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Starbucks stock falls to 4-year low as boycott rages on
Finbold· 2024-05-08 10:06
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 ...
1 Beaten-Down Stock I Just Bought, and Another I Just Sold
The Motley Fool· 2024-05-08 09:21
I finally added one of my favorite companies to my portfolio and decided to cut my losses on another.It's been a quiet year for me so far as an investor. I haven't made too many big portfolio moves and have actually been focusing on building positions in my favorite index funds lately.However, I recently made a pair of significant investment decisions. I decided to finally add shares of Starbucks (SBUX -0.55%) to my portfolio after its recent post-earnings drop, and I also decided to cut my losses and sell ...
Is Starbucks Stock Worth Watching?
The Motley Fool· 2024-05-08 07:50
And we talk with food and beverage analyst David Henkes about Mickey D's CosMc's.In this podcast, Motley Fool analyst Asit Sharma and host Dylan Lewis discuss:In the face of revenue declines and struggling comps, are Starbucks' shares worth watching?Amazon's eye-popping operating margin, fueled by strength in its ad business, the cloud, and cost-cutting measures.The name of the game in food is innovation. Motley Fool host Mary Long talks with food and beverage analyst David Henkes about McDonald's new appro ...
Here's Why I Finally Bought Starbucks Stock -- And 1 Reason I'm Being Cautious
The Motley Fool· 2024-05-07 10:22
After the post-earnings plunge, I couldn't resist adding the coffee leader to my portfolio.Starbucks (SBUX -0.29%) recently reported disappointing first-quarter results, sending shares plunging by more than 15%. I'm rather bullish for the long term, so I decided to finally buy the stock, but as I discuss in this video, there is one big reason investors should be cautious with this one.*Stock prices used were the morning prices of May 3, 2024. The video was published on May 3, 2024. ...
Ex-Starbucks CEO Howard Schultz demands coffee chain revamp: ‘The answer does not lie in data'
New York Post· 2024-05-06 17:25
Former Starbucks CEO Howard Schultz posted a lengthy essay on LinkedIn urging the coffee chain to overhaul its US operations after the company posted disappointing quarterly earnings.Schultz, who left the company’s board last fall after he became the public face of the company’s resistance to its employees’ unionization drives, wrote on Sunday that Starbucks needs to regain “a maniacal focus on the customer experience, through the eyes of a merchant.”“The answer does not lie in data, but in the stores.”Schu ...
Howard Schultz says Starbucks needs to revamp its stores after big earnings miss
CNBC· 2024-05-06 12:50
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, and Pensions Committee hearing in Washington, DC, US, on Wednesday, March 29, 2023.Former Starbucks CEO Howard Schultz weighed in Sunday on the coffee chain's dismal latest quarterly report, saying he believes the company will recover if it improves its U.S. stores.Schultz, who no longer has a formal role within Starbucks, sees an obvious reason for the downturn. He wrote ...
Starbucks Stock Just Plunged Following Its Fiscal Q2 Earnings. Time to Buy the Dip?
The Motley Fool· 2024-05-06 10:22
Will the company's turnaround plan work?Shares of Starbucks (SBUX -2.43%) plunged nearly 16% following a lackluster fiscal second-quarter earnings report. The stock is now down about 35% over the past year.Let's look at why Starbucks stock fell, what its turnaround plans are, and whether now is a good time to buy the stock.Troubles in China and the U.S.With the U.S. and China representing over 60% of Starbucks global locations, these two markets are the most important for the coffeehouse operator. Unfortuna ...
1 Magnificent S&P 500 Dividend Stock Down 41% to Buy and Hold Forever
The Motley Fool· 2024-05-06 08:05
Consumers are pulling back on their spending, and this company is feeling the pain.Investors should look for broken stocks, not broken companies. That's one of my favorite investment rules, and successfully following it can make you a lot of money. So, which label applies to coffee chain giant Starbucks (SBUX -2.43%)?The stock has suffered an extended slide and is over 40% off its former high after a poor reception to its fiscal second-quarter earnings report. The current drop is the worst since the financi ...
Starbucks: Indicators Turns Bearish, New Lows in Sight
MarketBeat· 2024-05-02 11:40
Key PointsStarbucks struggled in Q1 and underperformed consensus, lowering guidance for the year.Analysts are lowering their price targets, but this market still has a double-digit upside potential. Starbucks trades below the analysts' lowest target, suggesting a deep value opportunity for investors.  5 stocks we like better than StarbucksStarbucks NASDAQ: SBUX is one of many consumer-forward businesses that indicate weakness in the consumer. McDonald’s NYSE: MCD and Kraft Heinz NASDAQ: KHC revealed tepid r ...
Why Starbucks Stock Turned Bitter on Wednesday
The Motley Fool· 2024-05-01 19:54
Tepid results and slashed guidance sent the coffee purveyor into a tailspin.Starbucks (SBUX -16.00%) investors are having their worst day in more than four years. Shares of the coffee chain slumped as much as 17.4% Wednesday, marking the stock's worst decline since early 2020. As of 1:07 p.m. ET, shares were still down roughly 17.4%.The catalyst that sent the coffee purveyor sharply lower was disappointing quarterly results, which caused the company to slash its full-year guidance.Misreading the marketFor t ...