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Starbucks Forecasts Over $2bn Drop In Quarterly Income As COVID-19 Hits

Starbucks Corp said it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as near...

Mondelēz Results Beat On Higher Snack Demand, But Toblerone Maker Pulls 2020 Forecast

Mondelēz International Inc beat Wall Street estimates for quarterly results, driven by a strong demand in North America, even as the Toblerone chocolate ma...

PepsiCo's Quarterly Profit Beats As Advertising Push Pays Off

PepsiCo Inc beat quarterly revenue and profit estimates on Thursday, as ramped up advertising and new low calorie versions of Gatorade boosted demand for i...

Campari Cautious After Fourth Quarter Takes Gloss Off 2018

Emerging markets weakness and higher prices for tequila ingredient agave put a brake on Campari's sales towards the end of an otherwise strong year for the...

Constellation Cuts Profit Outlook As Pot Investment Weighs And Shares Tumble

Corona-maker Constellation Brands Inc cut its 2019 profit outlook on Wednesday on the back of weak wine and spirits sales and costs related to its investme...