SBUX Stock Recent News

Howard Schultz has stepped down as interim CEO of Starbucks, handing the reins to incoming CEO Laxman Narasimhan a couple weeks earlier than previously expected.

“As I turn Starbucks over to you now, know that you have my utmost confidence, trust and love."

The transition of power from interim CEO Howard Schultz comes at a volatile time for the company.

Since I started researching Costco I see my investing strategy has shifted from only seeking undervalued companies to picking true compounders. The margin of safety is not linked only to price, but to the quality of a business.

Starbucks has a winning track record and a bright future. Dutch Bros is a smaller and riskier bet with more potential upside.

Starbucks reported solid first quarter results and high growth for its North America segment, while China is lagging. For the next three years, management is expecting earnings per share to grow between 15% and 20% annually, but we see dark clouds on the economic horizon.

After a 13% growth over the last six months, at the current price of around $99 per share, we believe Starbucks stock (NASDAQ: SBUX), the world's leading roaster, marketer, and retailer of specialty coffee worldwide is appropriately priced.

Starbucks (SBUX) benefits from robust North America comps, expansion efforts and digital efforts.

SBUX has intensely focused on the Chinese market over the past few years, which has bit them with the country's slow return from COVID. That headwind should shift into a tailwind into the back half of this year, and SBUX has proven resilient pricing power across the board.

US coffee giant Starbucks has seen its first set of limited edition NFTs, consisting of a collection of 2,000 digital “Stamps,” sold out in minutes despite the overall sour market conditions.