Starbucks Corp (SBUX) has seen a series of developments including named
Brian Niccol as new
CEO and
Chairman, sparks environmental backlash due to his usage of company jet. Amidst this, the stock has seen underperformance against competitors. Nevertheless, there seem to be reasons to be optimistic about the company's potential turnaround, making it an attractive option for investors. The appointment of the new CEO has also sparked some controversy over alleged wrongdoings and ensuing investigations. Despite such turbulence, Starbucks has remained a trending stock with analysts endorsing it as a top
Restaurant Stock and
Dividend Stock. However, there were dips in sales both in the U.S. and China. SBUX reported Q3 fiscal and Q2 fiscal results of 2024. The new CEO has previously faced criticism for his 1,000-mile private jet commute. The company's value has seen a surprising 24% rally followed by a 21% fall. The company is restructuring its global leadership and announced the launch of new handcrafted iced energy beverages. However, it is under pressure by
Elliott Management over certain issues. The company reported earnings, and it is still considered an undervalued stock with strong institutional backing.
Starbucks Corp SBUX News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sun, 25 Aug 2024 19:30:15 GMT -
Rating 2
- Innovation 7
- Information 5
- Rumor -3
