2024-06-04 12:11:00 ET
It has been a whipsaw couple of quarters for coffee giant Starbucks (NASDAQ: SBUX) , with news fluctuating between recording-setting revenue one quarter, and significant decline in comparable-store sales the next.
Investors have seen the glass as half-empty recently, with the stock down about 7% since reporting the quarterly decline in comparable-store sales on April 30. The stock hit a 52-week low shortly after the company reported its fiscal second-quarter results.
For further details see:
Should You Buy the Dip in Starbucks Stock?