RH tumbles premarket after home furnishings firm posts wider-than-expected Q1 loss [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
first-quarter loss and warned of "challenging" conditions over the remainder of its current financial year. California-based RH, which sells luxury home furnishings, has been hit by a slowdown in the U.S. real estate market during a time of elevated borrowing costs that have pushed up mortgage rates. Although demand is expected to expand in the coming quarters, the business warned of headwinds to its operating environment until interest rates ease and the housing market begins to rebound. "We do expect the constantly changing outlook regarding monetary policy will continue to weigh on the housing market through the second half of 2024 and possibly into 2025," Chief Executive Gary Friedman told analysts in a post-results call. The statement comes after the Federal Reserve signaled earlier in the week that it expects to slash interest rates down from more than two-decade highs just once this year, as policymakers fretted over the prospect of sticky inflationary pressures. In March
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SBUX
Earnings
- 4/30/24 - Miss
SBUX
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/14/24 - Form 144
- SBUX's page on the SEC website