Starbucks stock falls to 4-year low as boycott rages on
Despite Starbucks (NASDAQ: SBUX) distancing itself from the Israel-Hamas war and negating any donations to the Israeli government or military, it has faced extensive boycotts that have continued for months and taken their toll on the coffeehouse giant.This has led to a substantial decline in SBUX stock due to weak earnings that missed expectations around the board. Reporting revenue of $8.5 billion, a 4% decrease in comparable sales, and lowered guidance, shares plummeted to a four-year low on May 7 to trad ...