Scooter’s Coffee to open another outlet on Highway 58 and more business news – Chattanooga Times Free Press


Scooter’s starts work on Highway 58 kiosk

Scooter’s Coffee, which opened its first location in Chattanooga off Shallowford Road early this year, has started work on its second site.

The company plans to open its next drive-thru kiosk at 4631 Highway 58, said Nikolay Timoshchuk Jr,. chief marketing officer for Chattanooga franchisee Coffee Roots TN.

Timoshchuk said Scooter’s newest site should open around July 4. It expects to hire from 15 to 20 workers, he said.

In all, 10 to 15 locations are planned in Hamilton County and North Georgia, he said.

Timoshchuk said business is «what you could hope for» at the Shallowford Road site and that’s one reason why the company is moving ahead with its next store.

Volkswagen, Delta, FedEx named to influential list

Time has named Volkswagen, FedEx and Delta Airlines to its inaugural «Time 100 Most Influential Companies» list highlighting the 100 companies making an extraordinary impact around the world.

The magazine cited Volkswagen for leading the automotive sector worldwide in committing to a global goal of a carbon-neutral business by 2050 and launching one of the world’s most aggressive rollouts of new electric vehicles.

Delta was the recognized as the sole major airline to leave middle seats open between all passengers for over a year. and rolling out free in-flight wi-fi as it aims to keep that goodwill as it begins seating full rows again in May.

FedEx, the only Tennessee company on the top 100 list by Time, earned accolades for record quarterly earnings during the pandemic lockdown by picking up slack from canceled flights and capitalizing on more online shipments.

Time solicited nominations from every sector ranging from health care and entertainment to transportation and technology from its editors and correspondents around the world as well as from industry experts to identify the top companies for influencing business.

Google ad sales surge 323% in first quarter

Google’s digital advertising network has shifted back into high gear, with its corporate parent reporting profit that more than doubled after an unprecedented reversal during the early stages of the pandemic.

The company’s ad sales surged 32% from the same time last year to nearly $45 billion during the January-March period. It’s the third consecutive quarter of accelerating ad growth for Google following an 8% decline during last year’s April-June period. That marked the first time Google’s quarterly ad revenue had fallen from the previous year since the company went public in 2004.

The resurgence enabled Google’s parent, Alphabet Inc., to easily surpass the analyst estimates that help set investor expectations. Alphabet earned $17.9 billion, or $26.29 per share, more than double what it reported the same time last year. The profit was inflated by an accounting change of $650 million, or 97 cents per share.

Total revenue, which also includes Google’s cloud-hosting service and device sales, climbed 34% from last year.

Microsoft profits up 38% in quarter

Microsoft’s profits soared during the first three months of 2021, thanks to ongoing demand for its software and cloud computing services during the pandemic.

The company on Tuesday reported fiscal third-quarter profit of $14.8 billion, up 38% from the same period last year.

«Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,» CEO Satya Nadella said in a statement.

Net income of $1.95 per share beat Wall Street expectations. Analysts were expecting Microsoft to earn $1.78 per share on revenue of $41 billion for the fiscal quarter ending in March, according to FactSet.

The software maker posted revenue of $41.7 billion in the January-March period, up 19% from last year.

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