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Starbucks: Brewing Value?
Early Bird Prime for March 31, 2024
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Starbucks: Brewing Value?
Regarding Starbucks (Nasdaq: SBUX), let's address the elephant in the room - the stock price. At $91.39, Starbucks is hovering near its 52-week low of $89.
Over the past five years, the stock price for Starbucks is up 21%. By comparison, the S&P 500 is up 81%.
One of the reasons behind Starbucks' lackluster performance is the departure of Howard Schultz as CEO in 2017. Schultz did make a brief comeback as CEO from 2022 to 2023, but even that couldn't save the sinking ship. Problems for the company continued, including labor disputes with unionized workers.
Although the S&P 500 is up 10% in 2024, Starbucks is down 2.43%.
Despite all the doom and gloom, Starbucks is still chugging along and even had record revenue recently. The company is still growing and making bank. I guess people can't resist their overpriced, yet oh-so-delicious, cups of joe. So, maybe there's hope for this caffeine-fueled empire after all?