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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.
Tim Hortons Inc.
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restaurant brands misses third quarter expectations as sales decline across chains
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Popeyes Louisiana Kitchen Inc.
Burger King Corporation Corporation
Firehouse Subs
Restaurant Brands International Inc.
Tim Hortons Inc.
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CAN
ESP
Tim Hortons
Josh Kobza
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12:46 05.11.2024
starbucks faces fierce competition in rapidly evolving chinese coffee market
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Luckin Coffee Inc.
Tim Hortons Inc.
KFC 14 Portfolio Propco LLC
Costa Coffee Ltd.
Starbucks Corporation
McDonald's Corporation
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Brian Niccol
Andrew Ross Sorkin
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12:29 01.11.2024
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