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Starbucks is navigating a tough business landscape as it works to revitalize its brand under CEO Brian Niccol. The global coffee chain has reported a decline in comparable sales for the second quarter of 2025, reflecting a 1% drop in global same-store sales and heightened challenges in its North American market. Niccol has implemented the “Back to Starbucks” strategy, focusing on reducing service times, enhancing customer experience, and...
Spotify has reported remarkable growth in the first quarter of 2025, with significant increases in both subscriber numbers and revenue. The number of premium subscribers reached 268 million, reflecting a 12% increase compared to the same period last year. Additionally, the streaming platform achieved substantial profit growth during the first three months of the year. Revenue for the quarter rose by 15%, amounting to €4.2 billion, supported by...
Nissan Motor Company is grappling with escalating financial losses, projecting a deficit of 750 billion yen (approximately 4.62 billion euros) for the fiscal year ending March. This figure represents a stark increase compared to the previously estimated loss of 80 billion yen. The automaker attributes this financial strain to intensified market competition and an aging lineup of vehicles, forcing the company to rely heavily on discounts to stimulate...
Nokia has reported disappointing financial results for the first quarter of 2025, falling short of market expectations. Comparable operating profit for the quarter was €156 million, significantly lower than the forecasted €243.83 million. The company also highlighted potential disruptions in the second quarter due to newly imposed U.S. tariffs, estimating a profit impact of €20-30 million. The results were further affected by a one-time charge of €120 million...
Unilever has kicked off 2025 with encouraging progress, reporting a 3% rise in underlying sales for the first quarter compared to the same period last year. Key brands, such as Dove, demonstrated strong performance, with sales climbing more than 8%. However, the company faced a slight dip in turnover, down 0.9% to €14.8 billion, influenced by net disposals and currency fluctuations. The first quarter update comes under the...
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