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Pumpkin spice helps Starbucks posts record sales, but growth may moderate in coming year

Published Fri, 01 Nov 2024 11:33:23 GMT

Customers fell for Starbucks’ fall menu in the fiscal fourth quarter, with Pumpkin Spice Lattes and apple croissants helping the company achieve record revenue.But the company said Thursday that growth could moderate in the coming year as it faces economic uncertainty around the world.Revenue for the July-September period rose 11% to $9.4 billion. That surpassed Wall Street’s expectation of $9.3 billion, according to analysts polled by FactSet.For the full fiscal year, Starbucks’ revenue rose 11.6% to $35.9 billion. The company said it expects revenue growth at the low end of a 10% to 12% range for the upcoming fiscal year.Starbucks CEO Laxman Narasimhan said the company saw record-breaking weekly sales after the launch of the Pumpkin Spice Latte in late August. The drink, which is Starbucks’ most popular seasonal beverage, turned 20 this year.Starbucks said its global same-store sales – or sales at stores open at least a year — rose 8%, surpassing analyst fo...

Schneider National: Q3 Earnings Snapshot

Published Fri, 01 Nov 2024 11:33:23 GMT

GREEN BAY, Wis. (AP) — GREEN BAY, Wis. (AP) — Schneider National Inc. (SNDR) on Thursday reported third-quarter profit of $35.6 million.On a per-share basis, the Green Bay, Wisconsin-based company said it had net income of 20 cents.The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.The trucking company posted revenue of $1.35 billion in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.4 billion.Schneider National expects full-year earnings in the range of $1.40 to $1.45 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNDR at https://www.zacks.com/ap/SNDRSource

Saga: Q3 Earnings Snapshot

Published Fri, 01 Nov 2024 11:33:23 GMT

GROSSE POINTE FARMS, Mich. (AP) — GROSSE POINTE FARMS, Mich. (AP) — Saga Communications Inc. (SGA) on Thursday reported profit of $2.7 million in its third quarter.On a per-share basis, the Grosse Pointe Farms, Michigan-based company said it had profit of 45 cents.The broadcasting company posted revenue of $29.1 million in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SGA at https://www.zacks.com/ap/SGASource

High-powered offenses featuring elite QBs clash when No. 5 Washington heads to No. 24 USC

Published Fri, 01 Nov 2024 11:33:23 GMT

BOULDER, Colo. (AP) — Things to watch in the Pac-12 Conference this week:GAME OF THE WEEKNo. 5 Washington (8-0, 5-0 Pac-12, No. 5 CFP) at No. 24 Southern California (7-2, 5-1, No. 20 CFP), Saturday, 7:30 p.m. ET (ABC)These are two of the higher-scoring teams in the nation with both boasting an elite QB. When all the points are scored — and there figures to be a lot of them — and all the TD passes are thrown between Michael Penix Jr. and Caleb Williams — again, a lot — the winner will have the inside track to a spot in the Pac-12 championship game. The Huskies travel to the Coliseum for the first time since 2015. They face a Trojans team that’s 16-0 under the combination of coach Lincoln Riley and Williams against unranked teams but 2-5 against teams in the AP poll, according to league research. The Huskies have won 15 straight games dating to last season.BEST MATCHUPNo. 20 UCLA (6-2, 3-2, No. 19 CFP) at Arizona (5-3, 3-2), Saturday, 10:30 p.m. ET (FS1)The Wildcats are receivin...

Dolphins’ WR Tyreek Hill named AFC Offensive Player of the Month

Published Fri, 01 Nov 2024 11:33:23 GMT

Miami Dolphins wide receiver Tyreek Hill has been named AFC Offensive Player of the Month for his standout performance in October, the NFL announced Thursday. Hill’s achievement marks a historic milestone for the Dolphins, as he becomes the first non-quarterback in franchise history to win the AFC Offensive Player of the Month award, the Miami Dolphins said in a news release. In September, quarterback Tua Tagovailoa secured the same accolade, becoming the first Dolphins player in 30 years to do so. This marks the first time in the team’s history that they have won back-to-back AFC Offensive Player of the Month awards.In October, Hill led the AFC with 602 receiving yards, surpassing any other AFC player by 114 yards. His 16.7 yards per reception during the month were the highest among AFC players with at least 20 receptions, while his four receiving touchdowns tied for third in the conference.Hill converted 66.7% of his 36 receptions into first downs. He recorded three 10...

Disney to acquire remaining stake in Hulu for expected $8.6 billion

Published Fri, 01 Nov 2024 11:33:23 GMT

(CNN) — Disney will acquire Comcast’s one-third stake in Hulu for an expected $8.61 billion, the company said Wednesday, in a deal that will put the streaming service entirely inside the Magic Kingdom when the transaction closes later this year.“The acquisition of Comcast’s stake in Hulu at fair market value will further Disney’s streaming objectives,” the company said in a short statement.Wednesday’s deal brings to an end long-running speculation about the fate of Hulu, but still requires an appraisal process that is expected to be completed in 2024 to further assess the streaming service’s fair value before a final sale price tag is agreed upon.“We look forward to the appraisal process and the determination of Hulu’s fair market value which we expect will reflect the extraordinary value of the business,” Comcast said in a statement.Disney’s bid to acquire the remaining shares in the platform began in 2019 under an agreement between the two companies that gave Hulu a value of at le...

Florida family at their wits’ end as bears persistently invade home

Published Fri, 01 Nov 2024 11:33:23 GMT

LEESBURG, Fla. (WSVN) — A Lee County family’s peaceful nights have turned into a nightmare as relentless bear break-ins continue, leaving a mother feeling unsafe in her own home. For four long years, Teana Sayers and her family have been tormented by these brazen predators, despite their best efforts to thwart them. “These bears have come every other night, basically,” she said. Sayers, a mother of four, resides on a serene street near Orlando, but lately, tranquility has been elusive due to the constant presence of three bold bears who have repeatedly invaded her home. “There’s times when my husband leaves for work early in the morning and it’s dark out and there’s a bear on the other side of my side door over here and he can’t leave because he’s trapped by this bear,” explained Sayers. The marauding bears have been spotted rummaging through trash cans and attempting to access the family’s residence. Their auda...

Medway family trapped in Gaza for weeks after war broke out crosses safely into Egypt

Published Fri, 01 Nov 2024 11:33:23 GMT

A family from Medway that had been trapped in Gaza for weeks when war broke out between Israel and Hamas has safely cross into Egypt, according to a source.A friend of the Okal family told 7NEWS that Abood Okal, Wafaa Abuzayda, and their one-year-old son Yousef, made it through the Rafah Crossing around 5:30 a.m. EST Thursday morning.The family had been visiting relatives when Hamas attacked southern Israel on Oct. 7, leaving them stranded in the area with limited power, food and water.At one point, they had been staying in a single-family house with 40 other people including 10 Americans.“The Okal Family expresses its deepest gratitude to their family and friends around the world, the Medway community, the media for sharing their plight and the plight of the hundreds of other Americans trapped in Gaza, their elected officials who fought hard for their return, and the State Department for providing them with safe departure,” a statement from an attorney representing the ...

Listen to the last new Beatles’ song with John, Paul, George, Ringo and AI tech: ‘Now and Then’

Published Fri, 01 Nov 2024 11:33:23 GMT

LOS ANGELES (AP) — The final Beatles recording is here.Titled “Now and Then,” the almost impossible-to-believe track is four minutes and eight seconds of the first and only original Beatles recording of the 21st century. There’s a countdown, then acoustic guitar strumming and piano bleed into the unmistakable vocal tone of John Lennon in the song’s introduction: “I know it’s true / It’s all because of you / And if I make it through / It’s all because of you.”More than four decades since Lennon’s murder and two since George Harrison’s death, the very last Beatles song has been released as a double A-side single with “Love Me Do,” the band’s 1962 debut single.“Now and Then” comes from the same batch of unreleased demos written by Lennon in the 1970s, which were given to his former bandmates by Yoko Ono. They used the tape to construct the songs “Free As a Bird” and “Real Love,” released in the mid-1990s. But there were technical limita...

Driver killed in New Bedford after vehicle hits guardrail, goes airborne off Route 140

Published Fri, 01 Nov 2024 11:33:23 GMT

Authorities say the driver of a pickup truck was killed after their vehicle struck a guardrail and went airborne in New Bedford early Thursday morning.Massachusetts State Police said troopers came across the crash around 4:15 a.m. after they were called to Route 140 North at Braley Road.According to a preliminary investigation, authorities believe the driver of a 2006 Ford F150 pickup truck had been traveling near Exit 7 when the vehicle struck a guardrail at a high rate of speed.State police said the vehicle then went airborne and that the driver, who was believed to not have their seatbelt on, was ejected.An MSP spokesperson said the victim was declared dead at the scene, and that the exit off-ramp remained closed until 7 a.m. as emergency crews responded and investigated the crash.No additional details were provided.