Today’s news in brief – 02/05/24

Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during Q2. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the International segment declined 5% in Q2 FY24, primarily driven by an unfavourable impact from foreign currency translation and a 6% decline in comparable store sales. 

Domino’s Q1 was in line with expectations, despite experiencing a “slow” January. While like-for-like sales are down 0.5% on the same period last year, Domino’s Q1 like-for-like sales increased 8.4% on a two-year basis. The group also expects to benefit from the Men’s Euro football tournament.

Rarebreed Dining has appointed Savills to assist with a strategic review of the business and its property assets as it gears up to consider options. The steak focussed pub company currently operates from The Plough Inn, Cobham (leasehold), The Shurlock Inn, Twyford (freehold) and The Waverley Inn, Weybridge (freehold). 

Two Michelin-starred Ikoyi launched its first takeaway menu with Uber Eats. The menu is priced at £60 for all five courses and will feature Ikoyi’s original Jollof Rice. Furthermore, the offering comes with a  drinks pairing as an additional extra featuring two cocktails.