Why did McDonald's miss its profit estimates – and can other brands learn? [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
CEO Chris Kempczinski cited “consumer pressures” and “a difficult macro environment for the industry” as the reasons behind the challenges during a post-earnings call last week. However, the company has also faced public backlash for its perceived Israeli sympathies and has become the target of major boycotts, particularly by customers in the Middle East. The first quarter of 2024 also saw McDonald's global comparable sales growth slide again to 1.9%, making it the fourth consecutive quarter in which the company has seen a decline in growth. At the end of Q1 2024, McDonald's adjusted per-share profit was $2.70, below an estimated $2.72. McDonald's boycotts and the Middle East GlobalData analyst Hannah Cleland comments: “McDonald's disappointing Q1 is a culmination of contemporary macroeconomic pressures. Firstly, the geopolitical Middle East situation has caused supply chain disruption from war and ensuing inflation, but most significantly has resulted in a boycott by many
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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