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 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 Plunges After Declining Same-Store Sales Weaken 2024 Outlook
Monitor This Important Price Level Key TakeawaysStarbucks shares plunged more than 12% in premarket trading Wednesday after the coffee chain reported quarterly results that fell short of expectations and trimmed its outlook for fiscal 2024 amid declining same-store sales.
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.
Starbucks Shares Plunge After Sales, Earnings Miss
Shares fell more than 8% in after-hours trading Tuesday. Chain executives said Tuesday that they are working to speed up service during the morning hours to better meet customer demand, including for orders placed ahead of time on its app.
Prolific shoplifter who returned to same store four times in one day is jailed
A prolific shoplifter who returned to the same shop four times in one day has been jailed after committing 71 offences in an ...
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QSRs ramp up value promotions to win back traffic
McDonald’s is taking its value platform from local to national, while several chains are experimenting with bundles.
KFC parent Yum reports surprise drop in global same-store sales on weak demand
Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut ...
Starbucks Analyst Gives 'Likeliest' Reason For Steep Sales Collapse, Rarely Seen 'Outside Economy-Wide Crises'
The recent pace of deceleration in Starbucks same-store sales has rarely been seen "outside economy-wide crises" like the ...
Here's Why Bowlero Stock Crashed Today
Shares of bowling entertainment company Bowlero ( BOWL -12.39%) crashed on Friday after the company reported financial results for its fiscal third quarter of 2024. As of 10:20 a.m. ET, Bowlero stock ...
Editorial: How much for a latte? Even Starbucks is suffering in this economy
The hardcore Starbucks loyalist remains steadfast, executives said, trying to reassure fretful analysts. The problem? Everyone else.
Mass. State Lottery winner: 2 $100,000 prizes won at same store
Two winning $100,000 lottery tickets were sold at the same store in Massachusetts on Monday. Both of the grand lottery prizes ...
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Ventas (VTR) Q1 FFO Beats Estimates on Higher Same-Store NOI
Q1 results outshine estimates on better-than-anticipated revenues. The same-store NOI improves year over year on strong ...
Starbucks' 'fall from grace': Howard Schultz says company needs to fix US operations
Howard Schultz, the former Starbucks chief executive, posted on social media what he thinks the global coffee giant needs to ...