Shares of Starbucks Corporation (SBUX) declined 4.2% in the after-hours trading session on Tuesday after the company reported disappointing preliminary results for the fourth quarter and fiscal 2024.For the fiscal fourth quarter, the coffee giant saw a year-over-year global comparable store sales decline of 7%, with consolidated net revenues dipping 3% to $9.1 billion. GAAP earnings per share were 80 cents, reflecting a 25% year-over-year drop on a constant-currency basis. Then again, adjusted earnings per ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Starbucks Corporation (NASDAQ: SBUX). Shareholders who purchased shares of SBUX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/starbucks-loss-submission-form/?id=109174&from=3 CLASS PERIOD: November 2, 2 ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Starbucks Corporation (NASDAQ: SBUX) between November 2, 2023 and April 30, 2024, both dates inclusive (the “Class Period”), of the important October 28, 2024 lead plaintiff deadline. SO WHAT: If you purchased Starbucks securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange ...

Key TakeawaysStarbucks shares dropped in premarket trading on Wednesday after the global coffee chain suspended its 2025 outlook and reported disappointing preliminary quarterly results, as new CEO Brian Niccol starts implementing a turnaround strategy.Buyers have defended the lower trendline of a symmetrical triangle and the 50-day moving average, though the stock sits poised to break down below the pattern.Investors should monitor key support areas on Starbucks' chart around $90 and $83, while watching ov ...

Wall Street doesn't like uncertainty. This is why shares of Starbucks Corporation SBUX fell after the company withdrew its guidance.As you can see on the chart, the stock found support around the $94 level. Stocks tend to find support at price levels that had been support before. This is why our team of trading experts has made it our Stock of the Day.Markets find support at levels that had previously been support because of investor and trader psychology. It is because of remorseful sellers.There are peopl ...

The market expects Starbucks (SBUX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Starbucks (SBUX) .Starbucks currently has an average brokerage recommendat ...

Starbucks shares dropped Wednesday after the company warned its inflation-battered customers are cutting back on its pricey coffee — even as its new CEO Brian Niccol begins a turnaround bid. The Seattle-based java giant released preliminary results for the latest quarter, revealing its same-store sales dropped 7% in the fourth quarter — its steepest decline since the pandemic. Preliminary sales fell 3% to $9.1 billion in revenue, below expectations of $9.4 billion. 3 Starbucks shares were poised to plunge o ...

New TakeawaysStarbucks shares dropped in extended trading Tuesday after the company withdrew its outlook for 2025.The company's preliminary fourth-quarter results also missed expectations.CFO Rachel Ruggeri said turning around the business will "take time." Starbucks (SBUX) shares dropped in extended trading Tuesday after the company suspended its outlook for 2025. The coffee chain's preliminary fourth-quarter results also missed expectations. Starbucks said it would not offer guidance for the 2025 fiscal y ...

Starbucks pre-released its fourth-quarter and annual earnings on Tuesday.The surprise release showed sales dropped in its key markets of the US and China.CEO Brian Niccol said he's planning a broader turnaround of the coffee chain. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go ...