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Saleh named Starbucks one of his top first-half 2025 picks, assigning a $115 price target. The target assumes about 30% upside from current levels. The average sell-side price target on Starbucks ...
Starbucks’ model has radically changed since its start as a sit-down coffee shop. Mobile app and drive-thru orders make up more than 70% of Starbucks’ sales at its approximately 9,500 company ...
This is Starbucks' first quarterly sales decline since 2020, when COVID shutdowns roiled the industry. ... International: -3%, compared to up 7% in Q2 2023. Ticket size growth: 2% versus 2.41%.
For its fiscal 2024 guidance, Starbucks' global and US same-store sales are expected to increase 4% to 6%, both down from the previous range of 5% to 7%. Shares ended Wednesday's trading session ...
Starbucks posted mixed fiscal third-quarter results on Tuesday after market close. Starbucks misses Q3 comparable same-store sales estimates, China sees 46% sales growth [Video] Skip to main content
Sales in China fell 29%, driven by a 28% decline in comparable transactions and 1% decline in the average ticket. Despite the headwinds from China, Starbucks reaffirmed its 2023 full year guidance.
In the U.S., Starbucks saw its same-store sales fall 2% compared to a 7% increase a year ago. Traffic to its stores fell by 6%, while the average ticket price increased by 4%.
Starbucks expects same-store sales growth between 4% and 6% in China in the coming fiscal year, up from 2% in the 2023 fiscal year. “We feel good about the overall returns that we’re getting ...