Restaurant Brands International reported third-quarter earnings and revenue that fell short of expectations, with same-store sales growth of just 0.3%. Burger King, Firehouse Subs, and Popeyes experienced declines in their home markets, while Tim Hortons was the only brand to show growth. The company has adjusted its full-year sales growth outlook to 5% to 5.5%, down from 5.5% to 6%.
Starbucks faces intense competition in China, where local chains like Luckin Coffee and Cotti Coffee are rapidly expanding and undercutting prices. Despite a 14% drop in same-store sales, Starbucks remains a popular social hub, known for its inviting atmosphere and consistent quality, even as it navigates a challenging market landscape.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
