Lawsuit Filed Against Starbucks Corporation for Securities Violations – Shareholders Foundation, Inc.

Investors in Starbucks Corporation (NASDAQ: SBUX) are facing a legal battle as a lawsuit has been filed against the company for alleged securities laws violations. The lawsuit, filed on August 28, 2024, by an investor in NASDAQ: SBUX shares, claims that Starbucks Corporation made false and misleading statements about its projected revenue outlook and anticipated growth, while downplaying risks from seasonality and growth in foreign markets, particularly China.

This legal action comes after Starbucks Corporation announced its second quarter fiscal 2024 earnings on April 30, 2024, where the company lowered its guidance for the fiscal year 2024 due to global declines in store sales, net revenues, and earnings. The company attributed these results to challenges faced in China.

Investors who purchased shares of Starbucks Corporation (NASDAQ: SBUX) are urged to contact the Shareholders Foundation, Inc. for more information on their options and the upcoming deadlines. The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that provides research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal news related to the stock and financial market.

For more information, investors can contact Michael Daniels at mail@shareholdersfoundation.com or call +1 (858) 779-1554. The Shareholders Foundation, Inc. emphasizes that the information provided is for public service and is not intended as legal advice.

Stay tuned for updates on this developing story as investors in Starbucks Corporation (NASDAQ: SBUX) navigate through this legal challenge.