Starbucks continues to bleed money and it's stock price is down over 30 percent year to date, Earning report coming later today

Starbucks is bleeding money as the stock price continues to drop as we have never seen before, and investors should really pay attention in case they need to resize their position in the company.  The company will report earnings later today and we’ll see how that goes.


Two questions should be, is the company still a good place to make money and can they go bankrupt?


Starbucks is a beverage company, they sell hot and cold drinks, mainly coffee and they sell some pastries too.


The stock is selling for $73.80 per share, it's down 36.75% year to date. Its all-time 52 weeks high was $126 per share. The stock is facing some issues due to the pandemic, union legal issues with employees among other financial problems.  


If they can survive these issues, the upside can be huge, but if they continue to fail, it may become unbearable for investors who are not sure who they’ll make their money back after losing over 35 percent of the Starbucks stock value this year alone.


Coffee giant Starbucks is set to report its latest earnings on Tuesday amid a backdrop of a unionization battle with employees.


“Starbucks Corporation is expected* to report earnings on 05/03/2022 after market close. The report will be for the fiscal Quarter ending Mar 2022. According to Zacks Investment Research, based on 12 analysts' forecasts, the consensus EPS forecast for the quarter is $0.6. The reported EPS for the same quarter last year was $0.62.” – Nasdaq


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