Anyone with a brain could see this coming. they played politics and it burned them. the anti trump rhetoric by their CEO ran many people off. Too bad they think its their responsibility to attempt to influence people instead of just freakin serve coffee.
LMAO what a textbook example of the perils of mixing business and politics. Howard took a fabulous business and alienated over 40% of the US with one statement!! Why would you EVER motivate a passionate political supporter to look elsewhere for a cup of coffee? How can a guy be so brilliant and dumb at the same time ? He can rationalize his statement all day long , but it is undeniable that it was a unwise business decision. He better hope China is the gold mine he thinks it is !
Of the 3,300 layoffs, how many will be refugees?
This seems to be a typical pattern with SBUX. Stock edges up over time then gets whacked at earnings giving it all back. Over reaction imo and it will soon creep back up once again. GLTA
Closing the Tea stores, stock should go down 20 to 25% because of this.
The Starbucks across the street used to have lines at it, now the employees about number the patrons there and a number of vagrants. Rewards program has been chinchy and prices high enough that people are going else where
Peeps are boycotting sbux because of the hiring preference of muslims over vets. Sbux does not want to say it.
Maybe they should stop being so political. That's why I stopped buying from them. I'm sure many other people feel the same way.
Another never trumper bites the dust
Nice acquisition Schultz
Good to see this liberal septic tank going DOWN....
look for slow same store growth in numbers out tonight. SBUX has a issue of lack of people in stores!
SBUX would be best served to get back to the basics; CLEAN up the stores improve ( AND TEACH ) better customer service and get rid of the barista nose in the air attitudes.How about slimming down the menu and offering not just "fair trade shade grown, organic bird friendly, politically correct and shoot yourself and save the world cuppa " but how about a basic cup of dark roast at a tad under the cost of a house mortgage. When that day arrives MAYBE I'll think about doing business with you again.
Wait until all the sell recommendations start coming out
I hate SBUX because I have to wait in line forever to get a freaking 4 dollar cup of 50 cent coffee. I am done with them.
Closing up all the tea shops they bought, ouch!
Wait until institutional holders try to bail in morning! Ouch
Closing the Tea, can't say didn't see it coming...they were never busy and recently they closed the one at Wilshire and Santa Monica right in the heart of Beverly Hills.
Getting rid of Teavana is good thing. why keep losers. Stops the red ink
Cramer' street.com is saying those numbers sucked! Lol
Dominant in the space..... lots of people in stores ..... need to still figure out better way to process the large number in each store..... big growth over seas..... I'll stay long