Starbucks Posts First Sales Drop Since 2020 During Global Pullback [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
(Bloomberg) -- Starbucks Corp. posted its first sales decline in more than three years, as customers cut their spending despite half-off deals and new drinks on its menu. Most Read from Bloomberg HSBC CEO Quinn Unexpectedly Steps Down After Almost 5 Years Binance and CZ's Fortunes Are Set to Grow, Even in Jail Tesla Soars on Tentative China Approval for Driving System S&P 500 Falls 1% at End of Worst Month in 2024: Markets Wrap Stocks Trade for 390 Minutes a Day. Increasingly, Only 10 Matter Shares fell 8.5% at 4:14 p.m. in postmarket trading in New York. The company's stock had declined 7.8% this year through Tuesday's close, while a restaurant index had risen less than 1%. The weakness was driven by a 4% decline in same-store sales — a core metric for growth. Analysts on average expected a 1.5% gain. Starbucks' performance reflects the impact of cold weather in January, a more cautious consumer environment around the world and the conflict in the Middle East, Chief
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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