Full Answer
Why did Starbucks raise prices?
Apr 04, 2022 · Why Starbucks Stock Was Falling Today. By John Ballard - Apr 4, 2022 at 2 ... but investors with a long-term focus could look at the drop …
Why Starbucks' stock could surge higher?
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 you should still buy SBUX stock?
Oct 29, 2021 · Shares of Starbucks ( SBUX -1.60% ) fell on Friday after the global coffeehouse chain warned of cost pressures and a slowdown in its most important growth market.
Why Starbucks' transactions are declining?
Jun 10, 2020 · Shares of Starbucks ( SBUX -3.72% ) 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...
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 coronavirus is taking a heavy toll on the coffee giant's business
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
What happened
Shares of Starbucks ( NASDAQ:SBUX) declined on Thursday after the global coffeehouse chain warned investors that COVID-19 could dent its sales by as much as $3.2 billion in the fiscal third quarter. As of 3:13 p.m. EDT, Starbucks stock was down more than 7%.
So what
Starbucks said on Wednesday that its comparable-store sales in the U.S. and China could fall as much as 20% in fiscal 2020, due to coronavirus-related store closures.
Now what
The next few quarters are likely to be challenging for Starbucks and many other restaurant chains, particularly if coronavirus case counts continue to rise rapidly. Starbucks is attempting to adapt to a post-pandemic world by closing underperforming stores and expanding its takeout, drive-through, and delivery offerings.
How much will retail traffic fall as the coronavirus outbreak grows?
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's happening
Shares of Starbucks ( NASDAQ:SBUX) opened sharply lower on Thursday, as growing concerns about the effects of the novel coronavirus pandemic on businesses and the economy drove a broad-based market sell-off.
So what
Like just about every business with a retail presence, Starbucks is exposed to the growing likelihood that customer foot traffic will decline sharply as people stay home to try to slow the spread of COVID-19.
Now what
For Starbucks investors, the thing to do now is to watch and wait. The company seems to have done what it can to be ready for a fast-growing pandemic; the question is, how long will it last?
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
