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Starbucks shares drop
Starbucks’ latest financials sink shares, as CEO says it’s ‘harder to be a customer than it should be’
Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, saying its turnaround efforts “will take time” as its new chief executive settles in.
Starbucks shares slide after preliminary results show sales fell again
Starbucks on Tuesday posted preliminary quarterly results, which showed its sales fell again. Nearly two months ago, CEO Brian Niccol took the helm of the coffee giant after two quarters of same-store sales declines.
Starbucks shares drop as preliminary Q4 results show declining sales in US, China
Starbucks posted preliminary Q4 results that shocked the Street on Tuesday afternoon. The company reported quarterly revenue that fell 3% year over year to $9.1 billion, while ear
Starbucks shares sink on disappointing preliminary results, says promos aren’t working
Starbucks Corp. on Tuesday reported preliminary fourth-quarter results, and investors were not pleased. The coffee chain said that same-store sales fell 7% year over year, with revenue down 3% to $9.1 billion and adjusted earnings per share of 80 cents — all worse than what Wall Street analysts expected.
1h
Starbucks reports weak quarterly results despite arrival of Pumpkin Spice Latte
The Seattle coffee giant on Tuesday reported weaker-than-expected sales in its fiscal fourth quarter, which ended Sept. 29.
1h
Starbucks Stock Skids After Coffee Chain Suspends Guidance
Starbucks shares sold off premarket after world's largest coffee chain missed earnings and sales expectations and suspended ...
9h
on MSN
Starbucks shares slide after coffee chain says sales fell again, suspends outlook
The company's same-store sales slid for the third consecutive quarter, fueled by a 10% tumble in traffic to its North ...
12h
on MSN
Starbucks suspends forecasts, shares tumble as chain warns turnaround ‘will take time’
CEO Niccol took over on Sept. 9 at a time when the coffee chain struggled with tackling weakness in two top markets, the US ...
15m
Starbucks baristas, customers urge new CEO to bring changes in company
Baristas complain about what they say are chronic understaffing and poor pay and benefits, and their inability to easily ban ...
30m
Starbucks pulls 2025 guidance following sales slump and 5% drop in shares
Since recent take over chief executive Brian Niccol he has been rearranging leadership ranks and unveiled plans to make cafes ...
11h
Starbucks Reports a Slide in Sales and Traffic
Starbucks has been under pressure for awhile. Following two quarters of consecutive declines in sales and a stock price that ...
Restaurant Business
1h
Luckin Coffee and the booming Asian coffee sector take a bite out of Starbucks
The Asian coffee market was largely untapped when Starbucks first entered China 20 years ago. But it is suddenly ...
1h
Starbucks menu and prices to see major shake-up under new coffee chain boss
Brian Niccol took on the role of Starbucks' chief executive in September of this year and has announced that he wants to look ...
The Caterer
1h
Starbucks CEO to rethink menu and pricing to win back customers
The new CEO of Starbucks has promised to simplify its “overly complex” menu and pricing after another slump in sales. Brian ...
Starbucks
15h
Starbucks Reports Preliminary Q4 and Full Fiscal Year 2024 Results
Our fourth quarter performance makes it clear that we need to fundamentally change our strategy so we can get back to growth ...
1d
Starbucks is introducing 'Wicked' drinks to celebrate the movie
Starbucks is partnering with the entertainment company to celebrate the new film with drinks and merchandise inspired by the ...
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