Starbucks Explores Partnerships In China Where Same-Store Sales Are 'Not Good': 8 Analysts Provide Q3 Takeaways
Portfolio Pulse from Priya Nigam
Starbucks Corp (NASDAQ:SBUX) reported downbeat fiscal third-quarter sales, with mixed analyst reactions. Despite the challenges, including lower-than-expected same-store sales growth and a tough market in China, several analysts maintained positive ratings and price targets. The company is exploring strategic partnerships in China to address these issues.
July 31, 2024 | 3:20 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Starbucks reported lower-than-expected Q3 sales, with challenges in same-store sales growth, particularly in China. Analysts have mixed ratings, with some maintaining positive outlooks and price targets. The company is exploring strategic partnerships in China to address market challenges.
Starbucks' Q3 results were below expectations, particularly in same-store sales growth. However, analysts have mixed views, with some maintaining positive ratings and price targets. The company's exploration of strategic partnerships in China could be a potential positive catalyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100