Starbucks reported strong fiscal first quarter as holiday drinks and a viral bear cup helped drive sales. Same-store sales – or sales at locations open at least a year – rose 4% for the October-December period. That was higher than the 2.3% that Wall Street was expecting, according to analysts polled by FactSet. Same-store sales in the U.S. were also up 4%, with a 3% increase in transactions and a 1% increase in spending per visit. That was the best U.S. performance for the company in two years. Shares ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. In a filing with the Securities and Exchange Commission this week, Wendy’s provided an update on its search to select a permanent chief executive officer after two years of changes at the top.  Kirk Tanner took over the role in early 2024 following the departure of Todd Penegor, who led the company from 2016 through 2024 and is now CEO of Papa Johns. Tanner stepped down less than a year and a half later to take on t ...