Kim Kardashian’s Starbucks photoshoot follows the coffee giant’s alarming $12B loss, marking a historic stock decline

Kim Kardashian’s Starbucks photoshoot follows the coffee giant’s alarming $12B loss, marking a historic stock decline

Kim Kardashian’s Starbucks PR Campaign Amid $12B Loss:

Information received by Kossyderrickent unveils a noteworthy development involving Kim Kardashian, who was photographed strategically holding a Starbucks drink in what appears to be a public relations advertisement.

This comes on the heels of Starbucks Corporation’s staggering $12 billion financial setback.

Starbucks Stock Plunge: A Record-Breaking Decline:

Starbucks Corp. is grappling with an unprecedented series of losses, sparking concerns about a cooling trend in sales for the renowned coffee giant.

The stock experienced a notable 1.6% drop on Monday, marking the 11th consecutive session of decline—a historic downturn since Starbucks’ public debut in 1992.

In total, this extended slump has wiped out a substantial 9.4% of Starbucks’ market value, equivalent to a nearly $12 billion reduction.

Sales Slowdown and November Observations:

The evidence of a sales slowdown became glaringly apparent in November, supported by third-party sales data.

This revelation follows a prior robust period of comparable sales growth, registering an impressive 8% in the fiscal fourth quarter.

These observations were shared by JPMorgan Chase & Co. analyst John Ivankoe in a note released on a Monday.

Adjustments in Growth Expectations:

In response to the recent trends, Ivankoe has taken proactive measures to adjust his first-quarter U.S. comparable sales growth expectations.

Initially optimistic at 6%, the revised projection adopts a more conservative stance, settling at 4% in comparison to the same period last year.

This adjustment is attributed to a Christmas holiday promotion that fell short of the triumph achieved during the fall’s successful Pumpkin Spice Latte event.

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Read Related News On TDPel Media

Advertisement
Advertisement: Download Vital Signs App (VS App)