Starbucks sales are slumping. Is it a bellwether for the economy? [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
“The brand is incredibly resilient, but it's clearly not business as usual,” former CEO Howard Schultz said in a post on LinkedIn on Sunday. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation's economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks? The explanation involves a little of of both, analysts told ABC News. The experts described consumers fatigued by a years-long bout of inflation alongside high borrowing costs . In addition, they added, Starbucks has struggled to adapt to a post-pandemic economy, and also faces backlash over controversy tied to its alleged corporate stance regarding the Israel-Hamas war. MORE: Campus protesters are demanding universities divest from Israel. Here's what that means. “Consumers have less demand for expensive coffee,” Albert Wang, a professor of
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News
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- Business leaders pressed NYC Mayor Adams to disperse Columbia protesters: report [FOX Business Network]FOX Business Network
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