Elliott Management Takes Stake in Starbucks, Pushes for Improvements Amidst Disappointing Results

Seattle, Washington United States of America
Elliott Management takes stake in Starbucks
Engaging with Starbucks management for improvements
Starbucks faces challenges after disappointing quarterly results
U.S. same-store sales fell 3% and traffic dropped 7%
Elliott Management Takes Stake in Starbucks, Pushes for Improvements Amidst Disappointing Results

Activist Elliott Management has taken a significant stake in Starbucks and is engaging with the company's management to find ways to improve its share price, according to the Wall Street Journal. The move comes as Starbucks faces challenges for several quarters and has undergone a series of leadership changes in recent years. In April, the company reported disappointing quarterly results, with U.S. same-store sales falling 3% and traffic dropping 7%. Elliott is known for taking stakes in some of the world's biggest companies and pushing for changes.


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Confidence

90%

Doubts
  • Are there any specific changes Elliott Management is proposing to improve Starbucks' performance?

Sources

98%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Activist Elliott reportedly has a significant stake in Starbucks, in talks with management

CNBC News Rohan Goswami, Friday, 19 July 2024 19:45
  • Unique Points
    • Elliott Management has taken a significant stake in Starbucks
    • Elliott is engaging with Starbucks management to find ways to improve the company's share price
    • Starbucks contended with an activist effort from its own workers unions earlier this year which ended with the Strategic Organizing Center withdrawing its candidates
  • Accuracy
    • Starbucks shares jumped more than 6% after the news was reported
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

91%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Bloomberg - Are you a robot?

Bloomberg News Now Friday, 19 July 2024 22:51
  • Unique Points
    • Elliott Management has bought a sizable stake in Starbucks
  • Accuracy
    • Starbucks reported disappointing quarterly results in April with U.S. same-store sales falling 3% and traffic dropping 7%
    • Starbucks cut its 2024 outlook in April
    • Starbucks had fallen 23% this year before the news
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Starbucks jumps after WSJ reports Elliott bought a stake

The Seattle Times Friday, 19 July 2024 19:56
  • Unique Points
    • Elliott Investment Management has bought a sizable stake in Starbucks
    • Elliott is engaging with Starbucks to find ways to boost the stock price
    • Starbucks is focusing on improving its morning business and attracting customers in the afternoons with new products and deals on its app
  • Accuracy
    • Starbucks is contending with a pullback in demand
    • Starbucks had fallen 23% this year before the news
    • Starbucks reported its first quarterly sales decline since late 2020 in May
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article reports on a financial news story without making any logical fallacies. However, it does include an inflammatory rhetoric by stating 'Starbucks plunged on May 1 after the company reported its first quarterly sales decline since late 2020', which is not a fallacy but can be seen as sensationalist language.
    • Starbucks plunged on May 1 after the company reported its first quarterly sales decline since late 2020.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication