Starbucks Corp. (SBUX) has had a challenging Q4 end of 2024 wherein weak performance was reported across major markets, causing disappointment in preliminary results and the company had to
suspend its 2025 guidance. Despite this, the company has shown its confidence in future growth by
increasing its dividend to $0.61. A class-action suit has been filed against the company further compounding the negativity. However, Starbucks' stock remains a subject of interest and continues to be considered a
good investment by certain brokers who believe in the company's ability to bounce back. Amidst all this, Starbucks'
New CEO, Brian Niccol, renowned as a turnaround artist, will take charge, aiming for a comeback in the corporation's financial performance. Starbucks' latest move has been to hike its dividend payout, reflecting some optimism. Additionally, despite weak Q4 results, Starbucks has tried to engage customers with Halloween-themed drinks and fresh movie merch. With 76% of the company's control with institutional shareholders, Starbucks' future performance is much anticipated amidst challenging times.
Starbucks Corp SBUX News Analytics from Mon, 18 Mar 2024 07:00:00 GMT to Sat, 26 Oct 2024 18:52:35 GMT -
Rating -3
