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Starbucks sales are slumping. Is it a bellwether for the economy? [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
“The brand is incredibly resilient, but it's clearly not business as usual,” former CEO Howard Schultz said in a post on LinkedIn on Sunday. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation's economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks? The explanation involves a little of of both, analysts told ABC News. The experts described consumers fatigued by a years-long bout of inflation alongside high borrowing costs . In addition, they added, Starbucks has struggled to adapt to a post-pandemic economy, and also faces backlash over controversy tied to its alleged corporate stance regarding the Israel-Hamas war. MORE: Campus protesters are demanding universities divest from Israel. Here's what that means. “Consumers have less demand for expensive coffee,” Albert Wang, a professor of [Read more]
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Stockreport

Starbucks sales are slumping. Is it a bellwether for the economy? [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
“The brand is incredibly resilient, but it's clearly not business as usual,” former CEO Howard Schultz said in a post on LinkedIn on Sunday. The coffee giant is viewed by many analysts as a bellwether for consumer spending, which accounts for nearly three-quarters of the nation's economic activity. The company's latest struggles, in turn, raise a question: Is the engine of the U.S. economy faltering, or is something wrong at Starbucks? The explanation involves a little of of both, analysts told ABC News. The experts described consumers fatigued by a years-long bout of inflation alongside high borrowing costs . In addition, they added, Starbucks has struggled to adapt to a post-pandemic economy, and also faces backlash over controversy tied to its alleged corporate stance regarding the Israel-Hamas war. MORE: Campus protesters are demanding universities divest from Israel. Here's what that means. “Consumers have less demand for expensive coffee,” Albert Wang, a professor of [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