Analysts on Wall Street project that Starbucks (SBUX) will announce quarterly earnings of $0.94 per share in its forthcoming report, representing a decline of 11.3% year over year. Revenues are projected to reach $9.08 billion, declining 3.1% from the same quarter last year.The current level reflects a downward revision of 9.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections ove ...

Starbucks stock has been the better buy of late, but investors shouldn't assume that will remain the case over the long term.A change in CEO can have a significant impact on a company's growth strategy and a stock's overall trajectory. And that's what Starbucks (SBUX -0.51%) is hoping for, after luring away Brian Niccol from Chipotle Mexican Grill (CMG 0.71%) earlier this year. The company made great efforts to do so and is paying the executive a significant compensation package to help the coffee chain get ...

Starbucks' sales are falling, and the company doesn't have a clear turnaround plan.Starbucks (SBUX 0.86%) announced on Tuesday that fiscal fourth-quarter 2024 results would be down sharply as same-store sales fell around the world. The company is in the midst of a turnaround plan, but is there any light at the end of the tunnel for the company? Travis Hoium covers the challenge ahead in this video.*Stock prices used were end-of-day prices of Oct. 22, 2024. The video was published on Oct. 23, 2024. ...

Can Starbucks clean up its tarnished coffee crown? You will soon have a better view of the company's turnaround plans.Coffee chain titan Starbucks (SBUX 0.52%) just released a preliminary report for the fourth quarter of 2024. Sales are coming in lower than expected due to fewer (but more profitable) transactions. The newly installed management team under food service turnaround expert Brian Niccol canceled their full-year guidance targets and said there won't be any firm financial targets for the next fisc ...

Key TakeawaysStarbucks withdrew its outlook for 2025, sending shares lower before paring back most of their losses Wednesday.Bank of America analysts said a reset was largely expected and anticipate "easy wins."New CEO Brian Niccol could be “well suited for SBUX turnaround," the analysts said, given similar challenges Niccol faced at Chipotle. Starbucks (SBUX) on Tuesday withdrew its outlook for 2025, sending shares sharply lower before paring back most losses in intraday trading Wednesday. Bank of America ...

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 ...