Starbucks Corporation (SBUX.MX)
| Previous close | 1,273.74 |
| Open | 1,272.44 |
| Bid | 1,246.24 x 499900 |
| Ask | 1,260.97 x 506500 |
| Day's range | 1,240.00 - 1,282.99 |
| 52-week range | 1,240.00 - 1,917.40 |
| Volume | |
| Avg. volume | 2,086 |
| Market cap | 1.405T |
| Beta (5Y monthly) | 0.97 |
| PE ratio (TTM) | 20.16 |
| EPS (TTM) | 61.52 |
| Earnings date | 30 Jul 2024 - 05 Aug 2024 |
| Forward dividend & yield | 38.80 (3.05%) |
| Ex-dividend date | 16 May 2024 |
| 1y target est | N/A |
- Yahoo Finance Video
Starbucks needs better price incentives on its menu: Analyst
Starbucks (SBUX) stock has dove lower this week after the beverage giant missed second-quarter earnings estimates, the stock's worst post-earnings performance since 2000. Citi Bank Restaurant Sector Analyst Jon Tower joins Catalysts to discuss how Starbucks can turn its performance around and recover losses. "[Starbucks] is effectively, by footprint, the second-largest brand in the United States from a restaurant standpoint," Tower explains, "and the second largest brand probably needs to have a value offering on their menu." He believes that the rising cost of Starbucks' food and beverages is likely causing sales to drop among the average consumer, and the company should start rolling out incentives to get them to return regularly. "What they're charging is not an alluring proposition to the average customer," he adds, pointing to a greater need for cost-cutting measures in Starbucks' greater business model if price easings are not enacted. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
CNN BusinessRestaurants are competing for frugal diners’ dollars
Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, it feels like a battle to get them to spend.
Insider MonkeyStarbucks (SBUX) Experienced Revenue Headwinds in Q1
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During 1Q, U.S. stocks made significant gains due to steady economic growth, decreasing inflation, and a slightly weaker labor market, increasing the likelihood of a soft landing. […]
