NEW YORK, NY / ACCESSWIRE / August 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Starbucks Corporation ("Starbucks") (NASDAQ:SBUX) concerning possible violations of federal securities laws.
On May 1, 2024, Starbucks announced Q2 2024 results well-below expectations and Starbucks' own projections, and then announced significantly reduced full-year guidance for 2024. Starbucks attributed it to "[h]eadwinds discussed last quarter" including the "impact of a more cautious consumer" which "may persist longer, but much is within our control." Analysts reacting to the quarterly results and reduced guidance noted that the "magnitude of the revision was unsettling."
Following this news, Starbucks' stock price fell by $14.05 per share to close at $74.44 per share. To obtain additional information, go to:
https://zlk.com/pslra-1/starbucks-lawsuit-submission-form?prid=95238&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP