|

资讯

    首页   >     行业    >     正文

    Starbucks drops after adjusting its revenue-reporting practices amid SEC scrutiny

    摘要:Starbucks is one of many US companies that the SEC has asked about revenue-recognition practices since 2018, when new accounting guidelines began.

      Starbucks has reportedly agreed to provide the SEC further information about how it recognizes revenue after questions over its accounting practices.

      Shares of the coffee-chain slid as much as 5.2% on the news.

      The slide comes shortly after shares declined when Starbucks said earnings wouldn't grow as much in 2020 as it had previously forecast.

      Watch Starbucks trade live on Markets Insider.

      Starbucks is reportedly cooperating with the US Securities and Exchange Commission after it questioned some of the coffee chain's accounting practices, the Wall Street Journal reported.

      Shares of Starbucks fell as much as 5.2% on the news. The coffee chain has agreed to provide the SEC more information about how it recognizes revenue, according to the WSJ.

      Starbucks is one of many US companies that the SEC has asked about revenue-recognition practices since 2018, when new accounting guidelines came into effect that change how different companies record revenue from sales and services. At least 208 companies — a 56% increase year over year —got letters from the SEC in 2018, the WSJ reported.

      In routine letters sent between May and August, the SEC questioned how Starbucks recognizes revenue in quarterly filings that ended March 31. The SEC asked a number of questions about how Starbucks counts revenue from services, and also asked the company to explain how it recorded the $7 billion payment from Nestle SA in 2018 for the exclusive right to sell Starbucks products.

      In addition, a change in how Starbucks accounts for gift cards made it harder for the SEC to tell how much revenue the company received from the Nestle deal, the WSJ reported.

      The report comes just a week after Starbucks stock slid the most in 7 months after the company said in an investor presentation that its earnings won't grow as much in 2020 as it previously thought. The new estimate of earnings-per-share growth of 8% to 10% fell short of Starbucks' previous forecast of at least 13% growth for 2020.

      Shares of Starbucks are up roughly 41% year to date.

    泰铢

    • 阿联酋迪拉姆
    • 澳元
    • 加元
    • 瑞士法郎
    • 人民币
    • 丹麦克朗
    • 欧元
    • 英镑
    • 港币
    • 匈牙利福林
    • 日元
    • 韩元
    • 墨西哥比索
    • 林吉特
    • 挪威克朗
    • 新西兰元
    • 波兰兹罗提
    • 俄罗斯卢布
    • 沙特里亚尔
    • 瑞典克朗
    • 新加坡元
    • 泰铢
    • 土耳其里拉
    • 美元
    • 南非兰特

    美元

    • 阿联酋迪拉姆
    • 澳元
    • 加元
    • 瑞士法郎
    • 人民币
    • 丹麦克朗
    • 欧元
    • 英镑
    • 港币
    • 匈牙利福林
    • 日元
    • 韩元
    • 墨西哥比索
    • 林吉特
    • 挪威克朗
    • 新西兰元
    • 波兰兹罗提
    • 俄罗斯卢布
    • 沙特里亚尔
    • 瑞典克朗
    • 新加坡元
    • 泰铢
    • 土耳其里拉
    • 美元
    • 南非兰特
    当前汇率  :
    --
    请输入金额
    泰铢
    可兑换金额
    -- 美元
    风险提示

    WikiFX数据均来自各国外汇监管机构的官方数据,如英国FCA、澳大利亚ASIC等,所公布的内容亦均以公正、客观和实事求是为宗旨,不向外汇交易平台收取公关费、广告费、排名费、数据清洗费等灰色费用。WikiFX会尽最大努力保持我方数据与各监管机构等权威数据方数据的一致及同步性,但不承诺与其实时保持一致和同步。

    鉴于外汇行业的错综复杂,不排除有个别外汇交易商通过欺骗手段获得监管机构的合法注册。如WikiFX所公布数据与实际情况有不符之处,请通过WikiFX“投诉”和“纠错”功能,向我们提出,我们将及时进行核实查证,并公布相关结果。

    外汇、贵金属和差价合约(OTC场外交易)是杠杆产品,存在较高的风险,可能会导致亏损您的投资本金,请理性投资。

    特别提示,WikiFX所列信息仅供参考,不构成投资建议。外汇平台由客户自行选择,平台操作带来的风险,与WikiFX无关,客户需自行承担相关后果和责任。

    ×

    选择国家/地区