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What strategic initiative will Starbucks announce by the end of 2024?
3
Resolution / Starting Odds
New product launch • 25%
Cost-cutting measures • 25%
Expansion into new markets • 25%
Other • 25%
Official announcements from Starbucks or reputable financial news sources
Story
Elliott Management Takes Significant Stake in Starbucks, Shares Jump 4%
Jul 19, 2024, 06:41 PM
Activist investor Elliott Management has built a sizable, undisclosed stake in Starbucks, according to a report by the Wall Street Journal. Elliott is reportedly pushing the coffee giant privately on ways to boost its stock price. Following the news, Starbucks shares jumped more than 4%, with $SBUX rising by 6%.
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Similar markets
New product lines • 25%
Store closures • 25%
Management changes • 25%
Other • 25%
New Beverage Line • 25%
New Food Line • 25%
New Merchandise Line • 25%
No New Product Line • 25%
Non-dairy milk policy changes • 25%
Return of condiment bars • 25%
Menu simplification • 25%
Other operational upgrades • 25%
Yes • 50%
No • 50%
Cost-cutting measures • 25%
Expansion strategies • 25%
Leadership changes • 25%
Other • 25%
Yes • 50%
No • 50%