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.

TDPel Media

This article was published on TDPel Media. Thanks for reading!

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

Advertisement
Advertisement: Download Vital Signs App (VS App)