Full Answer
Why did Starbucks raise prices?
Jan 21, 2022 · Why Did Starbucks Stock Drop This Month, And Where Does It Go From Here? Jan. 21, 2022 9:30 AM ET Starbucks Corporation (SBUX) 74 Comments 25 Likes Chuck Walston Marketplace Summary Increased union...
Why Starbucks' stock could surge higher?
Oct 29, 2021 · Rising labor costs could dent the coffee titan's profits. What happened Shares of Starbucks ( SBUX -1.75% ) fell on Friday after the global coffeehouse chain warned of cost pressures and a slowdown...
Why you should still buy SBUX stock?
Oct 29, 2021 · The slowdown in China and wage inflation served as additional negative catalysts for Starbucks stock. The company’s shares have already declined by more than 15% from the peak that was reached back...
Why Starbucks' transactions are declining?
Oct 29, 2021 · Why Starbucks Shares Are Falling Starbucks Corporation (NASDAQ: SBUX) shares are trading lower after the company reported worse-than-expected fourth-quarter sales results. Starbucks reported...
The ubiquitous coffee company provides preliminary estimates for the fiscal third quarter
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.
What happened
Shares of Starbucks ( NASDAQ:SBUX) have dropped today, down by 4% as of 2:30 p.m. EDT, after the company said revenue in the fiscal third quarter would take a hit of $3 billion to $3.2 billion due to the COVID-19 pandemic. The coffee slinger is also closing 400 stores over the next 18 months.
So what
In a letter to shareholders, Starbucks said that comparable store sales in the U.S. had started to recover as lockdown restrictions have eased in various states. Over 90% of company-operated stores were open at the end of May, with many of the locations operating with reduced hours. U.S.
Now what
Starbucks is accelerating its shift toward a new retail-store format that emphasize convenience, mobile order pickups, and curbside pickup in order to better accommodate shifting consumer preferences during the pandemic.
The coffee titan managed to keep its stores open, but it got more complicated as the month went on
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of Starbucks ( NASDAQ:SBUX) fell 16.2% in March, according to data provided by S&P Global Market Intelligence, as the coffee giant scrambled to respond to the COVID-19 outbreak in North America.
So what
Starbucks had an eventful month, making moves in North America roughly in step with the evolving response to the novel coronavirus pandemic in the U.S. and Canada.
Now what
Since the end of March, Starbucks has said that it will maintain its takeout-only policy in the U.S. and Canada through at least May 3, and that its employees in those regions will begin wearing masks at work.
What Happened
Starbucks reported its first quarterly loss in quite some time as quarantine hit its business severely. Earnings and sales fell by less than analysts expected, though still substantially. Same-store sales overall fell 40%, roughly in line with the 41% that analysts expected.
What to Look For
Starbucks Corp.'s ( SBUX) sales, earnings and stock price have fallen this year as the coronavirus pandemic has forced the global coffee house chain to close many of its stores and limit dine-in service at others. The company recently has been slowly reopening its stores in parts of the U.S., following strict government guidelines. 1
Who is John Rosevear?
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
Is Starbucks moving to Canada?
Starbucks said over the weekend that it is temporarily moving its stores in the U.S. and Canada to a "to go" operating model, meaning that it won't allow customers to sit and linger in its stores.
