Added to YB: 2024-08-02
Pitch date: 2024-08-01
SBUX [neutral]
Starbucks Corporation
+18.1%
current return
Author Info
Company Info
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee internationally.
Market Cap
$97.1B
Pitch Price
$72.28
Price Target
N/A
Dividend
2.91%
EV/EBITDA
13.26
P/E
52.36
EV/Sales
3.23
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Starbucks $SBUX Write Up
SBUX: 38k stores, $36B rev, $4.1B profit. Recent Q2 rev -1% YoY, -4% same-store sales. Expanding to 55k stores by 2030. 60% rev from beverages, 22% 'Other', 18% food. Key strategies: digital, brand elevation, global expansion. Strong brand, 75M rewards members. Challenges: competition, high-calorie drinks, unions, China reliance. Bulls cite infrastructure, app strength, customization. Activist investor Elliott involved.
Read full article (17 min)