Starbucks shares are trading lower after the company reported a year-over-year decline in Q4 revenue results and same-store sales. The company also suspended 2025 guidance.
Portfolio Pulse from Benzinga Newsdesk
Starbucks shares are trading lower following a year-over-year decline in Q4 revenue and same-store sales.
October 22, 2024 | 8:10 pm
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Starbucks reported a decline in Q4 revenue and same-store sales year-over-year, leading to a drop in its share price.
The decline in Q4 revenue and same-store sales is a negative indicator for Starbucks' financial performance, leading to a decrease in investor confidence and a drop in share price. This news is highly relevant and important for investors as it directly impacts the company's financial health and market perception.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100