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Tag: STARBUCKS
Jim Cramer Destroys New Starbucks CEO In Heated Interview, Says He Was “Stunned” As Its Former CEO Admits a “Fall From Grace”
Jim Cramer Destroys New Starbucks CEO In Heated Interview, Says He Was “Stunned” As Its Former CEO Admits a “Fall From Grace” Despite a strong start to the year for stock markets, investors in Starbucks (NASDAQ:SBUX) have been left bitterly disappointed with its shares down by approximately 20% at the time of this writing. After […]
As a Longtime Starbucks Shareholder, Here’s What I’m Most Worried About Right Now
On April 30, coffee giant Starbucks (NASDAQ: SBUX) reported financial results for its fiscal second quarter of 2024, and the stock was immediately crushed as a result. In a subsequent interview with CNBC, CEO Laxman Narasimhan identified the company’s problem from his perspective by saying: “We have not been able to communicate to [occasional customers] […]
Alligator joins Starbucks drive-thru line in Sarasota County
TAMPA, Fla. (WFLA) — One bite-sized latte, please! One alligator desperately needed its morning coffee last Saturday, joining a drive-thru line at a North Port Starbucks. 4 baby alligators rescued after poachers allegedly snatched them from nest: FWC “Petition for Starbucks to create a Gatorccino to go with its one for pups,” a Facebook user […]
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Car catches fire while in Starbucks drive-thru in Fresno
FRESNO, Calif. (KSEE/KGPE) – A car in the drive-thru line at a Starbucks in Fresno caught fire Wednesday morning, according to the Fresno Fire Department, leaving the front of the vehicle charred and melted. Crews say they responded to the area of Clovis Avenue and Kings Canyon Road at around 9:50 a.m. for a report […]
Starbucks founder Howard Schultz says company needs to ‘overhaul’ strategy as troubles mount
Pressure from former Starbucks (SBUX) CEO Howard Schultz is beginning to brew. Schultz, who no longer has a formal role in the company, was quick to weigh in on the coffee giant’s latest miss. In a LinkedIn post on Sunday, the founder and former CEO said he has been asked by “people inside and outside […]
Here’s Why I Finally Bought Starbucks Stock — And 1 Reason I’m Being Cautious
Starbucks (NASDAQ: SBUX) recently reported disappointing first-quarter results, sending shares plunging by more than 15%. I’m rather bullish for the long term, so I decided to finally buy the stock, but as I discuss in this video, there is one big reason investors should be cautious with this one. *Stock prices used were the morning […]
Starbucks founder Schultz says company needs to refocus on coffee as sales struggle
Former Starbucks CEO and founder Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had reached out to him after Starbucks reported weaker-than-expected quarterly sales and earnings […]
Starbucks Stock Just Plunged Following Its Fiscal Q2 Earnings. Time to Buy the Dip?
Shares of Starbucks (NASDAQ: SBUX) plunged nearly 16% following a lackluster fiscal second-quarter earnings report. The stock is now down about 35% over the past year. Let’s look at why Starbucks stock fell, what its turnaround plans are, and whether now is a good time to buy the stock. Troubles in China and the U.S. […]
Uh-Oh, or Oh Boy? Dutch Bros. Is Chipping Away at Starbucks’ Dominance
Given Starbucks‘ (NASDAQ: SBUX) disappointing fiscal second-quarter results, it would be easy to presume the worst for the entire prepared-beverage business. The coffeehouse chain‘s overall revenue for the recently ended quarter was down 2% year over year, while same-store sales slumped 4%. Total comparable transactions were down 6%. All these numbers fell short of estimates. […]
Is Starbucks Stock Going Back to $100? 1 Wall Street Analyst Thinks So.
Starbucks (NASDAQ: SBUX) stock kind of stinks this week. Investors reacted to the company’s Tuesday earnings report (sales down 2%, and profits down 14% year over year) with a 16% sell-off Wednesday, and Starbucks stock hasn’t bounced back yet — but it might. On Wednesday, BTIG analyst Peter Saleh made the argument that Starbucks stock, […]