Why Starbucks (SBUX) Stock Is Trading Lower Today [Yahoo! Finance]
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: Yahoo! Finance
Its revenue and EPS unfortunately missed analysts' expectations as its same-store sales declined by 4% (driven by a 6% decline in volumes offset by a 2% increase in prices). Starbucks's demand in China was especially weak as its same-store sales fell 11%. Management highlighted its disappointment with the results and called out a challenging operating environment. Overall, this was a bad quarter for Starbucks. Following the results, Deutsche Bank analyst downgraded the stock's rating from Buy to Hold and lowered the price target from $108 to $89. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Starbucks? Access our full analysis report here, it's free What is the market telling us: Starbucks's shares are not very volatile than the market average and over the last year have had only 2 moves greater than 5%. Moves this big are very rare for Starbucks and that is indicating to us that this
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SBUX
News
- It's been a bad month for Starbucks. Ex-CEO Howard Schultz agrees [Yahoo! Finance]Yahoo! Finance
- Howard Schultz Was Right: Takeaways From The Starbucks Interview [Forbes]Forbes
- Grocery prices jumped 1.2% last month, as food inflation returns to pre-pandemic levels [Yahoo! Finance Canada]Yahoo! Finance Canada
- MoonFox Analysis | Grabbing the Market, Consumption Transformation under the Low Price Strategy [Yahoo! Finance]Yahoo! Finance
- FRESHREALM NAMES AMAZON VETERAN STACEY WALLACE AS CHIEF SUPPLY CHAIN OFFICER, FURTHER STRENGTHENING ITS END-TO-END PLATFORM [Yahoo! Finance]Yahoo! Finance
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