Shares of Starbucks (SBUX) were down roughly 4% yesterday during after-hours trading, but they’ve leveled off this morning since the market opened and are relatively flat on the day. This all comes after the company reported quarterly earnings that left much to be desired. A profit of 80 cents per share was a massive [...]
Starbucks (SBUX) let CEO Laxman Narasimhan go barely a year into the job, replacing him with previous Chipotle Mexican Grill CEO Brian Niccol. After the stock lost as much as 20% through 2024, this was the turnaround investors had been desperate for. The stock gained 23% on the news. The news sent Chipotle shares [...]
Starbucks (SBUX) investors have patiently awaited the overthrow of now-former CEO Howard Schultz - and it appears that the wait is over sooner than expected. New CEO Laxman Narasimhan took the throne approximately two weeks earlier than expected. As a result, he’s going to make his first public address as the company’s leader in [...]
Everyone’s favorite coffee giant - Starbucks (SBUX) - is on track for its greatest single-day percentage increase since February 2020 - right before the pandemic restrictions set in. So far, the stock is up 10% in Friday morning trading. How did we get here? Yesterday after market hours, Starbucks quietly released its fiscal fourth-quarter [...]
