Monday January 29, 2024, 07:00:00
We believe that January has proven a tough month as regards same-store sales for a wide swath of the restaurant industry. Based on our conversations with industry contacts, bad weather – lapping a mild winter from one year ago – clearly seems to be the #1 reason behind the challenged January sales trends. As of today, it’s possible that February could prove to be similarly challenged.
Monday December 11, 2023, 07:00:00
Based on what we believe have been softer-than-expected U.S. same-store sales trends so far in fiscal Q1 2024 (calendar Q1 2023), we reduce our fiscal Q1E North American same-store sales forecast by -2 percentage points, to +5%. As of this writing, sell-side consensus (according to Consensus Metrix) is at +6.7%, although keep in mind that Starbucks does not report out its same-store sales numbers past the decimal point.
Thursday November 9, 2023, 07:00:00
To what extent is the so-called “Starbucks Workers United” – the SEIU-affiliated organization working to make more U.S. company-owned Starbucks outlets unionized, and all the ramifications that such actions entail – engaging in its efforts to generally help Starbucks and its stakeholders, including employees? On the other hand, to what extent is “Starbucks Workers United” simply hostile to Starbucks – working not in partnership to create a better enterprise overall, but simply trying to extract as much money and resources from the company as it can get away with, all the while cheering on harm to Starbucks?
Thursday October 10, 2024
Thursday October 10, 2024