Starbucks disappoints after holiday drink sales lose steam
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Starbucks (SBUX) Blames Disappointing December Results on Gingerbread Lattes
January 26, 2018 11:34 AM ESTStarbucks (NASDAQ: SBUX) stock needed a double shot of espresso Friday, as shares slumped following disappointing December quarter results and guidance. With shares down 5 percent, investors may have reached for a double shot of something slightly stronger.
Concerns centered on decelerating sales, with comps increasing just 2 percent compared to the consensus of 3 percent. The low comp stoked worries about 2018 performance, though Starbucks said its still sees 3 to 5 percent comparable store... More
Piper Jaffray Remains Bullish on Starbucks Coffee (SBUX) Following 1Q Release
January 26, 2018 7:07 AM ESTPiper Jaffray reiterated an Overweight rating and $70.00 price target on Starbucks Coffee (NASDAQ: SBUX) following the company's 1Q earnings report. Results included operating earnings of $0.65 per share (vs. consensus at $0.57) driven in part by total revenues of $6.0 billion (vs. consensus at ~$6.19 billion).
The... More
