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.
