Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.
Starbucks Shares Plunge After Sales, Earnings Miss
Starbucks’s net income declined 15% in the second quarter compared with last year’s period, while revenue dropped 2%. Increased promotional activity and wages for staff hurt profit, but higher prices and operating efficiencies lessened the blow, the company said. Continue reading
Starbucks Shares Plummet To 21-Month Low On Weak Sales
Shares of Starbucks fell to a 21-month low in extended trading on Tuesday on the heels of a dismal quarterly earnings report missing analysts’ expectations amid faltering sales in the first few months of 2024.
Starbucks reports surprise drop in quarterly sales as demand falls
Starbucks on Tuesday reported a surprise decline in second-quarter comparable sales, as it grapples with weak demand for its coffees from inflation-weary consumers in the United States.
Starbucks’ stock sinks 9% as ‘cautious’ consumers, more headwinds hit profit, revenue
Tuesday, detailing how a trifecta of fewer people at its stores, cautious consumers and fiercer competition for a morning joe hit its quarterly revenue, and sank the stock more than 9% in the after-hours session.
Starbucks reports surprise drop in same-store sales; shares tumble
Starbucks Points To Weaker Consumer As Profit Falls
Starbucks reported lower profits on falling sales on Tuesday as the coffee giant pointed to weakening consumer sentiment and lackluster conditions in China as factors behind an earnings miss.
Starbucks shares sink 10% as same-store sales fall, quarterly results miss
Starbucks missed Wall Street's estimates for its quarterly earnings and revenue. The company's same-store sales fell 4% as traffic to its cafes declined 6% in the quarter. Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue,
Starbucks stock sinks on earnings miss, same-store sales drop
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.
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