Shares of Starbucks Corporation SBUX declined 4.2% in the after-hours trading session on Tuesday after the company reported disappointing preliminary results for the fourth quarter and fiscal 2024.
Starbucks disclosed preliminary Q4 results and suspended its guidance, but also extended its long history of dividend hikes. Here's what you need to know.
Shares fell after hours as the coffee chain also expects to report a decline in quarterly sales and profit. AFP via Getty Images At Starbucks, Niccol took over from Laxman Narasimhan, inheriting ...
Copyright 2024 The Associated Press. All Rights Reserved. FILE - A Starbucks mermaid logo sign is displayed on a store, May 29, 2024, in Salem, N.H. (AP Photo/Charles ...
Highlights,Starbucks Corp. sees sales decline for the third consecutive quarter.,The company has withdrawn its guidance for 2025 to allow the new CEO to devise a turnaround strategy.,Sales declined ...
Starbucks’sSBUX0.38%increase ... The world’s largest coffee chain missed expectations on earnings and sales for its fourth quarter and suspended its financial guidance for its next fiscal ...
The company said comparable sales ... Starbucks appointed Niccol in August. He was previously CEO at Chipotle. At the time, analysts said he could oversee major changes at the coffee chain.