Starbucks Halloween-Themed 'Wicked' Drinks Hit Stores Alongside New Movie Merch Amid Weak Q4 Prelim Results
Portfolio Pulse from Benzinga Neuro
Starbucks has launched Halloween-themed drinks inspired by the movie 'Wicked' amid weak Q4 preliminary results. The company reported a 3% decrease in net revenues and a 7% drop in global sales, leading to a 3.72% decline in stock price during pre-market hours.
October 23, 2024 | 1:27 pm
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Starbucks introduced 'Wicked' themed drinks amid weak Q4 results, reporting a 3% revenue drop and 7% sales decline. The stock fell 3.72% pre-market.
Starbucks' launch of themed drinks is overshadowed by weak Q4 results, including a 3% revenue drop and 7% sales decline, leading to a 3.72% stock price decrease. The negative financial outlook and suspension of 2025 guidance suggest short-term pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100