After a Tough Quarter, Is Starbucks a Buy?
There has already been a lot of chatter over Starbucks' (NASDAQ: SBUX) disappointing fiscal second quarter results, and the evidence is in the stock price, which has fallen 17% since the company reported its results.
Before you get too bearish on the stock, though, let's take a look at what really happened last quarter and what it means for the business.
Business was rough for Starbucks in the quarter ended Mar. 31, a marked shift from the growth reported the previous quarter. Consolidated North American net revenue was flat year over year, even though the total store count increased 3% to 18,065 locations. Meanwhile, comparable-store sales, or comps, fell 3% with transactions down 7%.
Source Fool.com
Starbucks Corp. Stock
€72.69
0.390%
Starbucks Corp. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
As a result the target price of 103 € shows a positive potential of 41.7% compared to the current price of 72.69 € for Starbucks Corp..
