NEW YORK, Oct 7, 2024 /PRNewswire/ — Gross Law Firm issues the following notice to shareholders Starbucks Corporation (NASDAQ:SBUX).

Shareholders who purchased SBUX shares during the specified Class Period are encouraged to contact the Company regarding possible appointment as lead plaintiff. Appointment as lead plaintiff is not required to participate in a recovery.

CONTACT US HERE:

LESSON TIME: November 2, 2023 To April 30, 2024

ACCUSATIONS: According to the complaint on April 30, 2024After the market closed, investors began to question the veracity of defendants’ public statements after Starbucks announced its second quarter fiscal 2024 results in a press release and conducted its accompanying earnings conference call on the same day. In relevant part, Defendants announced disappointing results for the second quarter of fiscal 2024, stating that global store sales declined 4%, with traffic declining 7%, and also reported a decline in new sales 2% known $8.6 billion. Based on these results, Starbucks also lowered its fiscal 2024 guidance, citing global declines in store sales, net sales and both GAAP and non-GAAP results. The company attributed its results and lowered guidance to the issues Starbucks faced Chinawith CFO Ruggeri stating regarding the Chinese market: “We are still seeing the impact of a slower than expected recovery and we are seeing tough competition between value players in the market.” Investors and analysts immediately reacted to Starbucks’ revelation. The price of Starbucks common stock fell dramatically. From a closing price of $88.49 per share April 30, 2024Starbucks’ stock price fell $74.44 per share May 1, 2024a drop of over 15% in a single day.

DEADLINE: October 28, 2024 Shareholders should not delay in registering for this class action lawsuit. Register your details here: https://securitiesclasslaw.com/securities/starbucks-loss-submission-form/?id=106646&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased SBUX shares during the above period, you will be enrolled in portfolio monitoring software that will provide you with status updates throughout the lifecycle of the case. The deadline for applying to be lead plaintiff is: October 28, 2024. There is no cost or obligation for you to participate in this case.

WHY LARGE LAW FIRM? Gross Law Firm is a nationally recognized class action law firm. Our mission is to protect the rights of all investors who have suffered as a result of deception. Fraudand illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and promote good social responsibility. The Company seeks compensation on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have resulted in artificial inflation of the Company’s shares. Lawyer advertising. Previous results do not guarantee similar results.

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SOURCE The Gross Law Firm