Down 22% YTD, What Lies Ahead For Starbucks' Stock? [Forbes]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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investor.starbucks.com/ir-home/default.aspx
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Source: Forbes
The world's largest coffeehouse chain, the American multinational chain of coffeehouses and roastery reserves was founded in 1971 and has its headquarters in Seattle. (Photo by Matt Cardy/Getty Images) [Note: Starbucks ' fiscal year 2023 ended October 1] After a 22% decline so far this year, at the current price of around $75 per share, we believe (NASDAQ : SBUX), the world's leading roaster, marketer, and retailer of specialty coffee worldwide, could see modest gains in the longer term. SBUX stock has declined from around $93 to $75 YTD, largely underperforming the broader indices, with the S&P growing about 6% over the same period. SBUX's stock declines can be attributed to investors' concern about a sharp decline in same-store sales and a significant miss on earnings per share and net revenue expectations. Starbucks reported fiscal Q2 2024 adjusted EPS of $0.68, well below the consensus of $0.80 (down 7% year-over-year (y-o-y)), primarily due to weak net revenue of just $8.6 bi
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 5/17/24 - Form 4
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- SBUX's page on the SEC website