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SBUX
CNBC
20 days

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

1. Starbucks reported weaker-than-expected earnings and ongoing same-store sales decline. 2. Traffic improved each month but same-store sales fell for the sixth quarter. 3. Analysts note possible turnaround, citing CEO's comments and new service initiatives. 4. Concerns persist about the slower-than-expected recovery timeline outlined by investors. 5. New menu items and innovation may drive future sales growth.

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FAQ

Why Bullish?

Despite earnings miss, improving traffic and innovation strategies could boost sales.

How important is it?

The article highlights key analyst insights and potential shifts in consumer traffic for SBUX.

Why Long Term?

Turnaround strategies and new offerings may take time to yield significant results, as seen historically.

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