Starbucks (SBUX) shares up despite Q2 warning; Analysts explain why
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Starbucks (SBUX) PT Lowered to $112 at Barclays
January 31, 2024 3:39 AM ESTBarclays analyst Jeffrey Bernstein lowered the price target on Starbucks (NASDAQ: SBUX) to $112.00 (from $116.00) while maintaining a Overweight rating.... More
Starbucks (SBUX) PT Raised to $103 at Citi
January 31, 2024 3:19 AM ESTCiti analyst Jon Tower raised the price target on Starbucks (NASDAQ: SBUX) to $103.00 (from $102.00) while maintaining a Neutral rating.... More
Starbucks (SBUX) PT Lowered to $107 at JPMorgan
January 31, 2024 3:15 AM ESTJPMorgan analyst John Ivankoe lowered the price target on Starbucks (NASDAQ: SBUX) to $107.00 (from $108.00) while maintaining a Overweight rating.... More
Starbucks cuts sales view due to Middle East conflict, warns of weak Q2
January 30, 2024 4:06 PM ESTBy Deborah Mary Sophia
(Reuters) -Starbucks cut its annual sales forecast on Tuesday as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recovery in China were likely to dent its second-quarter performance.
The world's largest coffee chain also missed market expectations for first-quarter results, also due to slowing demand for its coffee and cold drinks in the United States.
Its shares, however, rose 4% after the bell, as Wall Street analysts and... More
Starbucks (SBUX) Misses Q1 EPS by 4c
January 30, 2024 4:06 PM ESTStarbucks (NASDAQ: SBUX) reported Q1 EPS of $0.90, $0.04 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $9.43 billion versus the consensus estimate of $9.62 billion.
Global comparable store sales increased 5%, driven by a 3% increase in comparable transactions and 2% increase in average... More