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Starbucks (SBUX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SBUX faces rising tariffs and coffee costs, leaning on supply-chain shifts and stable pricing to protect margins.
Starbucks stock price remains under pressure this year as concerns about its growth trajectory and competition continue. SBUX has dropped to $91.6, down by 21.50% from its highest level this year, meaning that it is in a deep bear market.
Starbucks Corp. (NASDAQ: SBUX) sales in China are essential to its future. In the most recent quarter, the U.S. and China together had 61% of the company’s stores worldwide. At the end of the quarter, it had 17,122 stores in the United States and 7,758 in China. However, China has become a problem market. The primary reason is local rival Luckin Coffee, which has 22,000 stores there. The competition for Starbucks is overwhelming. 24/7 Wall St. Key Points: Luckin Coffee, Starbucks Corp.’s (NASDAQ: SBUX) rival in China, has just opened its first U.S. store. Starbucks stock has lagged, and investors are nervous about its prospects. Take this quiz to see if you’re on track to retire. (sponsored) Luckin has just opened its first U.S. store in New York. On its Instagram page, it wrote, “NYC, it’s happening. Our doors are open and Luckin Coffee is taking over the city.” The last thing Starbucks needs is more U.S. competition. It is already up against McDonald’s, Dunkin’ Do
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Luckin Coffee opened its first US locations Monday in New York City.
Starbucks, the US cafe chain, has denied a report by Chinese financial magazine Caixin suggesting it was considering a full sale of its China operations, according to a Reuters report. Starbucks stated it is not currently contemplating such a sale.
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was without disclosing where it obtained the information.
CNBC's Kate Rogers joins 'Fast Money' with a Caixin report on Starbucks' China operations.
Recently, Zacks.com users have been paying close attention to Starbucks (SBUX). This makes it worthwhile to examine what the stock has in store.