AT&T Beats Estimates, Starbucks Sales Grow, Kia Hit by Tariffs: Bloomberg Money Minute

AT&T's Fourth Quarter Performance

• 📈 AT&T reported fourth-quarter profit and revenue that beat analysts' estimates.
• 💡 This beat was significantly aided by the best broadband subscriber growth in a decade, with substantial additions to both fiber and internet air services.
• ⚠️ Despite strong broadband growth, the company missed Wall Street projections for new wireless subscribers.

Starbucks' Sales Momentum

• ☕ Starbucks announced that global sales at established locations rose 4% in the most recent quarter.
• ✅ This marks the second consecutive quarter of growth in this key sales metric.
• 🎯 The company provided its first full-year outlook under its new CEO, projecting established location sales to grow at least 3% in fiscal 2026.

Kia's Financial Impact from Tariffs

• 🚗 Kia reported that U.S. tariffs cost the company $2.3 billion last year.
• 💰 To counteract this and growing competition, the automaker plans to roll out incentives to boost sales.
• ⚡ Kia is also navigating an uncertain demand outlook due to a slowdown in electric vehicle sales in the U.S.