The Coronavirus Outbreak Doesn't Change Starbucks' Strong Long-Term Outlook
Starbucks (NASDAQ: SBUX) made waves in late January when it reported results for the quarter that ended Dec. 29, 2019, with the shares slumping by more than 10% since then.
The stock's fall wasn't due to the results, which were strong. The 7% sales growth in the quarter was partly driven by a 5% increase in comparable sales (comps). And management's long-term growth goals are 7%-9% for revenue, 8%-10% for operating income, and at least a 10% yearly increase in earnings per share.
In short, Starbucks checked all the boxes in its first quarter, even handily beating its profitability goals.
Source Fool.com
