Starbucks Corp (SBUX) stock has been a subject of interest among investors with significant
institutional backing at 74%. The company has faced
challenges recently, from fierce competition like Domino's (DPUKY) as well as fallout from an earnings miss in Q2 2024, causing a stock price slump. Many are wondering whether it's time to reconsider investing in SBUX or if the recent price drop is a buying opportunity. Former CEO, Howard Schultz, has expressed the need for a
company overhaul and customer experience improvement at the U.S. stores. There are certain expectations for the 2024 Annual Meeting of Shareholders and the potential future strategies ahead of quarterly earnings. The corporation had launched a new
global leadership structure to help accelerate its reinvention and to elevate its brand. Also, efforts towards building
inclusive spaces with new accessibility guidelines have been implemented. However, despite the hiccups, Starbucks's
financial strength remains solid with some recognizing Starbucks as a
strong growth stock, leaving scopes for
future growth opportunities.
Starbucks Corp SBUX News Analytics from Wed, 13 Sep 2023 07:00:00 GMT to Wed, 08 May 2024 13:00:17 GMT -
Rating -6
- Innovation -3
- Information 7
- Rumor -5
