SBUX Stock Recent News

Starbucks stock has struggled due to weakness in its second-largest market, China. The company has a lot of expansion opportunities still in front of it.

An under-the-radar coffee chain wants to expand its store base rapidly, which would likely boost sales and earnings. Starbucks is already the dominant player in the industry.

Wall Street has abandoned Starbucks' stock following its recent growth slowdown. Yet, margins are improving and sales trends should recover in the U.S. and China.

In the latest trading session, Starbucks (SBUX) closed at $87.11, marking a +1.04% move from the previous day.

Starbucks could open 11,000 new locations over the next five years, likely making it the biggest restaurant chain in the world. The company has opened nearly 3,000 new locations in China over the last four years and yet revenue in that country is down.

Starbucks has one of the world's most powerful consumer brands. Management is now focused on jumpstarting greater growth.

This stock has two growth engines working to lift revenue higher.

Zacks.com users have recently been watching Starbucks (SBUX) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Starbucks is rolling out new store design features as it adds locations and renovates existing ones. During the current fiscal year that ends in October, the company plans to add 650 stores and renovate 1,000 others, Bloomberg reported Wednesday (April 10).

In the most recent trading session, Starbucks (SBUX) closed at $87.13, indicating a -0.07% shift from the previous trading day.