Welcome to our dedicated page for Starbucks news (Ticker: $SBUX), a resource for investors and traders seeking the latest updates and insights on Starbucks stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Starbucks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Starbucks's position in the market.
Starbucks reports Q2 fiscal 2024 results with consolidated net revenues down 2% to $8.6 billion due to a challenging operating environment. The GAAP and non-GAAP EPS were $0.68. Global comparable store sales declined by 4%, with North America and U.S. sales down by 3%. International sales also declined by 6%. The company opened 364 net new stores in Q2, ending with a total of 38,951 stores. Consolidated net revenues declined 2% to $8.6 billion. Starbucks reported a GAAP operating margin of 12.8%, a decrease of 240 basis points year-over-year. GAAP EPS declined by 14% to $0.68. Starbucks Rewards loyalty program 90-day active members totaled 32.8 million, up 6% year-over-year.
