Walmart Is Next Test for Traders Fretting About Consumer Stocks [BNN Bloomberg (Canada)]
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: BNN Bloomberg
Starbucks Corp., McDonald's Corp. and Amazon.com Inc. reported results last week that sent some alarming signals around demand from their customers. The announcements fueled doubts around how consumers are holding up as the Federal Reserve signals plans to keep interest rates high for months to come to tame sticky inflation. Against a backdrop of slowing job growth and slumping consumer confidence, investors will now turn their focus to the earnings of retailing giants like Walmart Inc. and Target Corp. to gauge shoppers' spending habits. Both companies report over the next couple weeks, with the potential to sway expectations for economic growth and retail shares, which are trailing the broader market in 2024. “The big takeaway from this earnings season is that many of the companies are now getting more cautionary on the future quarters, and the growth prospects and the outlook for their businesses.” said Michael Arone, chief investment strategist at State Street Global Advisors
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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