Starbucks earnings disappoint as U.S. boycott, ‘cautious’ China weaken sales
Publishing timestamp: 2024-01-30 18:08:48
Summary
Starbucks reported quarterly earnings and revenue that missed expectations due to "headwinds" including a U.S. boycott and cautious Chinese consumers. Global same-store sales fell short of estimates. The company lowered its full-year revenue outlook and revised its sales outlook for fiscal 2024.
Sentiment: NEGATIVE
Tickers: SBUX,
Keywords: dividends, retail industry, business, markets, breaking news: markets, earnings, china, restaurants, united states, starbucks corp, breaking news: earnings, business news, breaking news: business,
Source: https://www.cnbc.com/2024/01/30/starbucks-sbux-q1-2024-earnings.html