Starbucks' Earnings Estimates Southbound: Time to Sell the Stock?
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Starbucks is facing near-term challenges with declining traffic and weak comparable sales in key markets such as the United States and China, leading to southbound earnings estimates.
November 26, 2024 | 7:30 pm
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Starbucks is experiencing declining traffic and weak comparable sales in the US and China, leading to reduced earnings estimates.
The article highlights significant challenges for Starbucks, including declining traffic and weak sales in major markets like the US and China. These factors are leading to reduced earnings estimates, which is likely to negatively impact the stock price in the short term.
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