Starbucks Aktie News

Starbucks (NASDAQ: SBUX ) shares fell hard overnight after earnings missed estimates and the company cut its forecast for the year. Net income of $772.4 million, or 68 cents per share, came in down from a year ago.

Starbucks stock plunged out of the gate Wednesday after the coffee chain reported earnings. Here's what you need to know.

Starbucks Corp (NASDAQ:SBUX) stock is down 14.7% to trade at $75.48 at last check, after the coffee chain announced a fiscal second-quarter earnings and revenue miss, and cut its 2024 profit and sales forecast.

Starbucks shares plunged 15% in early trading Wednesday after the Seattle-based java giant reported weaker-than-expected quarterly earnings and warned that its cafes will continue to underperform in 2024.

America's largest caffeinated beverage export Starbucks Corp (NASDAQ:SBUX, ETR:SRB) faced a post-market reckoning after a roundly disappointing second quarter. Consolidated net revenues decreased by 2% year on year to $8.6 billion, slightly down from last year, with China posting a particularly underwhelming 11% sales decline.

Stocks, which were down all-day Tuesday, saw accelerated selling into the close. When the day finally came to an end, the S&P 500 was down 1.6% and the Nasdaq Composite was off 2%. The selloff was widespread with all eleven sectors of the S&P down on the day. For the month, the S&P 500 was down 4.2%, its worst month since September. The Nasdaq Composite dropped 4.4%.

Starbucks (SBUX) posted quarterly earnings and revenue that came up short of Wall Street expectations amid an unexpected decline in both U.S. and international same store sales, news that sent the coffee chain's shares sharply lower in premarket trading Wednesday.

Starbucks Corp. (NASDAQ: SBUX) posted poor quarterly results, and its stock fell.