boxes. Interesting to me that even while we're all talking about consumers pulling back people are willing to let fate decide on what they actually buy.
Free link here: bloomberg.com/news/features/…
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Sweetgreen shares hit an all-time low today. Its been coming after years of mismanagement.
bloomberg.com/news/articles/…
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Wendy's posted sales shrank less-than-expected. Evening struggling fast food chains doing well in this market.
bloomberg.com/news/articles/…
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Starbucks shares rising after posting their first same-store sales growth in over a year. International business led the way with a 3% jump. China was also bright, where transactions rose 9%!
Call is at 4:15 pm ET
First take here:
bloomberg.com/news/articles/…
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Redd Brown retweeted
The fried chicken wars are leaving KFC "irrelevant." Bloomberg's @redd_brown55 reports that the company has a plan for a comeback: Ditch the bones bloom.bg/3WM9XnL
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Redd Brown retweeted
The fried chicken wars are leaving KFC "irrelevant." Bloomberg's @redd_brown55 reports that the company has a plan for a comeback: Ditch the bones bloom.bg/3WM9XnL
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For those who prefer watching over reading, here's a quick video of why KFC is struggling and how they plan to comeback:
bloomberg.com/news/videos/20…
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When's the last time you went to KFC? If its been a while its probably because its become "irrelevant" and "invisible," in the words of the US brands president.
How does the brand stage its comeback? Throwbacks and bringing the Colonel front and center:
bloomberg.com/news/features/…
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Kenvue, the company behind Tylenol, issued its most full-throated defense of the product since President Trump linked the medication to childhood autism.
The company made the statement in response to a petition at the FDA requesting a label change.
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Lamb Weston -- the company that makes all the French fries you eat -- saw improving foot traffic trends at some North American fast food restaurants.
Sounds like promotions we're seeing are starting to gain traction.
Read more here:
bloomberg.com/news/articles/…
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One of the very best stories I've read in a while. Who doesn't love a good scam story?
bloomberg.com/news/features/…
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Starbucks announced a $1 billion restructuring this morning.
That will include cutting 900 corporate jobs.
And, after evaluating its North American locations, company is moving to close many underperforming cafes.
Read more (for free!) here: bloomberg.com/news/articles/…
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No, AI hasn't killed off travel agents. In fact, people listing travel agent as their profession on LinkedIn is growing right alongside people saying their AI engineers.
Learn more here (free link): bloomberg.com/news/articles/…
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Creatine is shedding its reputation as a supplement exclusive for gym-bros. More and more, women and older Americans are discovering the benefits of creatine. New brands like Create Wellness are cashing in on the trend.
Read more (for free!) here:
bloomberg.com/news/articles/…
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Petco turnaround taking hold. The pet store chain raised its full-year outlook today.
Check out my full report:
bloomberg.com/news/articles/…
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Williams-Sonoma saw strong growth across all its brands. Raised its full-year sales targets now, too.
Curious what they have to say about the threat of furniture tariffs...
My full report here:
bloomberg.com/news/articles/…
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Duolingo raised its full-year outlook while also laying out its plans to continue pushing more non-language offerings.
Its bringing in the team behind music gaming app NextBeat in its biggest deal to date to beef up its own music offerings.
bloomberg.com/news/articles/…
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Six Flags lowered its outlook and walked away from its long term targets after weather kept attendance low at its parks in the second quarter.
Long-serving CEO is also stepping away by the end of 2025. Free link to coverage here:
bloomberg.com/news/articles/…
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Amusement park attendance is off to the worst start for its busiest period of the year in the post-pandemic era as bad weather deters thrill seekers.
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