Starbucks (SBUX) Shares Up 7.6% Year-to-Date Despite Earnings Cuts
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowStarbucks Corporation (SBUX) shares have increased by 2.3% over the last year and 7.6% year-to-date. Guggenheim recently raised the share price target to $95 from $90 while maintaining a Neutral rating. They also lowered earnings projections for fiscal years 2026, 2027, and 2028 but increased the same-store sales growth estimate for Q2 to 4.8%. Jim Cramer has defended CEO Brian Niccol's turnaround strategy, emphasizing improvements in customer service and strategic store closures, demonstrating a commitment to enhancing the company’s market position.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Starbucks Corporation (SBUX)
Starbucks is the largest coffeehouse chain in the world, operating and licensing stores across dozens of markets.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier SBUX news
- Starbucks (SBUX) Launches Tipping Program and China Investment Deal
- Delta (DAL) and Starbucks (SBUX) Added to Deutsche Bank's List
- Starbucks' Turnaround Plans Face Resistance from Younger Consumers
- Starbucks Union Proposes New Contract Amidst Stalled Negotiations
- Howard Schultz Joins Tech Titans in Florida's Billionaire Bunker
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