Due to overt support and funding to Israel’s genocide in Gaza, Starbucks is suffering from great profit loss as customers boycott the coffee chain giant.
According annual financial results, Starbucks’ net profit shrunk by 23.8% in 2024, dropping from $1. 024 billion to $780 million.
Analysts argue that if sales remain constant and decrease, bankruptcy will be inevitable as such big companies work with low-margin profits. Plus, continuous losses cause panic in the market leaving the company alone with its problems, they add.
Since Starbucks staunchly supports Israel as its owner is a Zionist, many coffee-lovers have stopped tasting Starbucks coffee.
More details can be found at company’s website: https://investor.starbucks.com/news/financial-releases/news-details/2025/Starbucks-Reports-Q1-Fiscal-Year-2025-Results/default.aspx
