There is also the looming threat of recession in the US and Europe due to a mix of higher interest rates and inflation but an upbeat holiday season may help to balance things out in the next quarter. This is likely to weigh even further on the company’s China sales over the next quarter. However, one major issue to take into consideration is the fact dozens of cities in China have gone back into lockdown as they enforce a Zero COVID policy. The earnings report also stated that the group sees worldwide sales growing by 7% to 9% in 2023 with an improved earnings forecast growth of 15% to 20% over the next three years. Though, this was better than the 44% decline in the prior quarter. It was a different story in China as sales were down 16% due to regional lockdowns. This was helped by daily store traffic increasing to around 95% of the level before the pandemic. Sales from the United States were up 11% while international sales also rose 7%. While earnings fell 19% from the same time last year they exceeded Wall Street’s expectations. Starbucks reported a much better-than-expected fourth-quarter earnings report. Takeaways From Starbucks’ Fourth-Quarter Earnings Report Start small to understand your own risk tolerance levels or practice on a demo account first to build your knowledge before investing. Never invest more than you can afford to lose as some trades will lose and some trades will win. All trading is high risk and you can lose more than you risk on a trade.
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