Ticker delayed 20 minutes
Avg Daily Volume: 14,363,590 Market Cap: 74B Sector: Services Short Interest: 1.66 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .34/share REV: 5,890/M
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LAST QTR: EPS: .76/share ACTUAL: .79/share (BEAT)
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NEXT QTR: EPS: .10/share REV: 4,880/M
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FULL YR: EPS: 1.80/share REV: 24,460/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 42% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -3.38, 3.59, 9.6
EXPECTED JUMP MOVE: 8-10%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Three key announcements came from Starbucks this week as a major transformation is underway.
Niccol, the former Chipotle Mexican Grill head, who is four months into his new role at Starbucks has set forth a raft of measures to improve the coffee chain’s business, which took a hit from increased competition and weakening demand in the U.S. and China. “Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work,” Niccol said in a statement, adding that he will examine the role, structure and size of support teams globally.
Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff. In a letter to employees, Starbucks Chairman and CEO Brian Niccol said the Seattle coffee giant needs to ensure all work has a clear and accountable owner who can make decisions. “Our size and structure can slow us down, with too many layers, managers of small teams and roles focused primarily on coordinating work,” Niccol wrote.
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.
Hobson previously served as the chairwoman of Starbucks from March 2021 to September 2024, making her the only African American woman to chair a Fortune 500 company at the time of her appointment. “In two decades, I have never sold a single Starbucks share and plan to remain a steadfast investor,” Hobson said in a letter dated Jan. 14. She informed Starbucks earlier this week of her decision to not stand for re-election at the upcoming annual shareholders’ meeting, according to a filing by the company.
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