SBUX May 2024 86.000 call
| Previous close | 0.0600 |
| Open | 0.0700 |
| Bid | 0.0000 |
| Ask | 0.2700 |
| Strike | 86.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.0600 - 0.0700 |
| Contract range | N/A |
| Volume | |
| Open interest | 307 |
CNN BusinessHoward Schultz wants Starbucks to fix its American business
Former Starbucks CEO Howard Schultz might’ve left the coffee giant several months ago, but he’s still offering critiques of the company he once ran.
ZacksBear of the Day: Starbucks (SBUX)
Analysts' negative revisions rolled in following the release of its latest quarterly results, with slowing sales becoming a thorn in the company's side.
- 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
