Recent reports provide an in-depth look into the current status of Starbucks Corp (SBUX). The company's Strategy Chief, Frank Britt, left after two years in his role. Quent Capital LLC increased its position in Starbucks (NASDAQ:SBUX) while Elliott Management took a sizable stake in the company. Questions abound about whether investors should commit capital to Starbucks. The firm's Q3 2024 sales fell, alongside a drop in same-store sales in both the US and China. Even so, the Starbucks Q3 Fiscal 2024 Earnings Call transcript showed the company met EPS of $0.93, despite revenue of $9.1 billion missing expectations. Starbucks also made changes to their global leadership structure and explored partnerships in China. Shares fluctuated in response to analyst ratings. The firm sold shares, and institutional owners own 74% of the company. Starbucks also announced new accessibility guidelines for its US stores. Despite a mixed Q3, the company assured an action plan was in place. The coffee retailer currently faces scrutiny but sees its intrinsic value potentially 34% above its share prices.
Starbucks Corp SBUX News Analytics from Tue, 21 Nov 2023 08:00:00 GMT to Sun, 04 Aug 2024 11:33:29 GMT -
Rating -2
- Innovation 3
- Information 8
- Rumor 3
