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Consumer giants from Starbucks to General Mills have one big sales problem: China
CNBC· 2024-08-06 23:22
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING — A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy — home to more than four times the population of the U.S. — has attracted multinational corporations for decades given its large, fast-growing market. But slower growth and intense local competition, amid tensions with the U.S., are now weighing on corpora ...
SBUX Investors Have Opportunity to Join Starbucks Corporation Fraud Investigation with the Schall Law Firm
Prnewswire· 2024-08-06 14:15
LOS ANGELES, Aug. 6, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Starbucks Corporation ("Starbucks" or "the Company") (NASDAQ: SBUX) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Starbucks announced its second quarter, 2024, results on May 1, 2024. The C ...
Starbucks Corporation (SBUX) Is a Trending Stock: Facts to Know Before Betting on It
ZACKS· 2024-08-06 14:06
Starbucks (SBUX) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this coffee chain have returned -1% over the past month versus the Zacks S&P 500 composite's -6.7% change. The Zacks Retail - Restaurants industry, to which Starbucks belongs, has lost 2.5% over this period. Now the key question is: Where could the stock be headed in the near term?Although m ...
Why Starbucks Rallied Despite Declining Sales -- and Is Now the Time to Buy the Stock?
The Motley Fool· 2024-08-05 10:42
Core Viewpoint - Starbucks is experiencing challenges in its key markets, the U.S. and China, but is implementing a turnaround plan that shows early signs of progress, particularly in the U.S. [1][7] Group 1: Recent Performance - In the U.S., same-store sales fell by 2% in the fiscal third quarter, compared to a 7% increase a year ago, with store traffic down by 6% and average ticket price up by 4% [2] - In China, comparable-store sales dropped by 14%, a significant decline from a 46% increase a year ago, with both traffic and average ticket price decreasing by 7% [2] - Overall revenue declined by 1% to $9.1 billion, with global comparable-store sales falling by 3%, and adjusted earnings per share (EPS) decreased by 7% to $0.93 [3] Group 2: Turnaround Initiatives - Management reported "green shoots" in the U.S. due to an action plan aimed at improving scheduling, employee turnover, and inventory management [4] - The introduction of the Siren Craft System is expected to reduce wait times by 10 to 20 seconds, potentially leading to a 1% to 1.5% increase in comparable-store sales [4] - The company plans to accelerate new store builds and remodels, focusing on tier 2 and tier 3 cities, and is expanding its partnership with Gopuff to open 100 delivery-only kitchens across the U.S. [5] Group 3: Product Developments and Strategic Moves - The launch of Summer-Berry Starbucks Refreshers beverages achieved the highest first-week sales in the company's history, contributing positively to the Refreshers lineup [5] - Starbucks is exploring strategic partnerships in China to enhance its competitive position and accelerate growth, while maintaining its premium brand status [5][6] - Elliott Investment Management has taken a stake in Starbucks, indicating constructive discussions that may support the company's turnaround efforts [6] Group 4: Market Outlook - Despite the struggles in the U.S. and China, there are signs of progress in the U.S. turnaround plan, which could positively impact future results [7] - The forward price-to-earnings (P/E) ratio for Starbucks is approximately 19 based on fiscal year 2025 estimates, suggesting potential value given the brand's expansion opportunities [7][8] - While challenges in China may persist due to competitive pressures, the long-term growth potential remains significant [7]
星巴克:季度业绩符合预期,继续全球扩张
INDUSTRIAL SECURITIES· 2024-08-04 03:01
#市场ma数rk据etData# 市场数据日期 2024.07.31 收盘价(美元) 77.95 总股本(亿股) 11.33 总市值(亿美元) 883.33 净资产(亿美元) -79.45 总资产(亿美元) 301.12 每股净资产(美元) -7.01 数据来源:Wind,兴业证券经济与金融研究院整理 主要财务指标 | --- | --- | --- | --- | --- | |---------------------------------|---------|---------|---------|---------| | $会计zy年cw度zb|主要财务指标$ | FY2020A | FY2021A | FY2022A | FY2023A | | 营业收入(百万美元) | 23,518 | 29,061 | 32,250 | 35,976 | | 同比增长(%) | -11.3 | 23.6 | 11.0 | 11.6 | | 净利润(百万美元) | 928 | 4,199 | 3,282 | 4,125 | | 同比增长(%) | -74.2 | 352.4 | -21.9 | 25.7 | | ...
Is Starbucks Stock an Excellent Investment?
The Motley Fool· 2024-08-02 12:15
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Forget Starbucks: Buy This Other Spectacular Coffee Growth Stock Instead
The Motley Fool· 2024-08-02 09:20
Dutch Bros is a fast-growing coffee chain that consumers love.One of the hardest areas to invest in is consumer discretionary goods. Consumer shopping patterns and preferences can change frequently. Macroeconomic factors can also affect demand.Right now, there are two completely different narratives being written among leading coffee chain companies, Starbucks (SBUX -3.64%) and Dutch Bros (BROS -0.68%).While Starbucks grapples with decelerating growth, its smaller rival is thriving.Let's dig into why Dutch ...
Starbucks Needs to Turn Things Around, Fast
The Motley Fool· 2024-08-02 07:50
Starbucks' sales results were pretty dismal in the second quarter of 2024. This is what investors need to be watching right now.There's no way around it, Starbucks (SBUX -3.64%) had a rough second quarter. The large coffee chain simply isn't resonating as well with customers right now. While there are a number of reasons why this could be happening, investors should be paying extra close attention to sales and, more to the point, same-store sales, right now. Here's why.What went wrong at StarbucksStarbucks ...
晚点财经丨新荣记张勇:把死看明白了,现在很珍惜生;Temu、Shein美国广告战刹车;星巴克同店销售-14%、瑞幸连续利润下滑
晚点LatePost· 2024-08-01 15:02
"我觉得要采取守势,不能再攻了。" 张勇在 0731 中国餐饮创始人大会上说。他演讲主题是 "品牌如何贵 气"。他说对品牌来说,重要的不是店多少、营业额或者利润高低,最关键是品牌是否归零。说这话的 时候,张勇他上身西装,下身西短 —— 因为 "生意不好"。 新荣记张勇:把死看明白了,现在很珍惜生 新荣记张勇:把死看明白了,现在很珍惜生 当一个趋势来临时,不同的人会有不同的应对方式。对新荣记创始人张勇来说,变化发生在去年 7 月。 Temu、Shein 美国广告战刹车 星巴克同店销售 -14%、瑞幸连续利润下滑 "红牛" 争夺战,中国和泰国红牛继续各执一词 芯片股怎么又大涨了? 关注《晚点财经》并设为星标,第一时间获取每日商业精华。 张勇说自己属于打 "退休报告的人",也有心把餐厅交给孩子接班,但大儿子更爱咖啡、小儿子 "还在拆 盲盒"。在讲了些对传承的看法后,张勇说 "我嘴上说得好,其实没做好,但我觉得这是一定要去做 的。" 但无论张勇以什么方式、找谁接班, 用他之前对我们讲的来总结 ,大概还是 "我们这种人死了之后灵魂 也在厨房"。而在他 7 月 31 日的演讲里,他也提到了生、死,不过是关于新荣记的。 以 ...
Elliott's 'constructive' Starbucks engagement complicated by Howard Schultz's looming presence
CNBC· 2024-08-01 12:00
CEO of Starbucks Howard Schultz back stage with soon to be Starbucks CEO Laxman Narasimhan at Starbucks Headquarters during Investor Day in Seattle, Washington Tuesday September 13, 2022.Days before reports surfaced that Elliott Management had amassed a significant stake in Starbucks, the activist investor proposed a settlement that would involve board expansion and governance improvements but would allow CEO Laxman Narasimhan to keep his job, according to people familiar with the matter.Elliott submitted i ...