The Triple Shot Two Pump Pump Strategy hits a snag.

Motley Full analyst Osset Sharma.

Osset, thanks for joining me.

Dylan, thank you for having me.

It's a big week for earnings.

We've got results from two major names

that are painting kind of a cloudy picture of the

consumer.

Ah said I want to start with Starbucks shares down 15% after the company earnings

update showed a 2% decline on the top line and also

earnings that missed expectations. What was the culprit here behind the the

pullback?

Philin the culprit was declining traffic in North America which is a core market and also in the major investment markets that Starbucks has emphasized like China.

So you had declining same store sales which is never a good sign and

this is something that the market is really trying to digest. It was a

surprise that the company sort of missed estimates and the

outlook is is gloomy when you have lower same store sales that is are predicated

on less traffic even if you've got a little bit of

pricing power which Starbucks has that always makes investors worry okay when are

you gonna pick that traffic back up and I think there are some reasons why the traffic is declined.

That's easy to see, especially in North America.

But we can get into that as we go.

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