Where Will Starbucks Stock Be In 1 Year?
Starbucks' (NASDAQ: SBUX) stock rose about 2% over the past 12 months as the S&P 500 declined 15%. That resilience was surprising since the world's largest coffee chain faced persistent headwinds from inflation, COVID-19 lockdowns in China, and unionization demands throughout 2022. But will Starbucks continue to outperform the market in 2023?
Starbucks' revenue rose 11% to $32.3 billion in fiscal 2022, which ended this past October. Its global comparable store sales (comps) grew 8%, driven by a 5% increase in average ticket size and 2% growth in comparable transactions.
Image source: Starbucks.
Source Fool.com
