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Starbucks loses $11billion

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Well I am glad the boycott worked I guess because i still went 

More, more, more!

 

Truly the WORST. Please gheys support your local café!

This literally doesn’t make sense. It’s impossible for them to lose $12B. It’s not as if it’s coming out of their bank account. If you look at their revenue during this time period versus last year’s, sure, you might see a decrease or whatever.

 

But the numbers are saying there was actually an increase in revenue sales. So…

Edited by Dr. Alexander

thats what happens when your customer base is all lefties :michael:

  • ATRL Moderator

:rip:

 

Well I stopped going cause of their labor policies, but would have stopped for this too. Either way, even if they turn a profit for the year, a huge decrease in market value is still something :gayriahcat3:

Just went there for their half off drinks on thursdays s:wan:

25 minutes ago, Raver said:

Just went there for their half off drinks on thursdays s:wan:

wait, what.. :gaycat1: :coffee:

If you actually read the financial data this is not due to boycotts. Clickbait titles getting people who don't understand finance. The stock price has been trending downwards overall the entire year long before these boycotts so far with a boost around their holiday cup special day and a decline again. Around the time the boycotts began the price was increasing overall minorly before falling after their holiday sales were reportedly shown to be not as impressive as expected. Still, overall sales increased as noted. The boycotts have done very little if anything to the company based on the data. It is more likely what is hurting them is their high prices, lack of innovation, and people cutting Starbucks for their other expenses in life during this period of higher costs/debt. Like sales still grew even then. The boycotts have not done a thing :skull:

People watching stock prices and saying it’s because of boycotts are delusional lol. If the boycott has any impact on stock price it would be only realized after earnings unless a third party analytics company was able to reliably say that they were having an impact. 

1 hour ago, Raver said:

Just went there for their half off drinks on thursdays s:wan:

Same. My (3 shot) hot sugar cookie latte with oat milk was excellent as per usual!

Edited by Scheissex

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