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re: Starbucks
Posted on 5/1/24 at 7:15 am to Geauxldilocks
Posted on 5/1/24 at 7:15 am to Geauxldilocks
quote:
The CEO blamed “weather” for the downturn in US sales. I’m buying puts as this has further downside, companies that refuse to admit they’ve priced themselves out of the market and blame weather are tone deaf.
They are victims of inflation.
If you need to tighten the budget, the very first thing you do is save money on coffee.
They may (or may not) be fine when the inflation slows down and people feel comfortable with their budgets again.
I'm not a Starbucks customer (I'm too cheap). But more people in times like this know how to get cheaper caffeine hits than $7 a pop (brew at home and go, racetrak, mcdonalds).
1
Posted on 5/1/24 at 7:40 am to meansonny
quote:
They are victims of inflation.
No, … they are the victims of stupidity.
Corporate leadership cannot alienate half their customer base and expect no repercussions. Idiots.
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