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Starbucks (NASDAQ: SBUX) Q4 2024 Earnings Call Oct 30, 2024, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants. Prepared Remarks: Operator. Good afternoon. My name ...
Non-GAAP operating profit margins fell 380 basis points from the prior year to 14.4%. ... Starbucks shares ended 2024 down 5% compared to a 23% advance for the S&P 500 .
SBUX earnings call for the period ending June 30, 2024.
On August 13, 2024, Niccol was named the incoming chairman and chief executive officer of Starbucks. [34] [35] [36] Niccol replaced Mellody Hobson as the chairman and Laxman Narasimhan as the CEO. [2] On the day of the announcement, shares of Starbucks gained 24.5%. [36] Niccol received a starting salary of $1.6 million and a $10 million ...
On April 29, 2024, Starbucks announced its official entry to Ecuador and Honduras in mid-year and late 2024, respectively. [257] On August 14, 2024, Starbucks commenced operations in Ecuador, with its first location in the country at Scala Shopping Mall in Quito. The company announced the plans of opening four more cafes in the capital city ...
Starbucks reported its fiscal Q3 earnings report as an activist investor is knocking on its door. ... It expects 2024 global revenue growth of low-single digits, down from the previous range of 7% ...
Starbucks' same-store sales — or sales at locations open at least a year — fell 4% compared to the same period last year. The decline was less than the 5.5% analysts anticipated, according to ...
Unfortunately, Starbucks (NASDAQ: SBUX) investors haven't fared so well. Shares of the coffee chain stock have plummeted by 22% so far in 2024, vastly underperforming the broader market.