Starbucks shares fell nearly 3% in premarket trading

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Starbucks shares fell nearly 3% in premarket trading

Tiger Newspress2022-02-02

Starbucks shares fell nearly 3% in premarket trading.Starbucks Corp will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases prompted the coffee chain on Tuesday to lower estimates for profits this year.

The company missed estimates for quarterly profits and comparable sales as the fast-spreading Omicron variant also led to delayed office reopenings and new restrictions in China, the company's fastest growing market.

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Jas111
·2022-02-03
Wow
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2
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Handoko
·2022-02-03
👌🏻
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Tek long
·2022-02-02
?
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2
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stsockli
·2022-02-02
Thanks for sharing
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3
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Mml
·2022-02-02
Hmm
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2
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clingling
·2022-02-02
Hmm
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4
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wywy
·2022-02-02
knee jerk reaction
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5
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InvisibleP
·2022-02-02
Time to buy?
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NBAl
·2022-02-02
Gone is the time when I was bullish on Starbucks.They need to up the future prospects and increase the Moat
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9
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FlySKY
·2022-02-02
like
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buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9091180885","repostId":1194281548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9091115572,"gmtCreate":1643802418307,"gmtModify":1676533857822,"author":{"id":"3582610336531043","authorId":"3582610336531043","name":"NBAl","avatar":"https://static.tigerbbs.com/de8d0324ec977b11182ed837042b62e1","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582610336531043","authorIdStr":"3582610336531043"},"htmlText":"Gone is the time when I was bullish on Starbucks.They need to up the future prospects and increase the Moat","listText":"Gone is the time when I was bullish on Starbucks.They need to up the future prospects and increase the Moat","text":"Gone is the time when I was bullish on Starbucks.They need to up the future prospects and increase the 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