Categories AlphaGraphs, Consumer

Starbucks Corp (SBUX): What brewed in Q3

Starbucks Corporation (NASDAQ: SBUX) reported third-quarter financial results after the closing bell on Tuesday. In Q3, the company reported narrower-than-expected losses on revenues that surpassed Wall Street projections.

SBUX shares rose 3.16% immediately following the announcement. The stock has declined by 16% since the beginning of this year.

Starbucks Corp Q3 2020 earnings

Starbucks CEO Kevin Johnson said in a statement, “As we continue to drive the recovery, we are also building resilience for the future by accelerating the transformation of our business in ways that will elevate the customer and partner experience and drive long-term growth.”

Prior performance

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Leave a Reply

Your email address will not be published. Required fields are marked *

Add Comment
Loading...

Cancel
Viewing Highlight
Loading...
Highlight
Close
Top