Starbucks (SBUX) is one of the best-known restaurant businesses in the world, with about 34,300 locations worldwide. By 2030, the business hopes to have 55,000 outlets in over 100 regions around the world. The coffee chain has lost nearly 34% of its value year-to-date. Inflation, a tight labor market, issues in China, leadership changes, a pause in share buybacks, and the present unionization movement have all weighed on the stock. In terms of earnings, Starbucks provided mixed results in Q122. Revenues of $8.1 billion exceeded the consensus forecast of $7.97 billion, but earnings per share of $0.72 fell short of the $0.79 per share consensus projection.
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Starbucks (NASDAQ:SBUX)
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