Starbucks: Slower Growth and Contracting Margins Ahead
November 04 2021 - 12:24PM
TipRanks
Coffee retailer Starbucks (SBUX) is heading for a period of slower
growth and contracting margins, according to Quo Vadis President
John Zolidis. I'm neutral on SBUX shares. (See Insiders’ Hot Stocks
on TipRanks)"What we're left with is a very high-quality company
for all the reasons investors appreciate SBUX, but which is going
through a period of slower growth, and contracting margins,”
Zolidis stated. “The sources of the growth slowdown and margin
contraction are partially due to the environment, but they also
seem to be of SBUX's own making, as the company is proactively
taking up wages in stores.
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