24/7 Wall St. Insights Enthusiasm over the new Starbucks Corp.
Starbucks just appointed a new CEO: Brian Niccol, who was previously CEO of Chipotle. He may spin off the China business, which is what happened at Yum Brands when he ran the Taco Bell division.
NEW YORK, NY / ACCESSWIRE / August 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Starbucks Corporation ("Starbucks") (NASDAQ:SBUX) concerning possible violations of federal securities laws. On May 1, 2024, Starbucks announced Q2 2024 results well-below expectations and Starbucks' own projections, and then announced significantly reduced full-year guidance for 2024.
LOS ANGELES, CA / ACCESSWIRE / August 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Starbucks Corporation ("Starbucks" or "the Company") (NASDAQ:SBUX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Starbucks stock has jumped on the news it has made a big change in the CEO position. New chief Brian Niccol comes from Chipotle, which has been a huge growth machine.
Starbucks has been getting a lot of attention for its sagging sales and recent CEO switch. It started paying a dividend in 2010, and it's been an impressive dividend stock since then.
Starbucks stock first went public on June 26, 1992, at $17 per share. Since its IPO, the company has split its stock six times.
NEW YORK, NY / ACCESSWIRE / August 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Starbucks Corporation ("Starbucks") (NASDAQ:SBUX) concerning possible violations of federal securities laws. On May 1, 2024, Starbucks announced Q2 2024 results well-below expectations and Starbucks' own projections, and then announced significantly reduced full-year guidance for 2024.
Chipotle recently lost its CEO to Starbucks. However, the company has shown better pricing power and has more growth opportunities.
LOS ANGELES, CA / ACCESSWIRE / August 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Starbucks Corporation ("Starbucks" or "the Company") (NASDAQ:SBUX) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
The fast-casual stock is losing the leader who oversaw its most exciting growth.