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 fell as the company reported a year-over-year decline in Q4 revenue and same-store sales, and suspended its 2025 guidance.
October 23, 2024 | 11:15 am
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Starbucks reported a decline in Q4 revenue and same-store sales, leading to a drop in share price. The suspension of 2025 guidance adds uncertainty.
The decline in Q4 revenue and same-store sales directly impacts Starbucks' financial performance, leading to a negative market reaction. The suspension of 2025 guidance introduces further uncertainty, likely contributing to the share price drop.
CONFIDENCE 100
IMPORTANCE 90
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