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Stockreport

Starbucks doesn't want to be on every street in New York and Los Angeles anymore [CNN]

Starbucks Corporation (SBUX)  More Company Research Source: CNN
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Its expansion once seemed limitless. It was even a joke. In 1998, an Onion headline read “New Starbucks Opens In Rest Room Of Existing Starbucks.” A few years later, comedian Lewis Black riffed that he'd gone to the “end of the universe” in Houston, where he saw one Starbucks directly across the street from another. But Starbucks is now struggling , and its strategy of saturating urban areas to draw coffee drinkers on their way to work in the morning has backfired amid competition, the rise of remote work and rising costs. So CEO Brian Niccol, hired last year from Chipotle to revive Starbucks, no longer wants its stores to be right next to each other. Starbucks is closing roughly 400 stores nationwide that are concentrated in large metro areas as part of its $1 billion restructuring plan. Starbucks closed 42 locations in New York, or 12% of its total in the city. It recently lost its top spot as the largest chain in Manhattan to Dunkin', according to Center for an Urban Future, [Read more]
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Stockreport

Starbucks doesn't want to be on every street in New York and Los Angeles anymore [CNN]

Starbucks Corporation  (SBUX) 
More Company Research Source: CNN
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Its expansion once seemed limitless. It was even a joke. In 1998, an Onion headline read “New Starbucks Opens In Rest Room Of Existing Starbucks.” A few years later, comedian Lewis Black riffed that he'd gone to the “end of the universe” in Houston, where he saw one Starbucks directly across the street from another. But Starbucks is now struggling , and its strategy of saturating urban areas to draw coffee drinkers on their way to work in the morning has backfired amid competition, the rise of remote work and rising costs. So CEO Brian Niccol, hired last year from Chipotle to revive Starbucks, no longer wants its stores to be right next to each other. Starbucks is closing roughly 400 stores nationwide that are concentrated in large metro areas as part of its $1 billion restructuring plan. Starbucks closed 42 locations in New York, or 12% of its total in the city. It recently lost its top spot as the largest chain in Manhattan to Dunkin', according to Center for an Urban Future, [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS