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Brian Niccol Confident 'Customers Will Come Back' To Starbucks As Company Shifts Strategy Under New CEO: Q4 Earnings
Wednesday, October 30, 2024 - 4:57pm | 469Starbucks Corp (NASDAQ:SBUX) reported fourth-quarter financial results after the bell on Wednesday. Here’s a rundown of the report. Q4 Revenue: $9.07 billion, versus estimates of $9.38 billion Q4 EPS: 80 cents, versus estimates of $1.03 Comparable store sales declined 7% globally, driven...
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Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: 'Zeroing In' On Right Issues
Wednesday, October 23, 2024 - 1:37pm | 531Analysts are weighing in after Starbucks Corp. (NASDAQ:SBUX) on Tuesday reported worse-than-expected preliminary fourth-quarter results and suspended its guidance for 2025. The Details: In a surprise move, Starbucks reported preliminary results for the fourth quarter showing that it expects...
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Why This Westrock Coffee Analyst Is Bullish About The Strategic Shift To Ready-To-Drink Beverages
Monday, October 7, 2024 - 11:43am | 314Shares of Westrock Coffee Co (NASDAQ:WEST) came under pressure in early trading on Monday. The company is well positioned for margin expansion with the build out of its new facility in Conway, Arkansas. Truist Securities analyst Bill Chappell initiated coverage of Westrock Coffee with a Buy rating...
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Jim Cramer Calls Starbucks A 'Stimulus Play': Golden Cross Signals Bullish Run Ahead
Monday, September 30, 2024 - 9:30am | 773Starbucks Corp (NASDAQ:SBUX) is brewing excitement as a Golden Cross formation suggests a potential bullish run. The stock is up 6.84% over the past year, with a 3.94% gain year-to-date. Jim Cramer recently put the spotlight on Starbucks, naming it one of his top “stimulus plays” in the...
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Starbucks Stock, Pumpkin Spice & Everything Nice: How Much $1,000 Invested In Coffee Giant When Pumpkin Spice Latte Was Introduced Would Be Worth Today
Wednesday, September 11, 2024 - 6:01pm | 855Coffee giant Starbucks Corporation (NASDAQ:SBUX) is in the middle of pumpkin spice latte season, which has turned into a huge sales and marketing boom for the company and comes with new CEO Brian Niccol taking the helm and outlining plans for growth. What Happened: Starbucks first launched the...
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Starbucks Analysts Mixed On New CEO Brian Niccol, Who Led CMG Stock 650% Higher In 6 Years: 'Starbucks Is No Chipotle'
Tuesday, August 13, 2024 - 11:18am | 1010Starbucks (NASDAQ:SBUX) analysts are mixed Tuesday on what the addition of Brian Niccol, previously CEO and Chairman of Chipotle Mexican Grill (NYSE:CMG), could mean for the coffee chain. The Starbucks Analysts: Wedbush analyst Nick Setyan maintained a Neutral rating on Starbucks with an $80 price...
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Starbucks Q3 Earnings: Revenue Miss, EPS In Line, Comps Down 3%, 'Action Plan Is Beginning To Work'
Tuesday, July 30, 2024 - 4:31pm | 415Starbucks Corp (NASDAQ:SBUX) reported financial results for its fiscal third quarter after the market close on Tuesday. Here’s a look at the key numbers from the quarter. Q3 Earnings: Starbucks reported third-quarter revenue of $9.1 billion, missing the consensus estimate of $9.24...
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Coffee Supply Concerns Drive Up Costs For A Cup Of Joe
Wednesday, July 10, 2024 - 2:40pm | 493Tighter bean supplies are leading to higher costs for coffee, that popular beverage imbibed worldwide for its awakening effect. The most-active contract for the arabica variety fell nearly 2% to $2.450 a pound in New York after rising Tuesday to the highest since early 2022, Bloomberg reported....
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Starbucks Is The Latest Chain To Add Value Menu: What You Need To Know
Tuesday, June 11, 2024 - 2:57pm | 340Starbucks Corp‘s (NASDAQ:SBUX) brand is not synonymous with bargains. However, the coffee chain could be poised to change that with the release of a new value menu meant to appeal to the cash-squeezed consumer. What Happened: Starbucks rolled out its “Starbucks Pairings Menu” to...
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Rudy Giuliani Announces New Coffee Brand As Legal Troubles Mount: From Bankruptcy To Barista
Tuesday, May 21, 2024 - 5:06pm | 557Rudy Giuliani is entering the coffee business at a bitter time in his life. A onetime New York City mayor, Rudy Giuliani now faces multiple legal challenges related to the 2020 election. Similar to his former boss Donald Trump, Giuliani could be using the increased attention and legal challenges...
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Expert Slams Starbucks CEO's Response To Falling Stock Performance: 'You Got To Be On Drugs To Say Something Like That On National Television'
Tuesday, May 7, 2024 - 2:14am | 680Former TD Ameritrade CEO, Joe Moglia, has criticized Starbucks Corporation (NASDAQ:SBUX) CEO, Laxman Narasimhan, for his handling of the company’s falling stock performance. What Happened: On Monday, Moglia expressed his views during “Last Call” by CNBC. He highlighted a recent...
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Starbucks Presents A 'Bitter Bean To Swallow': Analysts Cut Forecasts After FQ2 Results
Wednesday, May 1, 2024 - 1:40pm | 503Starbucks Corp (NASDAQ:SBUX) shares tanked in early trading on Wednesday, after the company reported a revenue and earnings miss. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Stifel On Starbucks Analyst Chris O’Cull maintained a Hold...
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Starbucks Q2 Earnings: Revenue Miss, EPS Miss, Comps Down 4% And More
Tuesday, April 30, 2024 - 4:23pm | 402Starbucks Corp (NASDAQ:SBUX) reported fiscal second-quarter financial results Tuesday after the bell. Here’s a look at the key metrics from the quarter. Q2 Earnings: Starbucks said second-quarter revenue decreased 2% year-over-year to $8.6 billion, which missed the consensus estimate...
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Tim Cook In Vietnam: Can Apple CEO's Visit To Iconic Cafe In Hanoi Replicate Obama And Bourdain's Bun Cha Magic?
Monday, April 15, 2024 - 4:00am | 705Apple CEO Tim Cook is on a two-day visit to Vietnam. While the famed executive definitely will be in the Southeast Asian capital to talk business, he did not miss out on having fun either. Cook tweeted a picture of him enjoying his downtime in Hanoi with musicians My Linh and My Anh. He...
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Ex-Obama Adviser Agrees Starbucks Quality 'Is Too Low For The Prices' But Rubbishes Suze Orman's Theory About Skipping It: 'She Seems To Forget How Much Joy Good Coffee Can Provide'
Monday, March 18, 2024 - 8:08am | 530Betsey Stevenson, a former member of President Barack Obama’s Council of Economic Advisers, recently said on X, previously known as Twitter, to share her perspective on the significance of coffee in daily life. This came after financial advisor, author, and podcast host Suze Orman criticized...