Starbucks Drops, IREN Drops, and Helen of Troy Soars as Earnings Outlook Raised

On this episode of Stock Movers:

- Starbucks (SBUX) The Financial Times reported that Starbucks Corp. has worked with advisers in recent months on a takeover proposal for the burrito chain. The status of the takeover plans couldn’t be immediately learned and a mega deal of this size might never get off the ground, the Times said, citing people familiar with the matter. Brian Niccol, Starbucks’ chief executive officer since 2024, previously was the top executive at Chipotle.

- IREN (IREN) shares are sliding following critical reports of facility reliability issues at its Canadian data centers combined with broader sector pressure on capital-heavy AI infrastructure builders.

- Helen of Troy (HELE) shares soar after the consumer goods company boosted its adjusted earnings per share forecast for the full year. The improved outlook exceeded the average analyst estimate.

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