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Top related persons:
Morgan Stanley - 1 Brian Harbour - 1 Laxman Narasimhan - 1 Andrew Strelzik - 1 William Blair - 1 Sharon Zackfia - 1
Top related locs:
U.S Israel China
Top related orgs:
Starbucks - 1 BMO Capital Markets - 1

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3 mentions found


☆ Starbucks' earnings report was weak — but Wall Street expected worse
  + stars: | 2024-01-31 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Wall Street is shaking off Starbucks' weak quarterly report, seemingly taking executives at their word that the company's challenges are "transitory." The coffee giant's stock ticked higher in morning trading, hours after it reported fiscal first-quarter earnings and revenue that missed Wall Street's estimates and lowered its full-year sales outlook. Morgan Stanley analyst Brian Harbour wrote in a note to clients that the company's earnings per share and U.S. same-store sales growth was better than some had feared, "likely supporting the stock." Executives also tried to convey that those challenges are expected to subside as fiscal 2024 progresses. While Starbucks lowered its full-year outlook for revenue and same-store sales growth, it reiterated its forecast for fiscal 2024 earnings per share growth.
Persons: Morgan Stanley, Brian Harbour, Laxman Narasimhan, Andrew Strelzik, William Blair, Sharon Zackfia Organizations: Starbucks, BMO Capital Markets Locations: U.S, Israel, China
☆ Starbucks, Estée Lauder, Qualcomm: Global companies warn of slower-than-expected recovery in China
  + stars: | 2023-05-11 | by ( Michelle Toh | ) edition.cnn.com   time to read: +6 min
Starbucks (SBUX) and Qualcomm (QCOM) have also flagged uncertainties related to the country, which is a top market for both. Beijing abandoned its zero-Covid policy in December and scrapped longstanding quarantine requirements for international arrivals in January, ending restrictions that had isolated its economy. The welcomed, if abrupt, policy U-turn led to hopes that China could help propel global growth as it had before the pandemic. The idea was that as soon as the zero-Covid policy would be over, the Chinese households and consumers would just go berserk. Starbucks warned last Tuesday that sales growth in China was starting to cool — and likely would continue that trajectory over the next six months.
☆ BMO upgrades Domino's Pizza, predicts 35% rebound in struggling stock
  + stars: | 2022-09-23 | by ( Carmen Reinicke | ) www.cnbc.com   time to read: +1 min
BMO Capital Markets says now is the time to buy Domino's Pizza as the stock is set to surge 35% driven by solid demand following underperformance. The firm upgraded the stock to outperform and maintained its $430 price target, which implies a nearly 35% upside from where shares currently trade. Concerns priced in Domino's will also benefit from improving labor market conditions that could help ease driver shortages. To be sure, BMO's survey results did not find that consumers are trading down, which would have given further support to Domino's. Still, these concerns are well-represented in the shares, which have slumped this year and are trading at a relative discount.
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