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Stockreport

Starbucks revises 2024 guidance, after badly missing its Q2 earnings estimates [Yahoo! Finance]

Starbucks Corporation (SBUX)  More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
For its Q2 earnings, the company missed expectations across the board, posting lower than expected revenue, earnings, and same store sales growth, as customers pulled back on the frequency of their visits and size of their orders. CEO Laxman Narasimhan called it a "a highly challenged environment." During the earnings call, he added that macro headwinds, "particularly around the pressures that consumers face, particularly with the occasional customer ... that's where the challenge is." This is Starbucks' first quarterly sales decline since 2020, when COVID shutdowns roiled the industry. Revenue for the second quarter dropped 2% year over year to $8.6 billion. Adjusted earnings per share also came in lower, down 8% to $0.68. Global same-store sales declined 4% from a year ago, as transactions dropped 6%, which was partially offset by a 2% increase in average ticket size. Shares of the coffee chain are down more than 12% in after hours trading. Starbucks attempted to lure [Read more]
IMPACT SNAPSHOT EVENT TIME: SBUX
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Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
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NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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 VOLUME RATIO
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TIME AND VELOCITY ANALYSIS
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Stockreport

Starbucks revises 2024 guidance, after badly missing its Q2 earnings estimates [Yahoo! Finance]

Starbucks Corporation  (SBUX) 
More Company Research Source: Yahoo! Finance
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
For its Q2 earnings, the company missed expectations across the board, posting lower than expected revenue, earnings, and same store sales growth, as customers pulled back on the frequency of their visits and size of their orders. CEO Laxman Narasimhan called it a "a highly challenged environment." During the earnings call, he added that macro headwinds, "particularly around the pressures that consumers face, particularly with the occasional customer ... that's where the challenge is." This is Starbucks' first quarterly sales decline since 2020, when COVID shutdowns roiled the industry. Revenue for the second quarter dropped 2% year over year to $8.6 billion. Adjusted earnings per share also came in lower, down 8% to $0.68. Global same-store sales declined 4% from a year ago, as transactions dropped 6%, which was partially offset by a 2% increase in average ticket size. Shares of the coffee chain are down more than 12% in after hours trading. Starbucks attempted to lure [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