Is cold the new hot at Starbucks?

by Cherryh Cansler — Editor, FastCasual.com

August 3, 2023

The cold business at Starbucks is hotter than ever as sales of unheated drinks reached 75% of U.S. beverage sales during the chain's third quarter, which ended…

Starbucks percolates solid Q2

by Cherryh Cansler — Editor, FastCasual.com

May 3, 2023

Starbucks CEO Laxman Narasimhan said the chain was focused on advancing technology, enhancing equipment, and streamlining operations.

China pulls down Starbucks earnings

by Cherryh Cansler — Editor, FastCasual.com

February 3, 2023

Although Starbucks reported Thursday that Q1 same-store sales grew in the U.S. by 10%, China's lower-than-expected performance left the coffee giant 2 cents…

Pumpkin spice, iced drinks drive Starbucks Q4 sales

by Cherryh Cansler — Editor, FastCasual.com

Cold coffee beverages accounted for nearly 80% of total beverage sales in U.S company-operated stores, and the pumpkin spice platform was up 17%.

Starbucks buzzed about Q3 earnings, despite loss in China

by Cherryh Cansler — Editor, FastCasual.com

August 3, 2022

Inflation, increased labor costs, unionization efforts and a hit to the Chinese arm of the business did not keep Starbucks from beating Wall Street…

Starbucks' Q1 miss triggering price increases

by Cherryh Cansler — Editor, FastCasual.com

February 2, 2022

Starbucks is raising prices thanks to high inflation, supply chain issues, COVID-19 resurgences and labor shortages, CEO Kevin Johnson said Tuesday during the…

Starbucks: 'Pandemic to blame for disappointing China sales'

by Cherryh Cansler — Editor, FastCasual.com

Starbucks reported Thursday that Q4 revenue fell short of expectations, thanks to a 7% drop in same-store sales in China.

Cold drinks drive Starbucks global growth, CEO defends China

by Cherryh Cansler — Editor, FastCasual.com

Overall, Starbucks had a solid Q3, but Johnson defended the company's lower-than-expected numbers in China, calling the health of the business there strong.

Starbucks CEO: 'US sales have fully recovered'

by Cherryh Cansler — Editor, FastCasual.com

Starbucks CEO Kevin Johnson not only outlined the five consumer behaviors driving the chain's strategy but also revealed how artificial intelligence and store…

Starbucks on slow path to recovery, COO stepping down

by Cherryh Cansler — Editor, FastCasual.com

Although sales fell short of Wall Street's expectations, Q1 earnings of 61 cents per share topped estimates of 55 cents per share but declined 22.8…

Starbucks boasting speedy recovery

by Cherryh Cansler — Editor, FastCasual.com

Despite reporting sales declines for Q4, Starbucks Corporation President and CEO Kevin Johnson said he was pleased with the chain's finish to the fiscal year…

Networld Media employees honor late founder Alan Fryrear

by Cherryh Cansler — Editor, FastCasual.com

Alan Earl Fryrear, co-founder and chairman of Networld Media Group, died at the age of 81 on June 10, 2020.

Will US government grant restaurants' request for $145 billion recovery fund?

by Cherryh Cansler — Editor, FastCasual.com

March 18, 2020

Predicting that COVID-19 — along with the social distancing measures put in place to contain the outbreak — would result in a loss of $225 billion in…