Starbucks (SBUX) Stock Down 21% in a Year: What's Hurting It?

Starbucks Corporation (SBUX) has been witnessing strong headwinds from a challenging macroeconomic environment, a decline in consumer confidence and uncertainty in international markets.The company’s shares have lost 20.9% in the past year compared with the industry’s 6.6% decline. Let’s look at SBUX’s earnings estimate revisions to get a clear picture of what analysts are thinking about the company. Earnings estimates for fiscal 2024 and 2025 have been revised downward by 11.1% and 13.1%, respectively, in ...