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.

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Source Fool.com