Shares of coffeehouse chain Starbucks (NASDAQ:SBUX)
fell 10.2% in the pre-market session after the company reported disappointing first-quarter 2025 results as its revenue, EPS, and EBITDA fell short of Wall Street's estimates. The key highlight for the quarter was the drop in global same-store sales, with North America dragging results down due to a 4% decline in transactions despite a higher average spend per order.
This dip in volume led to flat sales in the U.S. and a mere 2% growth globally, with the modest revenue gain largely driven by the opening of 213 new stores rather than demand at existing ones.
Overall, this was a softer quarter.
Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.
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Starbucks Corp (NASDAQ:SBUX) shares are facing heavy selling pressure Wednesday morning after the company reported worse-than-expected results for the second quarter.
Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
U.S. stock futures are down Wednesday morning, despite major averages ending up on Tuesday, and the S&P 500 and Dow Jones notching their sixth-straight day in the green, the longest streak for the indexes in months.
Coffeehouse chain, Starbucks Corp. (NASDAQ: SBUX), is making a case for its resilience amid the slowdown, rising recession risks, and global trade uncertainty.
