Previous close | 1.0900 |
Open | 1.1900 |
Bid | 0.7300 |
Ask | 1.3900 |
Strike | 115.00 |
Expiry date | 2025-01-17 |
Day's range | 1.1800 - 1.2600 |
Contract range | N/A |
Volume | |
Open interest | 2.13k |
Starbucks' decaf-like start to the year continues into the second quarter.
Starbucks (SBUX) reported disappointing second quarter results. Adjusted earnings per share of $0.68 fell short of the Street's $0.80 estimate. Net revenue of $8.56 billion missed expectations of $9.13 billion. The company reported a same-store sales decline of 4%, a 1.46% rise had been expected. In China, same-store sales fell 11% versus an expected decline of 1.62%. US same-store sales fell 3% compared to an expected gain of 2.31%. Yahoo Finance's Julie Hyman and Josh Lipton break down the coffee chain's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Starbucks on Tuesday reported weaker-than-expected sales in its fiscal second quarter as customer traffic dried up in many key markets. It was the first time since the end of 2020 that the company saw a drop in quarterly revenue. Starbucks said its same-store sales – or sales at stores open at least a year – dropped 4%.