Stockholder Notice: Robbins LLP Informs Stockholders of the Class Action Filed Against Starbucks Corporation

Class Action Lawsuit Against Starbucks - A shareholder filed a class action lawsuit on behalf of all persons and entities that purchased or acquired Starbucks Corporation (NASDAQ: SBUX) securities between November 2, 2023, and April 30, 2024 [1] - The lawsuit alleges that Starbucks misled investors regarding its business prospects, particularly related to its projected revenue outlook, growth, and risk minimization in foreign markets, especially China [1] - Starbucks' Reinvention platform, which was claimed to prioritize global business growth, failed to meet the company's stated measures and was ill-equipped to handle macro uncertainty and competition in the Chinese market [1] Financial Performance and Stock Impact - On April 30, 2024, Starbucks announced disappointing Q2 Fiscal 2024 results and lowered its guidance for FY 2024 [2] - Following the announcement, Starbucks' stock price fell from $88 49 per share on April 30, 2024, to $74 44 per share on May 1, 2024, representing a decline of over 15% in a single day [2] Legal Representation and Shareholder Rights - Robbins LLP is investigating the allegations against Starbucks and is recognized as a leader in shareholder rights litigation [3] - The firm has obtained over $1 billion for shareholders since its inception in 2002 [3] - Shareholders who wish to participate in the class action must submit their application to the court by October 28, 2024 [2]