Starbucks (NASDAQ: SBUX) stock is in kind of a funk. The world’s most famous coffee chain reported a 2% decline in quarterly revenue on Tuesday, and a 14% slide in profits. Starbucks stock promptly plummeted from more than $88 to less than $75 a share. But there’s good news, too. Thanks to Starbucks stock getting […]
Starbucks’s (SBUX) green siren seems to be lost at sea. The coffee giant had its worst day in trading since March 2020, with shares down nearly 16% on Wednesday after reporting Q2 results that were hard to swallow. The company missed on all metrics (revenue, earnings, and same-store sales), with foot traffic declining across the […]
The glass is looking half empty for Starbucks (SBUX) this quarter. For its second quarter 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 the size of their orders. Its shares opened 14% lower on Wednesday; it […]
The glass is looking half empty for Starbucks (SBUX) this quarter. 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 […]
Starbucks (SBUX) reported disappointing second quarter results. Adjusted earnings per share of $0.68 fell short of the Street’s $0.80 estimate. Net revenue of $8.56 billion missed expectations of $9.13 billion. The company reported a same-store sales decline of 4%, a 1.46% rise had been expected. In China, same-store sales fell 11% versus an expected decline […]
(Reuters) -Starbucks on Tuesday reported a surprise drop in second-quarter comparable sales, as it battled weak demand for its coffees in the United States and China, its two biggest markets. With demand falling across the board, Starbucks reported a fall in same-store sales for the first time in nearly three years, sending its shares down […]
The glass is looking half empty for Starbucks (SBUX) this quarter. For its Q2 earnings, the company missed expectations across the board, posting lower than expected revenue, earnings, and same store sales growth. CEO Laxman Narasimhan called it a “a highly challenged environment,” adding that these second quarter results “do not reflect the power of […]
The U.S. Supreme Court appeared to side with Starbucks Tuesday in a case that could make it harder for the federal government to seek injunctions when it suspects a company of interfering in unionization campaigns. Justices noted during oral arguments that Congress requires the National Labor Relations Board to seek such injunctions in federal court […]
After Starbucks fired seven workers who were trying to unionize their Tennessee store, a U.S. government agency obtained a court order forcing the company to rehire them. Now, Starbucks wants the Supreme Court to curb the government’s power in such cases. On Tuesday, justices are scheduled to hear Starbucks’ case against the National Labor Relations […]
Love cheap Starbucks coffee? Then Delaware is the state to buy it in. A recent study found the Delaware is one of the cheapest states in the U.S. to get a Starbucks coffee. Research conducted by the price-monitoring website Pricelisto looked at the price of a coffee from the popular franchise to find which states […]
Starbucks has released three new drinks — Spicy Pineapple, Spicy Dragonfruit, and Spicy Strawberry. It also released a new Spicy Cream Cold Foam. All four feature the chain’s spicy chili powder blend. I didn’t enjoy the spicy cold foam, but I would order the Spicy Strawberry Refresher again. “Want me to get you a glass […]
A man accused of an armed robbery at a Starbucks in Sacramento County was arrested Wednesday in Roseville after leading authorities on a pursuit, the Placer County Sheriff’s Office said. The 27-year-old man was identified by Citrus Heights police as a suspect in a robbery at a Starbucks about 5:20 p.m. The Placer County Sheriff’s […]