Starbucks Corp (SBUX) seems to be facing a challenging business landscape coupled with internal shifts. With a reported ex-dividend trading occurring soon, investors are keeping a keen eye on the stock. The company's reported
quarterly earnings reflect a struggle in revenue, despite a simultaneous increase in the store count and a resulting workforce reduction.
Q4 results met estimates, however revenues reportedly lagged, with
comparative sales declining. Despite this, well-known analyst Jim Cramer appears bullish on SBUX, praising the new CEO as a dynamic 'turn-around' artist. The new CEO Brian Niccol is reportedly being pressed by activist group Elliott Management but is also exploring novel strategies including a 'China Lite' approach. In the midst of these challenges,
Starbucks is exploring options concerning their China business, which include a possible stake sale amid falling sales and increased competition. It's noted that
institutional owners hold the majority of SBUX's shares. In an interesting move, allegations of a
class action lawsuit have been filed against the corporation, and shareholders are advised to contact law firms.
Starbucks Corp SBUX News Analytics from Fri, 19 Jul 2024 07:00:00 GMT to Sat, 23 Nov 2024 09:59:16 GMT -
Rating -4
- Innovation 0
- Information 8
- Rumor -6
