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Starbucks Stock Slides

Shares of Starbucks ( SBUX -7.05%) were heading lower today as the coffee chain reported disappointing results in its fiscal second-quarter earnings report last evening, though management said it continued to make progress in its turnaround strategy. As of 11:30 a.m. ET, the stock was down 7%.

Investopedia on MSN · 20h

Starbucks Stock Slides as Revenue, Profit Miss Estimates

Starbucks (SBUX) reported fiscal second-quarter revenue and earnings that missed analysts’ expectations, sending shares lower in extended trading Tuesday. The coffee giant reported revenue of $8.76 billion,

TheStreet on MSN · 2h

Starbucks misses earnings estimates as turnaround continues

Same-store sales fell for the fifth straight quarter.

Starbucks Posts Lower 2Q Profit

Associated Press News on MSN · 18h

Starbucks says turnaround is on track, but quarterly earnings and sales fall short

But those efforts have been costly. Starbucks said its net income dropped 50% to $384 million in its fiscal second quarter. Adjusted earnings fell nearly 40% to 41 cents per share. That was lower than the 49-cent per share profit Wall Street forecast.

Business Insider on MSN · 20h

Starbucks CEO says it's making progress on turnaround. Sales are still falling

Starbucks missed estimates for second-quarter results, yet CEO Brian Niccol promised more changes to the coffee chain's stores.

MarketWatch · 21h

Starbucks Posts Lower 2Q Profit as Same-Store Sales Fall Again

Global same-store sales, which account for store openings and closings, fell 1%, marking the fifth consecutive quarterly decline. Wall Street expected comparable sales to slip 0.8

1hon MSN

These Stocks Are Moving the Most Today: Super Micro, Nvidia, Tesla, Starbucks, Seagate, Norwegian, First Solar, Snap, and More

Super Micro issues a fiscal third-quarter forecast well below previously issued guidance, Nvidia and Tesla shares decline, ...

2hon MSN

Starbucks to hire thousands of baristas, scale back automation in bid to win back customers

The decision to increase staffing follows pilot tests in a limited number of stores shortly after CEO Brian Niccol joined the ...

18hon MSN

Starbucks earnings disappoint as CEO Niccol's strategy faces US hurdles

Starbucks faces challenges in reviving its business, CEO Brian Niccol said on Tuesday, after the coffee giant posted ...

12m

Starbucks CEO on stock slide and turnaround: Fixing what's broken will take time

Starbucks ( SBUX) CEO Brian Niccol says he needs more time to show a clear turnaround to investors, but there are signs of early progress.

19hon MSN

Starbucks is staffing up its stores with baristas and ditching machines in the latest stage of its turnaround

Starbucks is investing in more baristas and hours for them in the latest chapter of its turnaround, CEO Brian Niccol said.

17hon MSN

Starbucks to beef up store staffing, go slow on automation rollout

Starbucks will invest more in staffing and less on equipment, including an automation system that it previously touted, CEO ...

17h

Starbucks CEO’s turnaround isn’t happening fast enough for Wall Street

CEO Brian Niccol thinks it is. Wall Street is not so sure. Starbucks brought on Niccol in September to liven up the ...

17hon MSN

Starbucks is embracing Euro vibes and exploring an aperitivo menu

Starbucks announced Tuesday that it is exploring an aperitivo menu featuring "sparkling beverages, sippable coffee drinks, ...

21hon MSN

Starbucks Says It’s Making Progress on Quest to Fulfill Orders Faster

The coffee chain says its new tech can cut in-store wait times by two minutes, as it has been struggling with slowing sales.

41mon MSN

Starbucks opens first 3D printed store this week. Where it is and how it works.

The 1,400-square-foot Starbucks in Brownsville, Texas, is slated to open on May 2. Here's what we know about it.

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Starbucks Stock Slides

Starbucks Posts Lower 2Q Profit

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