Starbucks (SBUX) shares up despite Q2 warning; Analysts explain why
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Go back to Starbucks (SBUX) shares up despite Q2 warning; Analysts explain why
January 31, 2024 3:39 AM EST
Barclays analyst Jeffrey Bernstein lowered the price target on Starbucks (NASDAQ: SBUX) to $112.00 (from $116.00) while maintaining a Overweight rating.... More
January 31, 2024 3:19 AM EST
Citi analyst Jon Tower raised the price target on Starbucks (NASDAQ: SBUX) to $103.00 (from $102.00) while maintaining a Neutral rating.... More
January 31, 2024 3:15 AM EST
JPMorgan analyst John Ivankoe lowered the price target on Starbucks (NASDAQ: SBUX) to $107.00 (from $108.00) while maintaining a Overweight rating.... More
January 30, 2024 4:06 PM EST
By Deborah Mary Sophia
(Reuters) -Starbucks cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recovery in China were likely to dent its second-quarter performance.
The world's largest coffee chain also missed market expectations for first-quarter results, also due to slowing demand for its coffee and cold drinks in the United States.
Its shares, however, rose 4% after the bell, as Wall Street analysts and... More
January 30, 2024 4:06 PM EST
Starbucks (NASDAQ: SBUX) reported Q1 EPS of $0.90, $0.04 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $9.43 billion versus the consensus estimate of $9.62 billion.
Global comparable store sales increased 5%, driven by a 3% increase in comparable transactions and 2% increase in average...
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