https://www.newsweek.com/starbucks-market-loss-boycotts-strikes-red-cup-day-1849713

  • Ultimate Communist@lemmygrad.ml
    ·
    1 year ago

    Within the span of 19 calendar-days, since its November 16 Red Cup Day promotion, shares of Starbucks have plummeted 8.96 percent, which equates to a nearly $11 billion loss, amidst analysts' reports of slowing sales and a subdued response to the holiday season's offerings.

    • lps2@lemmy.ml
      ·
      1 year ago

      ....you're proving my point - this has nothing to do with the war in Gaza and everything to do with low Q4 consumer spending and ridiculous expectations that jumped the stock by as much or more in November. They aren't even down to where they were just over a month ago