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SBUX Jun 2024 80.000 put
| Previous close | 0.94 |
| Open | 5.30 |
| Bid | 7.55 |
| Ask | 7.70 |
| Strike | 80.00 |
| Expiry date | 2024-06-21 |
| Day's range | 4.00 - 7.70 |
| Contract range | N/A |
| Volume | |
| Open interest | 9.51k |
- Yahoo Finance Video
Starbucks CFO on sales decline: 'We didn't respond fast enough'
Starbucks (SBUX) shares plummeted in its worst intra-day move since 2020 following disappointing second quarter guidance that fell short of Wall Street's expectations. Starbucks CFO Rachel Ruggeri tells Seana Smith and Brooke DiPalma that the beverage giant "didn't respond fast enough" to the decline in sales as the number of occasional customers dropped. She points to upcoming digital initiatives, like the rewards program and in-app offers, that will seek to engage more customers and drive sales. As the company's shares continue to drop, Ruggeri says Starbucks is not considering price cuts, and is instead focused on "investing" in its rewards program. "When we bring customers into the program, we know that their lifetime value increases. They spend more money and they come more frequently. So we see that as our biggest opportunity," she says. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
Fed decision, Amazon earnings, Starbucks sales: 3 Things
US stocks (^DJI, ^IXIC, ^GSPC) saw their worst monthly performance of this year in April ahead of the Federal Reserve's next interest rate policy decision on Wednesday afternoon. The market is under pressure this morning as equities search for clarity in the Fed's messaging for future FOMC meetings. Amazon (AMZN) posted stellar first-quarter earnings results boosted by its AI and AWS cloud segments. Lastly, Starbucks (SBUX) stock tumbles in Wednesday pre-market trading after the coffee chain missed first-quarter earnings estimates and revealed declining same-store sales figures. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Starbucks stock sinks on earnings miss, same-store sales drop
Starbucks (SBUX) reported disappointing second quarter results. Adjusted earnings per share of $0.68 fell short of the Street's $0.80 estimate. Net revenue of $8.56 billion missed expectations of $9.13 billion. The company reported a same-store sales decline of 4%, a 1.46% rise had been expected. In China, same-store sales fell 11% versus an expected decline of 1.62%. US same-store sales fell 3% compared to an expected gain of 2.31%. Yahoo Finance's Julie Hyman and Josh Lipton break down the coffee chain's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
