$Starbucks(SBUX)$
The collapse of Starbucks is truly insane:
1. Company wide same store sales fell 4% and traffic fell 6% this quarter
2. In China, same store sales plunged 11% with an 8% decline in the average order
3. International same store sales FELL 6% while a 1.4% GAIN was expected
4. Management lowered revenue growth guidance from 7% to low-single digits
5. "Most loyal customers are looking for discounts"
What happened to Starbucks?
Even the company's most loyal customers are looking for discounts.
Consumers are cutting back on spending and expensive coffee is a luxury.
All while international sales have completely fallen off a cliff.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments