Starbucks Faces Weak Quarter Amid Store Closure Reports

Several major restaurant and communications stocks underperformed even as U.S. benchmarks posted modest gains. McDonald’s slipped 1.11% to $300.52, about 7.9% below its 52-week high. Starbucks fell 1.21% to $84.60, roughly 28% under its 52-week high, and has faced reports of rapid, unannounced closures including 54 New York City locations that have alarmed employees, landlords and shareholders. Starbucks is also facing upcoming quarterly results with consensus Q EPS of $0.57 (‑28.8% YoY) and revenue of $9.42 billion (+3.8% YoY); Zacks highlights recent downward EPS estimate revisions and flags the company in its proprietary ranking. Chipotle shares dropped 1.78% to $39.19 for a second consecutive day, while SBA Communications declined 1.40% to $193.35, about 23.5% below its 52-week peak.