The Recession just hit Starbucks. CEO Warns: “People have stopped coming”
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Publicado 2024-05-10
One reason people have stopped coming to Starbucks is because it just became too expensive. Lattes are now almost $7, and in an economy where consumers have been hit hard by inflation and out of control credit card debt, they're now cutting back on going to Starbucks.
This could be the sign of the consumer spending pullback and recession many have been predicting. With consumer sentiment in America recently falling in May 2024 due to worsening inflation expectations.
Other fast food restaurants are also feeling the economic pain - like Mcdonalds, KFC, Taco Bell, and Pizza Hut. All of these restaurants registered negative YoY same-store sales growth adjusted for inflation.
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Todos los comentarios (21)
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I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
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You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.
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I stopped going because I'm tired of being guilted to pay tips on everything. I stopped going when it became expected.
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I haven't set foot in a KFC or Pizza Hut in over 16 years. People walking out of there don't look so healthy.
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Paying 7$ for a cup of cofee is literally throwing money away.
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Starbucks isn’t even a coffee shop. Most of their drinks and offerings have so much sugar and milk. Making a coffee at home is so much better. You can actually taste the coffee.
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It's not a recession. It's called "boycott."
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I remember Kevin O'Leary from shark tank once said why would I pay $7 for coffee when I can make a cup at home for $.32 cents 😂😂😂
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$15-$20 price for a fast food meal is ridiculous now.
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I stopped at Aldi a couple months ago in the morning and there's a Starbucks in the same parking lot. There was a line in the drive thru wrapped out of their parking lot and into the Aldi parking lot, probably 15 cars in line and I couldn't help but to think how incredibly dense and brainwashed you'd have to be to wait 20+ minutes in line while your vehicle is burning fuel just to pay $7 for a .15 cent cup of sugary coffee and then do that 4-5 days a week. One of the most insane things I've ever seen.
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With Banks at the risk of failing it could be an indication of an economic Recession which could be devastating .I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
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The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
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Reject garbage food embrace home cooked food
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My rent went from $1300 a month to $2100 a month in 2 years. That $900 has to come from somewhere else in the budget. Fast food restaurants have continually increased prices, reduced quality/quantity, and have shown little regard for their customers or employees. Buying groceries at an inflated rate is still cheaper and healthier than a fast food meal these days.
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More and more people are working remotely and have no need to go out to lunch or coffee.
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Amidst this market downturn, the idea of buying stocks is tempting. What do you think? I'm considering investing over $200k. Any thoughts on alternative strategies during this period of volatility?
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We are in a cost of living crisis. Spending $300+ per month for coffee is not sustainable.
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Rent is up, gas is up, food is up, but workers paychecks aren’t keep pace with inflation
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I'm curious, for someone with around $50,000 to invest, how would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach?
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I quit going for 2 reasons: 1) Only pike after 11 am. 2) The help is getting surly as a postal worker. I hope they struggle into bankruptcy.
