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Have Starbucks boycotts finally paid off? SBUX stock crashes after earnings
StarbucksStarbucks(US:SBUX) Finbold·2024-05-01 16:43

As war between Israel and Hamas broke out, several companies were publicly targeted as financial supporters for the Israeli side, with Starbucks (NASDAQ: SBUX) being one of them.The boycotts against Starbucks, particularly in the Middle East, profoundly impacted the company’s operations. The coffee shops were left empty, compelling Starbucks to significantly adjust its financial targets and scale back its operations.As its latest quarterly report shows, Starbucks’ earnings were significantly impacted, with ...