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Stockreport

Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag [MSNBC.com]

Starbucks Corporation (SBUX)  More Company Research Source: MSNBC.com
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
StarbucksShares of the company fell 12% in extended trading."In a highly challenged environment, this quarter's results do not reflect the power of our brand, our capabilities or the opportunities ahead," CEO Laxman Narasimhan said in a statement. "It did not meet our expectations, but we understand the specific challenges and opportunities immediately in front of us."In the U.S., same-store sales decreased 3% as traffic sank 7%. This marks the second quarter that the company's home market has struggled. Last quarter, executives blamed sluggish sales on boycotts targeting the company due to "misperceptions" of its stance on Israel.Starbucks' international segment reported same-store sales declines of 6% as both average ticket and transactions dropped. In China, Starbucks' second-largest market, same-store sales plunged 11%, fueled by an 8% decline in average ticket."In this environment, many customers have been more exacting about where and how they choose to spend their money," Naras [Read more]
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Stockreport

Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag [MSNBC.com]

Starbucks Corporation  (SBUX) 
More Company Research Source: MSNBC.com
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
StarbucksShares of the company fell 12% in extended trading."In a highly challenged environment, this quarter's results do not reflect the power of our brand, our capabilities or the opportunities ahead," CEO Laxman Narasimhan said in a statement. "It did not meet our expectations, but we understand the specific challenges and opportunities immediately in front of us."In the U.S., same-store sales decreased 3% as traffic sank 7%. This marks the second quarter that the company's home market has struggled. Last quarter, executives blamed sluggish sales on boycotts targeting the company due to "misperceptions" of its stance on Israel.Starbucks' international segment reported same-store sales declines of 6% as both average ticket and transactions dropped. In China, Starbucks' second-largest market, same-store sales plunged 11%, fueled by an 8% decline in average ticket."In this environment, many customers have been more exacting about where and how they choose to spend their money," Naras [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