Core Insights - Coca-Cola reported a 1% decline in net revenues to $11.9 billion for the third quarter, which was better than analysts' expectations of $11.65 billion [2] - Earnings per share decreased by 7% to $0.66, falling short of the analyst consensus of $0.74 [2] - The company experienced an 11% increase in sales of Coca-Cola Zero Sugar, contributing to the better-than-expected revenue performance [2] Revenue Performance - The revenue decline was attributed to a 2% decrease in concentrate sales, despite a 10% increase in price/mix [2] - Coca-Cola's CEO highlighted the company's resilience in a challenging external environment and expressed optimism about long-term growth opportunities [2] Market Trends - The company noted potential growth in the non-carbonated drink market, supported by its sponsorship of the 2024 Paris Olympics [2][3] - Strong international sales have previously helped offset weaker consumer demand in the US, although unit case volume declined in Europe, the Middle East & Africa, and Asia Pacific during the third quarter [4] Consumer Behavior - Investors are keen to understand consumer spending behavior as the year-end approaches, with US consumers reportedly facing challenges from accumulated price increases due to global inflation [4] - Retailers, including Costco and Walmart, have been reducing prices amid cautious consumer spending patterns [5] Competitive Landscape - Coca-Cola's rival PepsiCo has also reported weaker-than-expected sales for two consecutive quarters and has lowered its full-year organic sales outlook [5]

Boeing reported a third-quarter loss of $6.1 billion on Wednesday.Its newly-installed CEO Kelly Ortberg said it will "take time to return Boeing to its former legacy."Union members, who have been on strike for 40 days, will vote on a contract offer later in the day. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a perso ...

Philip Morris International stock surged 10% after strong Q3 revenue and profit guidance.Zyn nicotine pouch sales grew 41% in the US in the third quarter.Zyn continues to be a hit with young professionals and those looking to lose weight. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...

McDonald's Quarter Pounder has been linked to a deadly E. coli outbreak across 10 states.The fast-food chain overhauled its famous burger in 2018 — then reported a surge in sales.Now, McDonald's says it's temporarily removing the Quarter Pounder from its menus. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personaliz ...

Tesla delayed the Cybertruck range extender and reduced its range estimate by 25 miles.Initially advertised with up to 500 miles of range, the production Cybertruck arrived with significantly less.Tesla's solution was the range extender, which sits in the truck bed and costs $16,000. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite ...

Core Insights - Starbucks pre-released its fourth-quarter and annual earnings, revealing a decline in sales in key markets, particularly the US and China, indicating challenges for the new CEO Brian Niccol [1][2] Financial Performance - Comparable sales fell 7% for the fourth quarter, with a 6% decline in US stores and a 14% drop in China; global sales decreased by 2% for the fiscal full year [2] - The company suspended its guidance for the 2025 fiscal year due to the CEO transition and current business conditions [2] Strategic Plans - The company aims to assess its business and solidify key strategies for long-term growth, as stated in a press release [3] - A dividend increase from $0.57 to $0.61 was announced to boost confidence in the business during the turnaround process [3] - CEO Brian Niccol acknowledged that Starbucks has "drifted from our core," leading to decreased customer visits, and emphasized the need to reintroduce the brand [3][4] Future Outlook - Niccol plans to share more about his turnaround strategy on a call scheduled for October 30, which was the original date for the earnings release [4]

Disney's Strategic Shift in Subscription Services - Disney is no longer allowing new customers to sign up for Hulu or Disney+ via Apple's App Store, directing them to Disney's own site instead [1][2] - Existing customers who subscribed through Apple can continue their payments via the App Store [2] - The move is driven by Disney's desire to avoid Apple's 15% fee on monthly subscription revenues generated through the App Store [2] Disney's Rationale and CEO's Perspective - Disney CEO Bob Iger emphasized the need to reevaluate distribution strategies, citing the costs associated with third-party app stores like Apple's [2] - Iger highlighted that unlike Netflix, Disney relies heavily on third-party app stores for distribution, which comes with significant financial implications [2] - The decision mirrors Netflix's 2018 move to bypass Apple's App Store for subscription sign-ups, indicating a broader industry trend [2] Historical Context of Disney-Apple Relationship - Disney and Apple have a long-standing partnership, dating back to 2005 when Disney allowed Apple to sell individual episodes of Disney-owned shows through iTunes [3] - The relationship deepened in 2006 when Disney acquired Pixar for $7.4 billion, making Apple cofounder Steve Jobs Disney's largest shareholder [3] - Despite the current rift, the two companies continue to collaborate on projects, such as Disney's involvement in Apple's Vision Pro headset [3] Industry Implications - The move reflects a growing trend among content providers to reduce reliance on third-party app stores to retain a larger share of subscription revenues [2] - The decision underscores the tension between content creators and platform providers over revenue-sharing models [2]

General Motors reported third-quarter earnings that topped estimates.GM's profits were driven by strong SUV sales, EV growth, cost reductions, and improved China sales.GM's EVs hold a 9.8% share of the US EV market, behind only Tesla. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the ...

Disney said Monday it would name a new CEO in early 2026 and named James Gorman as board chairman.Bob Iger's previous succession plan failed, leading to his return as CEO in 2022.Some close to Disney are wondering how his next exit will be handled. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while ...

Activist hedge fund Starboard has taken a stake in drug giant Pfizer.Starboard execs met with company officials last week to outline their complaints.See highlights from the 74-page slideshow Starboard presented to Pfizer at the meeting. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on ...