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Starbucks Fails To Serve Hot Results, Brewing Analyst Concerns Over China Sales, Boycott Effects
Wednesday, January 31, 2024 - 1:16pm | 628Shares of Starbucks Corp (NASDAQ: SBUX) were trading lower on Wednesday after the company reported its first-quarter results short of expectations. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Wedbush On Starbucks Analyst Nick Setyan...
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Starbucks Q1 2024 Earnings Preview: Can The Coffee Giant Brew Up Another Beat? (CORRECTED)
Monday, January 29, 2024 - 7:17pm | 608Editor’s note: This story has been updated to correct an error regarding the quarter for which Starbucks will report earnings Tuesday; the company will report first-quarter earnings from fiscal year 2024. Starbucks Corp. (NASDAQ:SBUX), the world-renowned coffeehouse chain, is set to release...
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Why Starbucks 'Sentiment Seems Poor' Ahead Of Q1 Earnings
Friday, January 19, 2024 - 2:05pm | 643As Starbucks Corp (NASDAQ:SBUX) heads closer to reporting its first quarter earnings on Jan. 30 after market hours, analysts have begun assessing the company to update their investment stance. Starbucks stock is down over 10% over the past year, likely owing to inflationary pressures that existed...
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Starbucks (SBUX) Down 11% in a Year: Can It Revive in 2024?
Thursday, January 4, 2024 - 12:51pm | 669Shares of Starbucks Corporation (NASDAQ: SBUX) have declined 10.7% in the past year against the industry's 7.7% growth. The company's performance is likely to have been hurt by ongoing inflationary pressure. Its ingredients are witnessing a price hike in the last few quarters. However...
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Starbucks Q4 Earnings Preview: What Analysts Are Saying, New CEO's Plan And Key China Items To Watch
Wednesday, November 1, 2023 - 3:21pm | 673Coffee chain Starbucks Corporation (NASDAQ:SBUX) is set to report fourth-quarter financial results before the market open Thursday. Here are the analyst estimates, commentary and items for investors to watch when the report goes live. Starbucks Earnings Estimates: Analysts expect Starbucks to...
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Starbucks Founder, Former CEO To Leave Company Immediately; Former Alibaba Exec Joins Board
Wednesday, September 13, 2023 - 4:40pm | 426Starbucks Corp (NASDAQ: SBUX) announced on Wednesday that founder and former CEO Howard Schultz is leaving the coffee chain's board effective immediately. The move follows his departure as CEO in March of this year. Reflecting on his 41-year tenure, Schultz thanked the company's ...
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If You Invested $1,000 In Starbucks Stock When The Pumpkin Spice Latte Was Introduced, Here's How Much You'd Have Today
Monday, August 28, 2023 - 11:31am | 821Now a staple on the Starbucks Corporation (NASDAQ: SBUX) menu each fall, it’s hard to believe that the pumpkin spice latte wasn’t always a thing. Today, the drink and a full lineup of products with the flavor help make the Seattle-based company one of the biggest franchises in the world...
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Starbucks Q3 Earnings Highlights: Revenue Beats Estimates And Hits Record, China Sales Bounce Back And More
Tuesday, August 1, 2023 - 4:22pm | 477Coffee company Starbucks Corporation (NASDAQ: SBUX) reported third-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Starbucks reported third-quarter revenue of $9.17 billion, which was up 12% year-over-year. The revenue total, which was a record...
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Here's How This Gen Zer Brings In $9,000 A Month And It Takes Just 8 Hours A Week
Thursday, May 11, 2023 - 12:08pm | 531Generation Z only started to enter the workforce about four years ago but many in the age group, who are the first generation of lifelong technology users, are restless and find holding down multiple jobs, or at least having a lucrative side-hustle, offers satisfaction. Morgan Eckroth is one of...
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Starbucks Pulls Back Within A Trend — Will The Stock Continue To Grind Higher?
Wednesday, April 19, 2023 - 11:02am | 435Starbucks Corporation (NASDAQ: SBUX) gapped down slightly to open Wednesday’s trading session after rejecting a key resistance level near the $110 level on Tuesday. The multinational coffee chain has been trading in an uptrend since March 24, making a series of higher highs and higher lows,...
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Why These 4 Starbucks Analysts Are Unphased By Q1 Earnings Miss
Friday, February 3, 2023 - 12:36pm | 531Shares of Starbucks Corporation (NASDAQ: SBUX) remained under pressure in early trading on Friday, after the company’s fiscal first-quarter earnings missed expectations. Stephens on Starbucks Analyst Joshua Long maintained an Equal-Weight rating and price target of $91. “Starbucks...
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Starbucks Q4 Earnings Highlights: Revenue And EPS Beat, The China Impact And More
Thursday, November 3, 2022 - 4:32pm | 481Starbucks Corporation (NASDAQ: SBUX) reported fourth-quarter and full fiscal year results after the market close Thursday. Here are the key highlights. What Happened: Starbucks reported fourth-quarter revenue of $8.41 billion, up 3% year-over-year. The revenue total beat a Street estimate of $8.31...
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Starbucks Plunges As Xi Jinping Consolidates Power: Here's What's Going On
Monday, October 24, 2022 - 3:38pm | 526Starbucks Corporation (NASDAQ: SBUX) was sliding about 6% lower on Monday in tandem with a number of China-based stocks. The Hang Seng Index closed 6.36% lower at $15,180.70, a more than 42% decline from the Jan. 4 opening price, dragging stocks such as Alibaba Group Holdings, Ltd - ADR (...
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4 Starbucks Analysts On Q2 Earnings: Brewing China Concerns, Strong US Demand And More
Wednesday, May 4, 2022 - 11:53am | 600Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the...
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5 Starbuck Analysts On Howard Schultz's Return To C-Suite: 'Steady Hand'
Thursday, March 17, 2022 - 11:08am | 558On Wednesday, Starbucks Corporation (NASDAQ: SBUX) CEO Kevin Johnson announced he is retiring after five years in the position. While the coffee retailer searches for a permanent replacement for Johnson, Starbucks founder and former two-time CEO Howard Schultz will return as interim chief executive...