✉️ You’re Invited: Claim Your Seat at The Dark Pool Summit(Free Event)
On Wednesday, December 13, one of Wall Street’s former top deal makers will reveal a hidden corner of the market few people ever get to see – a place known simply as the Dark Pools (RSVP now). It’s where you can see the world’s biggest money flows in real time, before they move the market. Imagine what you could do with that kind of intel… but the thing is, you don’t have to. Jason Bodner will show you in this special (free) event. Go here now to claim your seat.
Starbucks (SBUX) is having one heck of a month – and we believe this could just be the beginning of the coffee giant’s troubles.
SBUX started November on a high note, rallying on a better-than-expected earnings report that featured:
✓ Record consolidated net revenues of $9.37 billion, up 11% year-over-year
✓ Earnings per share (EPS) of $1.06, handily beating the 97 cents Wall Street was expecting
✓ Comparable same-store sales growth of 8% (globally as well as in North America)
But the excitement was short-lived, and SBUX quickly reversed into a record 12-day slump that took the stock down about 12% from those November highs…
Despite the strong performance – driven by higher-priced drinks – Starbucks’ forecast for fiscal 2024 was cautiously optimistic. The company projected modest same-store sales growth of 5% to 7%, a slight dip from its long-term forecast that indicated a tempering of expectations.
A third-party report then came out with slowing November sales data for Starbucks, suggesting its holiday sales season may be even more tepid than first thought.
Talk about a rollercoaster.
Starbucks hadn’t seen a decline like this in its 30-plus years of trading.
But while the immediate stock performance grabs headlines…
We believe Starbucks’ losing streak – as bad as it is – could be overshadowing even deeper, more systemic issues within the company.
From degrading consumer metrics to rising competition in China, our analysis suggests that Starbucks is facing more profound challenges that could shape its future.
For years, our consumer insights machine has helped investors like you find winners like Celsius (CELH), Roku (ROKU), and Crocs (CROX), long before they hit the mainstream. That same system got a major AI upgrade this year – and now, Landon and I are revealing its biggest predictions for 2024. You won’t want to miss this.
Get Instant Access
Click to read these free reports and automatically sign up for research throughout the week.
