Whirlpool Bets Starbucks Drinkers Will Buy a $2,000 Espresso Maker [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Huawei's New Phone Runs Latest Version of Made-in-China Chip Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading The company launched new KitchenAid automatic espresso makers this month in the US that cost as much as $2,000. The goal is to hook Starbucks Corp. customers who are used to shelling out $5 for fancy coffee drinks and now find themselves working from home more often. It's a high-stakes gamble for Whirlpool as US economic growth slows and inflationary pressures persist. While small domestic appliances are still selling, the high-end discretionary category is a weak one in a cautious consumer environment, said Bloomberg Intelligence analyst Drew Reading. “It doesn't really get more discretionary than a $2,000 espresso maker,” he said. Whir
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News
- Down 22% YTD, What Lies Ahead For Starbucks' Stock? [Forbes]Forbes
- Bear of the Day: Starbucks (SBUX) [Yahoo! Finance]Yahoo! Finance
- Starbucks Stock Just Plunged Following Its Fiscal Q2 Earnings. Time to Buy the Dip? [Yahoo! Finance]Yahoo! Finance
- Portillo's (PTLO) To Report Earnings Tomorrow: Here Is What To Expect [Yahoo! Finance]Yahoo! Finance
- Starbucks ex-CEO Howard Schultz says chain needs a major fix after biggest sales miss in years: ‘There must be contrition' [Fortune]Fortune
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