Starbucks is expected to report another quarter of same-store sales declines. Under CEO Brian Niccol's leadership, the company has implemented a turnaround strategy focused on bringing the coffee chain back to its roots.
The company's fiscal fourth-quarter results will likely reflect how softer economic conditions have prompted customers to pull back.
Starbucks faces mounting challenges as it prepares to report fiscal Q4 earnings, with further downside likely for the stock. SBUX is underperforming key rivals like Dutch Bros and Luckin Coffee, both of which are posting stronger same-store sales growth. Recent widespread U.S. store closures signal brand retrenchment, with negative comps and no clear path to renewed domestic growth.
Recently, Zacks.com users have been paying close attention to Starbucks (SBUX). This makes it worthwhile to examine what the stock has in store.
Unionized Starbucks staff plan to launch a strike vote on Friday amid tense labor relations. The vote determines if unionized baristas will stop work for the fourth time in two years.
Starbucks Workers United is kicking off a strike authorization vote this Friday. In addition, the union says it is planning a wave of rallies and pickets across the country with its baristas and allies.
Starbucks (SBUX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Starbucks is assessing bids from five parties for its China business as it seeks a partner to navigate the country's competitive coffee landscape.
Starbucks (SBUX) closed at $81.15 in the latest trading session, marking a +1.4% move from the prior day.
The latest trading day saw Starbucks (SBUX) settling at $80.04, representing a -1.54% change from its previous close.
It's been a tough year for Starbucks NASDAQ: SBUX. The king of coffee retail chains has seen its stock slide more than 25% from its year-to-date (YTD) high on Feb. 23, and when it reported Q3 earnings on July 29, it missed analysts' estimates by nearly 28%.
The coffee chain's “Project Bloom” was months in the making, and days in execution.