Already Well-Valued For Its Quality: Starbucks Corporation (SBUX)

The first quarter fiscal year 2021 report was released by Starbucks Corp. (SBUX) on Tuesday, January 26. The company achieved earnings higher than Wall Street expectations in the quarter and opened an additional 278 stores worldwide.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.

Sponsored


Starbucks’ revenue declined 5% in the quarter ended December 27, 2020, to $6.7 billion, as expected in the wake of the ongoing COVID-19 crisis and the recent restaurant restrictions. Even though many restrictions have been lifted in China, Starbucks sales have grown by 5%. While sales declined in the United States and elsewhere, average checks increased 19%, resulting in higher profits. Earnings per share were $0.53 in the first quarter. Subscribers to Starbucks’ subscription service increased 15% to 21.8 million.

Starbucks has open nearly 300 new outlets in the quarter, a 4% increase compared to 2019. Kevin Johnson, CEO of Starbucks, announced that the company’s fiscal year started on a promising note. In his view, new drinks and digital services provide opportunities for long-term sustainable growth and customer engagement.

In the 2021 fiscal year, Starbucks expects earnings of between $2.42 – $2.62 per share. Starbucks plans to expand aggressively this year. China will see the opening of 600 retail outlets. About 15,000 Starbucks retail outlets are located in North America. Now, 61% of Starbucks restaurants are in China and the United States. Starbucks’ dependency on its largest markets is one of its major risks.

The 20-day trading average for Starbucks Corporation (SBUX) is $104.09, with the current price -2.84% off the 52-week high and 109.30% from its 52-week low. In terms of moving averages, the 50-day simple moving average of the closing price is $101.76, and its 200-day simple moving average is $85.68. The stock’s volatility over a week stands at 1.92%, decreasing to 1.91% over a month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.75 to suggest the stock is neutral.

Latest

The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Future Prospects Brighter For Red Cat Holdings Inc. (RCAT) Stock

The US Army has awarded Red Cat Holdings, Inc....

Newsletter

 

Don't miss

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Farmmi, Inc. (FAMI) Stock Soaring in Premarket, Here’s the Reason

Farmmi, Inc. (FAMI), a company that processes and sells...

Ulta Beauty Inc. (ULTA) last month performance of -6.16% certainly makes it a sizzling prospect

Ulta Beauty Inc. (NASDAQ: ULTA) open the trading on May 26, 2022, with great promise as it jumped 7.09% to $377.96. During the day,...

The key reasons why Alset EHome International Inc. (AEI) is -95.54% away from 52-week high?

Witnessing the stock’s movement on the chart, on May 26, 2022, Alset EHome International Inc. (NASDAQ: AEI) set off with pace as it heaved...

StoneCo Ltd. (STNE) latest performance of 2.97% is not what was on cards

StoneCo Ltd. (NASDAQ: STNE) established initial surge of 2.97% at $9.71, as the Stock market unbolted on May 26, 2022. During the day, the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here