Starbucks CFO says there are no plans to lower prices, but Wall Street is skeptical of its 2024 plans [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
nearly 16% on Wednesday after reporting Q2 results that were hard to swallow. The company missed on all metrics (revenue, earnings, and same-store sales), with foot traffic declining across the globe. Now, it aims to regain customers with various tactics like value offerings, menu innovation, and speedier service, but Wall Street pros tell Yahoo Finance they're skeptical that the efforts will be enough to correct course. "I actually think they're going the wrong way ... the business should simplify and focus on the core," Jefferies analyst Andy Barish told Yahoo Finance over the phone. "They're going in way too many directions at once, when the business is deteriorating." Citi analyst Jon Tower struck a similar tone in a client note. Starbucks is "putting a lot of oars in the water to try and paddle its way back to shore," he wrote. "We are concerned ... this is ignoring the true leak in the bottom of the boat." Its CFO, Rachel Ruggeri, told Yahoo Finance the decline in revenu
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SBUX
News
- It's been a bad month for Starbucks. Ex-CEO Howard Schultz agrees [Yahoo! Finance]Yahoo! Finance
- Howard Schultz Was Right: Takeaways From The Starbucks Interview [Forbes]Forbes
- Grocery prices jumped 1.2% last month, as food inflation returns to pre-pandemic levels [Yahoo! Finance Canada]Yahoo! Finance Canada
- MoonFox Analysis | Grabbing the Market, Consumption Transformation under the Low Price Strategy [Yahoo! Finance]Yahoo! Finance
- FRESHREALM NAMES AMAZON VETERAN STACEY WALLACE AS CHIEF SUPPLY CHAIN OFFICER, FURTHER STRENGTHENING ITS END-TO-END PLATFORM [Yahoo! Finance]Yahoo! Finance
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