Starbucks (NASDAQ: SBUX) was featured in an analysis report detailing the company’s weak performance ahead of SBUX’s release of financial results for the 13-week fiscal third quarter ended June 28, 2020. The report, written by LikeFolio Founder Andy Swan, reads, “Starbucks had a rough last quarter. Same-store sales were down 10% YoY, and the company indicated 20Q3 could be worse. Purchase Intent mentions in 20Q3 (the quarter being reported) registered -22% below 19Q3 levels. LikeFolio data confirms decreasing consumer demand for SBUX (currently pacing -32% YoY).”
About Starbucks Corp.
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 32,000 stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through its unwavering commitment to excellence and its guiding principles, the company brings the unique Starbucks Experience to life for every customer through every cup. For more information, visit the company’s website at www.Starbucks.com.
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