Starbucks' earnings report was weak — but Wall Street expected worse
Publishing timestamp: 2024-01-31 10:05:59
Summary
Starbucks stock rose despite weak quarterly results and lowered sales outlook. Some investors were prepared for worse news and believe the challenges faced by the company are temporary. Starbucks executives blamed various factors for the disappointing results but expressed confidence in the company's ability to rebound. Analysts have mixed opinions, with some seeing the reaffirmed earnings forecast as a positive sign of the company's strength.
Sentiment: MIXED
Tickers: SBUX,
Keywords: business, retail industry, markets, breaking news: markets, earnings, china, restaurants, united states, starbucks corp, business news, breaking news: business,
Source: https://www.cnbc.com/2024/01/31/starbucks-weak-earnings-report-wall-street-expected-worse.html