Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe. We also remain tentative on the next steps until these challenges roll over and the company shows proof of improving financials. Shares of the coffee chain have slumped in recent weeks as the S & P 500 steadily climbed higher to a series of record highs. The divergence comes as Starbucks' revenue and profits are under pressure due to weaker afternoon sales in the U.S.
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.stock as the company faces headwinds in key markets across the globe. We also remain tentative on the next steps until these challenges roll over and the company shows proof of improving financials.
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