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Stockreport

Fast food chains lean into value this summer. Will it be enough to boost their lagging stocks? [Yahoo! Finance Canada]

Starbucks Corporation (SBUX)  More Company Research Source: Yahoo! Finance Canada
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
been leaning into value deals this summer in hopes of getting Americans to visit their restaurants more often and spend more when they do. It's an attempt to turn around the narrative that fast food has gotten too expensive. Quick-service restaurant sales have finally started to flag after chains hiked prices over the past few years to offset higher labor and commodity costs, deterring diners , especially lower-income consumers. That shift has been reflected in the hit to restaurant stocks this year. Shares of McDonald's and Wendy's ( WEN ) are both down 13% year to date, while shares of Burger King parent Restaurant Brands International are down 11.3% and YUM! Brands is up just 1%. ADVERTISEMENT Starbucks ( SBUX ), which calls itself an affordable luxury, is now struggling to encourage investors it still is, with shares down 18% in 2024. The S&P 500 ( ^GSPC ), meanwhile, is up nearly 15%. Enter value meals — which Wall Street pros say could boost foot traffic but lower marg [Read more]
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Stockreport

Fast food chains lean into value this summer. Will it be enough to boost their lagging stocks? [Yahoo! Finance Canada]

Starbucks Corporation  (SBUX) 
More Company Research Source: Yahoo! Finance Canada
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
been leaning into value deals this summer in hopes of getting Americans to visit their restaurants more often and spend more when they do. It's an attempt to turn around the narrative that fast food has gotten too expensive. Quick-service restaurant sales have finally started to flag after chains hiked prices over the past few years to offset higher labor and commodity costs, deterring diners , especially lower-income consumers. That shift has been reflected in the hit to restaurant stocks this year. Shares of McDonald's and Wendy's ( WEN ) are both down 13% year to date, while shares of Burger King parent Restaurant Brands International are down 11.3% and YUM! Brands is up just 1%. ADVERTISEMENT Starbucks ( SBUX ), which calls itself an affordable luxury, is now struggling to encourage investors it still is, with shares down 18% in 2024. The S&P 500 ( ^GSPC ), meanwhile, is up nearly 15%. Enter value meals — which Wall Street pros say could boost foot traffic but lower marg [Read more]
IMPACT SNAPSHOT
EVENT TIME:
SBUX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS