{"id":53611,"date":"2025-09-25T07:08:27","date_gmt":"2025-09-25T11:08:27","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/"},"modified":"2025-09-25T07:08:27","modified_gmt":"2025-09-25T11:08:27","slug":"corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/","title":{"rendered":"Corporate Shifts and Mixed Earnings: Starbucks Restructures, BlackBerry Surprises, CarMax Disappoints"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#Starbucks_Initiates_Major_Restructuring\" >Starbucks Initiates Major Restructuring<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#BlackBerry_Delivers_Strong_Q2_Performance\" >BlackBerry Delivers Strong Q2 Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#CarMax_Falls_Short_on_Q2_Earnings_and_Sales\" >CarMax Falls Short on Q2 Earnings and Sales<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#Accenture_Beats_Estimates_Driven_by_AI_Bookings\" >Accenture Beats Estimates, Driven by AI Bookings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#Russia_Extends_Fuel_Export_Bans\" >Russia Extends Fuel Export Bans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/corporate-shifts-and-mixed-earnings-starbucks-restructures-blackberry-surprises-carmax-disappoints\/53611\/#Other_Market_Moving_News\" >Other Market Moving News<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Starbucks (<a href=\"\/stock\/SBUX\">SBUX<\/a>)<\/strong> announced a significant restructuring plan, including the <strong>elimination of 900 non-retail roles<\/strong> and an estimated <strong>$1 billion in related costs<\/strong>, alongside plans for coffeehouse closures.<\/li>\n<li><strong>BlackBerry (<a href=\"\/stock\/BB\">BB<\/a>)<\/strong> exceeded expectations in its second quarter, reporting <strong>adjusted EBITDA of $25.9 million<\/strong> against an estimated $12.2 million, and achieving <strong>positive free cash flow of $2.6 million<\/strong> compared to a negative $15 million year-over-year.<\/li>\n<li><strong>CarMax (<a href=\"\/stock\/KMX\">KMX<\/a>)<\/strong> reported a disappointing Q2 2025, with <strong>EPS of 64 cents<\/strong> significantly missing the $1.03 estimate and <strong>used vehicle sales of $5.27 billion<\/strong> falling short of the $5.69 billion projection.<\/li>\n<li><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>)<\/strong> surpassed Q4 2025 adjusted EPS estimates and provided a solid outlook for 2026, highlighted by <strong>$1.8 billion in new generative AI bookings<\/strong>.<\/li>\n<li>Russia is set to <strong>extend its gasoline export ban until year-end<\/strong> and will <strong>ban diesel exports by traders<\/strong>, signaling continued disruption in global energy markets.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Starbucks_Initiates_Major_Restructuring\"><\/span>Starbucks Initiates Major Restructuring<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Starbucks (<a href=\"\/stock\/SBUX\">SBUX<\/a>)<\/strong> is embarking on a significant restructuring effort, which includes the <strong>elimination of 900 current non-retail partner roles<\/strong>. The coffee giant estimates it will incur approximately <strong>$1 billion in restructuring costs<\/strong> as part of this initiative. This move is aimed at <em>reducing non-retail headcount and overall expenses<\/em>.<\/p>\n<p>The company has also <strong>approved a plan involving the closure of coffeehouses<\/strong>, according to an SEC filing that confirmed the <strong>$1 billion in restructuring costs<\/strong>. <em>These strategic changes underscore a broader effort to streamline operations and improve efficiency across its global footprint.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"BlackBerry_Delivers_Strong_Q2_Performance\"><\/span>BlackBerry Delivers Strong Q2 Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>BlackBerry (<a href=\"\/stock\/BB\">BB<\/a>)<\/strong> reported a stronger-than-expected second quarter, with <strong>adjusted EBITDA reaching $25.9 million<\/strong>, significantly surpassing the estimated $12.2 million. The company also achieved <strong>positive free cash flow of $2.6 million<\/strong>, a notable improvement compared to a negative $15 million in the prior year. <em>This performance indicates a positive shift in the company&#39;s financial health and operational efficiency.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CarMax_Falls_Short_on_Q2_Earnings_and_Sales\"><\/span>CarMax Falls Short on Q2 Earnings and Sales<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>CarMax (<a href=\"\/stock\/KMX\">KMX<\/a>)<\/strong> delivered a disappointing Q2 2025 earnings report, with <strong>earnings per share (EPS) of 64 cents<\/strong>, falling well below the analyst estimate of $1.03. The used vehicle retailer also reported <strong>used vehicle sales of $5.27 billion<\/strong>, missing the $5.69 billion estimate. <em>These results suggest ongoing challenges in the used car market impacting sales volume and profitability.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Accenture_Beats_Estimates_Driven_by_AI_Bookings\"><\/span>Accenture Beats Estimates, Driven by AI Bookings<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>)<\/strong> announced strong Q4 2025 earnings, with <strong>adjusted EPS of $3.03<\/strong>, slightly exceeding the $3.00 estimate. The consulting firm provided a positive outlook for 2026, projecting <strong>adjusted EPS between $13.52 and $13.90<\/strong>, aligning with or slightly above the $13.83 estimate. Q1 revenue guidance is set between <strong>$18.1 billion and $18.75 billion<\/strong>, consistent with expectations. <em>A key highlight was the <strong>$1.8 billion in new generative AI bookings<\/strong> for the quarter, signaling strong demand in this emerging technology sector.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Russia_Extends_Fuel_Export_Bans\"><\/span>Russia Extends Fuel Export Bans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Russia&#39;s Deputy Prime Minister <strong>Alexander Novak<\/strong> announced that Russia plans to <strong>extend its gasoline exports ban until the year-end<\/strong>. Additionally, the country will <strong>ban diesel exports by traders<\/strong>. <em>These measures are expected to further impact global energy markets, potentially leading to increased volatility and supply concerns for refined petroleum products.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Market_Moving_News\"><\/span>Other Market Moving News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In other developments, <strong>Ryanair&#39;s CEO<\/strong> stated that there has been <strong>no response from Ukrainian airports<\/strong> regarding requests for larger discounts to support post-war growth. Meanwhile, <strong>IAEA Leader Grossi<\/strong> expressed that the <strong>&quot;situation at Zaporizhzhia Nuclear Plant is concerning,&quot;<\/strong> highlighting ongoing geopolitical and safety concerns. <strong>Blue Owl<\/strong> and the <strong>Qatar Investment Authority<\/strong> have formed a significant <strong>$3 billion data center partnership<\/strong>, indicating substantial investment in digital infrastructure. <strong>Rheinmetall&#39;s CEO<\/strong> projected a robust future, stating that their <strong>order books could grow to up to \u20ac130 billion<\/strong>, reflecting strong demand in the defense sector. Lastly, market commentary suggested that the <em><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> is not to be considered the new risk-free rate<\/em>, a reminder of inherent market volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Starbucks (SBUX) announced a significant restructuring plan, including the elimination of 900 non-retail roles and an estimated $1 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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