Starbucks Faces Sales Slump But Analysts See Silver Lining With New CEO's Efficiency Strategy
Portfolio Pulse from Nabaparna Bhattacharya
Starbucks reported lower-than-expected Q4 revenues and a decline in global comparable store sales. Analysts have mixed views, with some seeing potential in the new CEO's efficiency strategy. Starbucks plans to improve customer wait times and shift promotional efforts, impacting future growth estimates.

October 31, 2024 | 6:08 pm
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Starbucks reported Q4 revenues below estimates and a decline in global comparable store sales. Analysts have mixed views, with some seeing potential in the new CEO's efficiency strategy. Starbucks plans to improve customer wait times and shift promotional efforts, impacting future growth estimates.
Starbucks' Q4 revenues were below expectations, and global comparable store sales declined. Analysts have mixed views, with some seeing potential in the new CEO's strategy to improve efficiency and customer experience. The company's plans to improve customer wait times and shift promotional efforts could impact future growth estimates. The stock is trading marginally higher, indicating a neutral short-term impact.
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