# @morningbrew on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C0edKx3M1sV
- **Gondola URL:** https://gondola.cc/posts/17595307-morningbrew-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/0ab813019eea7287f462dc5328cf6185f9685dfca8cc56d15868f0338b182088.jpg
- **Posted:** 2023-12-05T15:10:13.000+00:00
- **Account Owner:** Morning Brew ☕️ (@MorningBrew) — https://gondola.cc/MorningBrew

## Caption

Starbucks is in the midst of a record slump. ⁠
⁠
Dropping 1.6% yesterday, shares of the coffee chain declined for their 11th consecutive day, a new record for the company since it first went public in 1992. ⁠
⁠
Despite topping sales expectations in the last quarter, analyst concerns over slowing sales during the Christmas period have scared off investors.⁠
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In total, the stock has declined 9.4% over the streak, shaving a whopping $12 billion in market value off the company. ⁠
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#starbucks #coffee #retail #marketnews #businessnews

## Stats

- **Views:** 0
- **Likes:** 53,156
- **Shares:** 0
- **Comments:** 1,546

## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Morning Brew ☕️ | @MorningBrew | https://gondola.cc/MorningBrew | Media Company |
| Liam Fennessy | @LiamFennessy_ | https://gondola.cc/LiamFennessy_ | Editor |

## Tags

coffee, retail, marketnews, businessnews, starbucks

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