International coffee chain is down more than 10% in after market trading with these reports:
EPS $0.68 actual vs Est. $0.80 expected (15% miss)
Sales $8.56B vs Est. $9.13B (6% miss)
Are too many people making their coffee at home?
I personally don’t think will stay down for good. They have such a strong hold in their segment. I believe this is a great buying opportunity and they will eventually bounce back.
Not a bad answer! I’ll have to look for it but I saw a stat that was like Starbucks returns with Howard Shultz as CEO: 30%, without Howard: 6%
Can anyone else steer this company right?
I guess so, I'm seeing this trend a lot around me. I think people started to realize they can live without take out around COVID time and disposable spendable incomes are shrinking in this high inflationary/recessionist environment.