Kaskela Law LLC is investigating Starbucks Corp. (NASDAQ: SBUX) (“Starbucks”) on behalf of the company’s long-term investors.

Recently a securities fraud complaint was filed against Starbucks on behalf of investors who purchased shares of the company’s stock between November 2, 2023 and April 30, 2024.  According to the complaint, during that time period Starbucks and certain of the company’s senior executive officers issued a series of false and misleading statements to investors concerning Starbucks’ Reinvention strategy.

As further detailed in the complaint, on April 30, 2024, Starbucks reported disappointing financial and operational results, disclosing, among other things: (i) a store sales decline globally of 4%, and (ii) a 2% decline in new revenues to $8.6 billion.  On the back of these results, Starbucks additionally lowered its fiscal 2024 guidance.  Following this news, shares of Starbucks’ common stock declined $14.05 per share, or nearly 16% in value, to close on May 1, 2024 at $74.44 per share, on heavy trading volume.

Starbucks shareholders who purchased or acquired SBUX shares prior to November 2, 2023 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, to receive additional information about this investigation and their legal rights and options.

CONTACT:

KASKELA LAW LLC
D. Seamus Kaskela, Esq.
([email protected])
Adrienne Bell, Esq.
([email protected])
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750