This Is the Most Important Thing to Look for in Starbucks' Earnings Report
Starbucks (NASDAQ: SBUX) made a huge rebound in its fiscal third quarter after a year of pandemic-pressured declines. That was a relief for investors, although the stock price has been climbing since the March 2020 crash, thanks to investors' general confidence in the company's ability to withstand the negative environment.
It came through with flying colors last earnings season, and management is expecting more greatness in the fiscal fourth quarter and next year. When that Q4 report arrives next week, the most important metric for investors to focus on -- the one that should give them the clearest insights about Starbucks' real progress -- will be U.S. comps growth.
Starbucks has become the world leader in coffee shops through its focus on beverage innovation and community gathering. It was operating nearly 33,000 stores as of June 27, the end of its fiscal third quarter, with plans to open a total of 1,100 new locations in 2021.
Source Fool.com
