LOS ANGELES, Sept. 11, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Starbucks Corporation ("Starbucks" or "the Company") (NASDAQ: SBUX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Starbucks announced its second quarter, 2024, results on May 1, 2024. The Company's results were below analyst expectations and its own projections, leading to a reduction in its full-year guidance for 2024. The Company blamed the shortfall on the "impact of a more cautious consumer" which "may persist longer, but much is within our control." Analysts commented that the "magnitude of the revision was unsettling."
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
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SOURCE The Schall Law Firm
