Starbucks (NASDAQ: SBUX) missed Q2 FY25 expectations, prompting Goldman Sachs to downgrade the stock to Neutral with a lower price target of $85. Analysts cite soft North America sales, declining consumer sentiment, and ongoing macroeconomic pressures as key concerns.
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Shares of coffeehouse chain Starbucks (NASDAQ:SBUX)
fell 10.2% in the pre-market session after the company reported disappointing first-quarter 2025 results as its revenue, EPS, and EBITDA fell short of Wall Street's estimates. The key highlight for the quarter was the drop in global same-store sales, with North America dragging results down due to a 4% decline in transactions despite a higher average spend per order.
This dip in volume led to flat sales in the U.S. and a mere 2% growth globally, with the modest revenue gain largely driven by the opening of 213 new stores rather than demand at existing ones.
Overall, this was a softer quarter.
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Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.
Starbucks Corp (NASDAQ:SBUX) shares are facing heavy selling pressure Wednesday morning after the company reported worse-than-expected results for the second quarter.
Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
U.S. stock futures are down Wednesday morning, despite major averages ending up on Tuesday, and the S&P 500 and Dow Jones notching their sixth-straight day in the green, the longest streak for the indexes in months.
