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Starbucks CEO set to announce strategy to fix the coffee chain
Business Insider· 2024-10-31 04:39
Starbucks' new CEO, Brian Niccol, is set to lay out plans to turn around the struggling coffee chain. "It is clear we need to fundamentally change our strategy to win back customers," he said Wednesday. The company released preliminary numbers last week. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics ...
Starbucks(SBUX) - 2024 Q4 - Annual Results
2024-10-31 04:07
财务业绩 - 全球同店销售下降7%,合并净收入下降3%至91亿美元,同比下降3%[2] - 北美地区收入疲软,美国同店销售下降6%,交易量下降10%,平均客单价上升4%[3] - 中国同店销售下降14%,平均客单价下降8%,交易量下降6%[3] - 全年同店销售下降2%,合并净收入增长1%至362亿美元,同比增长1%[4] - 全年GAAP每股收益3.31美元,同比下降8%;非GAAP每股收益3.31美元,同比下降6%[4] - 公司第四季度每股摊薄收益为0.80美元,同比下降24.5%[16] - 公司全年每股摊薄收益为3.31美元,同比下降7.5%[16] - 公司全年每股非GAAP收益为3.31美元,同比下降6.5%[16] - 公司全年每股非GAAP收益在汇率因素影响下下降5.6%[16] 股息政策 - 公司宣布将每季度现金股息从0.57美元提高至0.61美元,体现对长期增长的信心[5] 战略调整 - 新任CEO表示将制定"回归星巴克"计划,以重点关注核心业务并提升客户体验[6] - 公司暂停2025财年全年业绩指引,以便完成业务评估并制定关键策略[4] 其他 - 公司将于10月30日发布2024财年第四季度及全年财报[7] - 公司全年重组和减值成本为0.02美元[16] - 公司全年交易和整合相关成本为0.00美元[16] - 公司全年出售资产收益为-0.08美元[16] - 公司全年非GAAP调整的所得税影响为0.02美元[16]
Is This $181 Million Move Going to Move Starbucks Stock?
The Motley Fool· 2024-10-31 03:57
More than ever, the market needs a reason to believe in this company.Starbucks (SBUX -0.06%) is in front of its official fiscal 2024 fourth-quarter earnings release, and those numbers aren't going to look good. After all, the world received a big sneak preview last week with the coffee slinger's preliminary release of some key figures for the period. For the most part, they were concerning at best and frightening at worst.With new leadership pledging to return Starbucks to its roots as a cozy neighborhood c ...
Starbucks Likely To Report Lower Quarterly Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2024-10-31 03:01
Starbucks Corporation SBUX will release earnings results for its fourth quarter, after the closing bell on Wednesday, Oct. 30.Analysts expect the Seattle, Washington-based bank to report quarterly earnings at $1.03 per share, down from $1.06 per share in the year-ago period. Starbucks projects to report revenue of $9.37 billion for the recent quarter, compared to $9.37 billion a year earlier, according to data from Benzinga Pro.Starbucks recently reported preliminary financial results for the fourth quarter ...
Starbucks will discontinue Oleato olive oil drinks at U.S. cafes in early November
CNBC· 2024-10-30 23:08
Starbucks' controversial line of olive oil-infused drinks will leave U.S. stores in early November. The decision to remove the Oleato drinks from domestic menus predates newly installed CEO Brian Niccol, who arrived at Starbucks in early September, a company spokesperson said. However, it aligns with Niccol's strategy to simplify menus as part of a broader turnaround scheme to go "back to Starbucks," the spokesperson said. Bloomberg first reported the news of the drinks' departure. Starbucks is set to repor ...
STARBUCKS ALERT: Bragar Eagel & Squire, P.C. is Investigating Starbucks Corporation on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2024-10-30 09:00
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Starbucks Corporation (NASDAQ:SBUX) on behalf of long-term stockholders following a class action complaint that was filed against Starbucks on August 28, 2024 with a Class Period from November 2, 2023 to April 30, 2024. Our investigation concerns whether the board of directors of Starbucks have breached their fiduciary duties to the company. ...
Starbucks tells corporate workers to return to office or risk being fired
The Guardian· 2024-10-30 02:55
Starbucks office workers will risk losing their jobs if they fail to comply with the company’s hybrid work requirement that employees are in the office three times a week.According to the Wall Street Journal an internal message sent to employees warns that an “accountability process” will start in January 2025. Consequences for non-compliance are “up to, and including, separation”, according to the company message.“We are continuing to support our leaders as they hold their teams accountable to our existing ...
Starbucks threatens to fire employees who don't come to the office — just weeks after reportedly letting new CEO work from home
New York Post· 2024-10-29 23:07
Starbucks has reportedly warned corporate employees that they will lose their jobs if they don't report to the office three days per week — just weeks after sparking backlash for allowing its new CEO to work from his Southern California home. The Seattle-based coffeehouse chain will institute a new policy in January that will include a "standardized process" to hold employees accountable if they fail to adhere to the company's return-to-office policy, according to a memo that was circulated to one of the co ...
Starbucks Goes Back to Basics
The Motley Fool· 2024-10-29 02:49
The coffee chain drops some bad news early, while General Motors takes a victory lap. In this podcast, Motley Fool analyst Kirsten Guerra and host Mary Long discuss: Starbucks' bitter earnings; CEO Brian Niccols' barista-focused turnaround plan. Surprising beats from an old automaker. Then, Mary and Motley Fool analyst Tim Beyers discuss Instacart's "Caper Cart" technology and advertising business. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started in ...
Should You Buy, Sell or Hold Starbucks Stock Before Q4 Earnings?
ZACKS· 2024-10-29 00:41
Starbucks Corporation (SBUX) is slated to release fourth-quarter fiscal 2024 numbers on Oct. 30, after the closing bell. In the last reported quarter, the company's earnings met the Zacks Consensus Estimate. SBUX surpassed earnings estimates in one of the trailing four quarters, the average surprise being a negative 1.7%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. What the Zacks Model Unveils Our proven model does not conclusively predict an earnings beat for Starbucks this ti ...