DoorDash and Starbucks face challenges as consumer orders slow down and input costs rise. DoorDash's weak earnings lead to a sharp stock decline, while Starbucks experiences its first global sales drop since the pandemic. Both companies are adjusting to changing consumer behaviors and economic conditions.
Earnings drop for Starbucks, DoorDash and Netflix as consumers tighten their belts. @philrosenn https://t.co/AE7SnoKrc9
🇺🇸 McDonald's says it's listening to penny-pinching customers and focusing on value https://t.co/ndWqP0En6O
🇺🇸 Fast-food restaurant sales slump as more people eat at home https://t.co/UQyLWdD78S
.@Starbucks Is Running Out of Americans to Drink Its Expensive Coffee - WSJ $SBUX #retail https://t.co/oLu4gJGWhu
What a headline in today's WSJ: "Starbucks Is Running Out of Americans to Drink Its Expensive Coffee" https://t.co/3zDWzOQBJx
Insect Farming Goes High-Tech with AI Integration #Agriculture #AI #AItechnology #artificialintelligence #Cogastro #FelixCollins #FullCircleBiotechnology #insectfarming #Lithuania #llm #machinelearning #productionefficiency https://t.co/ubDFQ7jDQ0 https://t.co/0i4gPkynS4
BREAKING CEO of Starbucks Laxman Narasimhan shares plunging Q2 results with CNBC, suggesting the successful impact of targeted boycott efforts placing pressure on Starbucks https://t.co/ojGZNCVBQD
A GREAT Heard on the Street from @Spencerjakab Starbucks is banking on foreigners, especially in China, to buy a lot more of its drinks https://t.co/oQTyKFuEvg via @WSJ
McDonald’s, $MCD, and other big brands warn that low-income consumers are starting to crack, per CNBC.
Americans are balking at expensive Starbucks beverages, but it has an even bigger problem https://t.co/FGeW2OUquk $SBUX
Fast-food restaurant sales slump as more people eat at home https://t.co/MSYJTRcTTk
McDonald's prices are skyrocketing ... How much longer before the lower-income people stop going all together? Do you still buy fast food? 🚨🚨🚨 https://t.co/z3pNVHLGkI
Are higher prices at fast food chains making you reconsider dining out? Chains like KFC, Pizza Hut, and Starbucks have all reported stores with declining sales in 2024. https://t.co/3LxudyrWg1
Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks. https://t.co/dEf6KxvWRf
Back from vaca and I could have been a little more caffeinated (and a little less sunburned) for this bit on $SBUX. Company has hit a growth and pricing wall. Good company, bad stock (at least at these levels). Who else thinks $CELH may be a problem for them at the margin? https://t.co/cyWh6wFXgV
"Sticky Inflation" Mentions On Earnings Calls Hits New High As Big Brands Warn About Buckling Consumers https://t.co/cMMpPFDK17
Beats Roundtable | May 1, 2024 (Segment Recap) Berna Barshay @Hedge_FundGirl piling onto all the #Starbucks #SBUX chatter - including Jeff's @JeffMacke from earlier in the week. Fantastic work Berna! "This isn't about the consumer. This is a company specific problem." https://t.co/KY8lAVgZrd
Fast food chains may have maxed out menu price hikes with sales weakening for several big chains in the first quarter. I chatted with @jonathanmaze about what's next. $CMG $WING https://t.co/GWKwliKwVW
During his interview on CNBC addressing his company's dramatic stock collapse, Starbucks CEO Laxman Narasimhan acknowledges that one contributing factor is the Middle East, hinting the ongoing boycotts in response to the Israeli genocide in Gaza due to his company's support of… https://t.co/tQGdgxwz9p
food chains as rising inflation drives up the prices of necessities — and earnings reports released this week show those predictions might have come true. McDonald's, Starbucks, Pizza Hut, and KFC all reported lower-than-expected sales this week. https://t.co/C1dXSPduR9
LONG-PREDICTED CONSUMER PULLBACK FINALLY HITS RESTAURANTS LIKE STARBUCKS, KFC AND MCDONALD'S (CNBC) It's finally here: the long-predicted consumer pullback. Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday.… https://t.co/bPKNBKhsBm
Investors are hungry for value in $DASH. While Wall Street is worried about the company's profits, @jimcramer says CEO @t_xu was too harsh on the company's performance on the call. "I thought he took the stock down...he is such a perfectionist." https://t.co/xyCQVv4FAn
How to generate some return in beaten-down Starbucks using options following its earnings rout https://t.co/cKgg35gfVw
$SBUX Sweeper locks in massive loss on wrote puts.. 😬 https://t.co/3IMvgO2X8D
From the Editorial Board: The U.S. consumer is increasingly tapped out, and the effects are being felt in even the strongest, most resilient brands out there. Exhibit A is Starbucks. https://t.co/kzWjZgMF6O
BioRaptor and Aleph Farms use AI to lower the costs of cultivated beef https://t.co/EZFIoZvBnt via @VentureBeat
To follow up on this $SBUX point, here's $DASH's CEO on their call saying they don't see any behavior change or signs of strain. They processed 620 million orders with a value of nearly $20 billion. @SaraEisen https://t.co/vsjnlhg0GP https://t.co/Vp9eWUHMHp
This could be one of the worst live TV CEO interviews I have ever seen. Starbucks stock crashed 5% during this interview. https://t.co/cxB5K4g77z
🇺🇸 Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald's https://t.co/n3QXGWS7Lo
Downbeat performance at coffee giant Starbucks raises questions about how Laxman Narasimhan, CEO for just over a year, will tempt back customers facing persistent inflation. https://t.co/Pj4Y5CUZLb
$SBUX $MCD $YUM $QSR $CMG Long-predicted consumer pullback finally hits restaurants like Starbucks, KFC and McDonald’s - CNBC https://t.co/EIYF6ydsaj
Fantastic interview by @jimcramer. Let’s face facts, @Starbucks is just too expensive and @dunkindonuts is simply the better value proposition. $SBUX https://t.co/uLV39GW2VZ
🇺🇸 Starbucks CEO’s honeymoon is over after sales slump, shares dive https://t.co/xJHQgcbwGo
The collapse of Starbucks is insane: Starbucks' CEO went on LIVE TV attempting to revive the stock. He says, "it was a very tough quarter due to pressures on customers, China, and challenges of the business in the Middle East also impacting us in other geographies." The worst… https://t.co/JZGVwx3Wnc
Inflation Hitting the Caffeine Market? @Starbucks reported a 3% decline in same-store sales & a 7% drop in traffic in their Q2 earnings Total sales dipped almost 2% despite opening 364 net new stores in the quarter @ChainStoreAge
Starbucks reported 4% decline in sales between Jan and March Analysts had expected growth Reasons for poor performance: - Cold weather in Jan - Cautious consumers - Mideast war https://t.co/Aa5oLKYsn8
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy. https://t.co/GlQ0f63S53
🇺🇸 Fast food operators rushing to use AI in the wake of minimum wage hikes https://t.co/3UVQ4njo0A
AI & Robots are automating some of the "high precision tasks" required to butcher beef and chicken: https://t.co/PQdGEascGj https://t.co/u4RXcWybO7
AI has the potential to ease the US meat industry's labor vulnerability by letting robots perform some of the high precision tasks required to butcher meat (Bloomberg) https://t.co/cYhlG8wnMQ 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/q780NctmcL
Fast-food giants may need to get more aggressive with price cuts and promotions amid a slowdown in sales and traffic https://t.co/3ezNPgNxlH.
I've always been puzzled by the Cramer hate on FinTwit. He's a smart guy and has some good insights, but you should always do your own DD. Here Cramer really grills the CEO of $SBUX on a terrible quarter. https://t.co/kEXxUU3lgQ
KFC, Pizza Hut Feel Consumers’ Tightening Restaurant Budgets https://t.co/UCgsME6LGR via @WSJ
The interview heard round the world. Jim Cramer destroys Starbucks CEO; $SBUX stock fell an additional $2/sh just during the 14 minute grilling. Truly cringe-worthy television. As Apollo’s trainer said in Rocky IV, “Throw in the damn towel!” Activist investors are salivating. https://t.co/xnzCXfxVrP
All the data says the economy is "strong" while: 1. Starbucks stock, $SBUX, fell 20% after reporting a 6% drop in traffic 2. Doordash stock, $DASH, fell 15% after reporting a $21 million loss 3. Netflix stock, $NFLX, fell 10% after reporting a weaker outlook for Q3 2024 4.…
🚨🇺🇸BREAKING: BIGMAC TOO EXPENSIVE FOR MOST AMERICANS Big brands like McDonald's report significant decreases in sales as low-income consumers grapple with rising costs. CEO Chris Kempczinski: "Consumers continue to be even more discriminating with every dollar that they… https://t.co/Gbik07wCCo
Cramer did a good job interviewing $SBUX CEO https://t.co/5zOL94jl30
$DASH down sharply in a.h. after it forecasted weaker than expected core profit, higher costs from rising groceries and food orders. Revs growth deceleration continued in Q1. Tough time is ahead for the young company. ~150 institutional investors reported holding ~23M shares,… https://t.co/EpnSHOybf7
Starbucks CEO’s honeymoon is over after sales slump, shares dive https://t.co/gfjjRkiqy1 https://t.co/XWp5HqPQ47
DoorDash reports record quarterly revenue of $2.5B, rips Seattle over minimum wage law https://t.co/cWweRXN1cB
BUSINESS: Starbucks shares fell by 15.8% in today's trading after missing revenue expectations
UNITED STATES: CNBC reports that McDonald's and other brands warn that 'low-income consumers are starting to crack'
Starbucks nearing its largest drawdown in 15 years $SBUX https://t.co/AijC4R0cA3
Bitter day for Starbucks! $SBUX dropping after reporting a surprise decline on same-store sales. Despite the miss, Bank of America's Sara Senatore is leaving her price target unchanged. She makes the bull case for the stock: https://t.co/UKahVsaU6V
Starbucks having its worst percent drop since the start of the pandemic after reporting disappointing earnings. The CEO joined CNBC this morning to make the bull case for the stock, but it didn't make it much better: https://t.co/KeAZdT7n8D
Starbucks North America YoY Average Ticket $SBUX CEO Laxman Narasimhan (CNBC interview): "When I look at the U.S. occasional customer, they've clearly cut back on visits to us... we have not been able to communicate to them the value that we provide." https://t.co/KURx0lb7HR
Starbucks North America YoY Average Ticket $SBUX CEO Laxman Narasimhan: "When I look at the U.S. occasional customer, they've clearly cut back on visits to us... we have not been able to communicate to them the value that we provide." https://t.co/2m5PVdAlPw
🇺🇸 FAST FOOD CHAINS BOOST PROMOTIONS TO COUNTER INFLATION As inflation hits, fast food chains like McDonald's and Starbucks are enhancing promotions in order to attract diners. With U.S. disposable income dropping and slow recovery in China, fast food brands face declining… https://t.co/8X0S01OrM9
$SBUX… …wow, I don’t watch much (any!) Cramer, but I can’t rem when he was this aggressive with a guest CEO!? https://t.co/eQoLiz1Vjs
$DASH tanks 16% on earnings? The San Francisco-based online food delivery firm has been forced to increase minimum pay for its delivery workers after New York City and Seattle came up with new regulations. https://t.co/lZgM2mkKIH
$SBUX just posted its first global sales drop since the 2020 pandemic https://t.co/zVjtGnnuTU
Cartoon of the Day ☕️ $SBUX missed on earnings and dropped -17% as a result. Our Consumables analyst @HowardWPenney absolutely nailed the call. Click here to read more: https://t.co/TnBSXUNvIY https://t.co/oPBDuisMmM
$DASH -12% after market on light 2Q EBITDA guidance ($375M at midpoint vs $396M est). On 2Q marketplace GOV guidance was higher than expected ($19.2B vs $19.1B est) so demand is fine, but company must be anticipating spending more on new verticals or infrastructure. Conf call…
US fast-food chains may have to amp up promotions as more people eat at home https://t.co/BVxOiUrns5 https://t.co/gQtduJp5HY
I speak with @DoorDash CFO Ravi Inukonda about $DASH's latest financial results. https://t.co/YlefcUVz2s
DoorDash plummets on weak earnings amid a sharp slowdown in consumer orders & higher input costs for 1099 workers You mean people don’t want $97 Chipotle delivered by a random?