Starbucks warned to chop customer wait times as sales start to slip [Yahoo! Finance]
Starbucks Corporation (SBUX)
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Source: Yahoo! Finance
There's nothing worse than a barista backup during morning rush — and as Starbucks sales sink in 2024 , experts are urging the coffee giant to speed up the process to boost customer loyalty. The coffee roaster reported plummeting profits for the first time in years last quarter, as the company faced boycotts and inflation The Seattle-based bean pusher has been fighting back with BOGO deals and value bundles in recent months. But industry experts reveal that it isn't just the high cost of product that is driving consumers away — it's the egregiously long wait. “There are gripes about wait times, the standard of service, and the ambience of cafes. To many, Starbucks feels somewhat less special than it once did,” Neil Saunders, the managing director of GlobalData, told Daily Mail , adding that the chain is “right to try to offer more value” in an attempt for retention. But lowering prices, he noted, is “basically an attempt to paper over the cracks,” suggesting that climbing w
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News
- ROSEN, LEADING INVESTOR COUNSEL, Encourages Starbucks Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – SBUXGlobeNewswire
- Nike Goes Back To Its Roots In Hopes Of Getting Back In Shape [Yahoo! Finance]Yahoo! Finance
- Investors in Starbucks Corporation Should Contact Levi & Korsinsky Before October 28, 2024 to Discuss Your Rights - SBUXAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Starbucks Corporation - SBUXAccesswire
- SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of StarbucksAccesswire
SBUX
Earnings
- 7/30/24 - In-Line
SBUX
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- SBUX's page on the SEC website