Starbucks reported quarterly earnings Tuesday that missed Wall Street’s expectations for earnings per share. CEO Kevin Johnson said on a call with analysts that comparable sales for open stores turned positive in July – a sign that the company’s recovery from the coronavirus pandemic lockdowns is picking up. Shares jumped […]
Bill Ackman’s Pershing Square Holdings has gained on its 2019 market beat – at the end of March, it had a net gain of 3.3% while the S&P 500 was down 20%. Ackman considered liquidating the portfolio amid the coronavirus-induced meltdown. Instead, he turned $US27 million into $US2.6 billion using […]
Bill Ackman said in a Monday interview with Bloomberg TV that he recently bet $US2.5 billion that the US economy will recover quickly from the shock of the coronavirus pandemic. The Pershing Square Capital Management leader said he’s removed all hedges that he had in place to offset the coronavirus […]
Starbucks has reportedly agreed to provide the SEC further information about how it recognises revenue after questions over its accounting practices. Shares of the coffee-chain slid as much as 5.2% on the news. The slide comes shortly after shares declined when Starbucks said earnings wouldn’t grow as much in 2020 […]
Starbucks announced in a presentation Wednesday that it expects earnings growth to slow in fiscal year 2020. Shares fell as much as 3.5% on the news, the biggest intraday decline in seven months. Starbucks cited the lapse of a one-time tax benefit and normalized share repurchasing volume as reasons for […]
Millennials are buying Starbucks shares even as some on Wall Street have begun to sour on the coffee giant. Data from Robinhood, a free trading app popular amongst millennials, shows Starbucks is becoming more popular with its users. Watch Starbucks trade in real time here. Starbucks hasn’t had a great […]
Starbucks could be pricing itself out of the market, Bernstein warned clients on Tuesday. The firm says Starbucks coffee is priced about 38% higher than competitors, which is especially hurtful in the afternoon. With already high prices, Starbucks could struggle if the price of raw coffee beans increases. Follow Starbucks’ […]
Starbucks cut its sales-growth forecast on Wednesday to 1% from 3%. Shares plunged 8% on the news. Morgan Stanley downgraded the stock, slashing its price target to $US59 from $US72. Follow Starbucks’ stock price in real-time here. Starbucks on Tuesday lowered its third-quarter same-store-sales growth forecast to 1% from its […]
StarbucksChairman Howard Schultz announced he is stepping down. Starbucks investors and analysts seem to be saying two opposing things. Shares are down more than 2% on the news. But analysts are largely bullish. Watch Starbucks trade in real time here. Investors and analysts are taking divergent paths on Starbucks after […]
Starbucks is sliding in after-hours trading on Monday after Howard Schultz stepped down as chairman. It’s rumoured Schultz may run for President in 2020, but he says that’s not necessarily the case. Watch Starbucks trade in real time here. Starbucks shares are sliding in after-hours trading Monday, down 1.28%, after […]
More than half of Starbucks customers surveyed by UBS say they would find another Starbucks if their local store were to close. The bank says Starbucks is “still a star” when it comes to US coffee, and can return to healthy same-store sales levels this year. Caffeine addicts aren’t showing […]
Starbucks reported earnings that beat Wall Street’s per-share expectations on Friday, but missed on revenue targets. On a conference call following earnings, former CEO Howard Schultz said he was optimistic about blockchain and cryptocurrencies – but not bitcoin. Starbucks founder and former longtime CEO Howard Schultz remains unconvinced about bitcoin […]
Starbucks will report its earnings for the first quarter after the bell Thursday. Analysts expect the coffee chain to report earnings of $US0.57 per share on revenues of $US6.204 billion. Coffee giant Starbucks will report its first quarter earnings after markets close Thursday. Wall Street analysts expect the company to […]
Millennials are buying shares of Starbucks six times faster than they’re selling on the trading app StockPile. The coffee giant will report earnings after the closing bell Thursday. Millennials famously love their coffee. They also love buying stock in the US’ largest coffee chain, data from investing app Stockpile show. […]
Starbucks posted disappointing revenue numbers...
Starbucks will report fourth quarter earnings...
Half of Millennials under 24 polled in a...
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