Starbucks CEO's Dilemma Unfolds With Stock Performance, Falling Sales [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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US:NASDAQ Investor Relations:
investor.starbucks.com/ir-home/default.aspx
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Source: Yahoo! Finance
The company saw a significant drop in shares, declining by as much as 18% after issuing guidance cuts and experiencing its first sales decline since late 2020 Second-quarter Comparable store sales declined 4% globally, driven by a 6% decline in comparable transactions. Efforts to revive Starbucks' fortunes include ramping up service efficiency, offering more discounts, introducing new products like a boba-inspired beverage, and expanding food offerings beyond peak hours, reported Bloomberg The company acknowledged the need for improvement in app service and product availability after experiencing user frustration and supply chain challenges. Also Read Starbucks Presents A ‘Bitter Bean To Swallow': Analysts Cut Forecasts After FQ2 Results However, Starbucks anticipates a prolonged recovery process, as reflected in its lowered full-year revenue growth forecast and the possibility of flat adjusted earnings per share. Analysts expressed skepticism about the company's ability
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SBUX
News
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form 4
- SBUX's page on the SEC website