Starbucks Corporation’s Stock Price Soars to $89.91, Marking a Positive Jump of 2.82%

Starbucks Corporation (SBUX)

89.91 USD +2.47 (+2.82%) Volume: 5.42M

Starbucks Corporation’s stock price has experienced a rise in the trading session with an increase of +2.82% at 89.91 USD, backed by a robust trading volume of 5.42M. Despite the recent gains, the stock reveals a decline of -7.25% Year-to-Date (YTD), reflecting its overall performance in the market.

Latest developments on Starbucks Corporation

Starbucks Corp stock price faced turbulence today as over 300 US stores were affected by a barista strike on Christmas Eve, with unions reporting expansions to additional cities and states. The strike, which began with closures in a few locations, quickly spread across the country, resulting in nearly 60 stores shutting down. This widespread action, involving thousands of workers, comes amidst wage negotiations during the busy holiday season. The company’s stock price sank amid these developments, as market conditions fluctuated. Additionally, labor disputes in Washington and accusations of illegal anti-union campaigns have added to the challenges faced by Starbucks Corp during this period of unrest.

Starbucks Corporation on Smartkarma

Analysts on Smartkarma have provided varied coverage of Starbucks Corp, offering insights into the company’s performance and strategies. Ming Lu‘s report highlighted Starbucks’ CEO of China denying rumors about selling its Chinese businesses, along with updates on other companies like Chow Tai Fook and SAIC. On the other hand, Baptista Research’s analysis focused on Starbucks’ recent struggles, with disappointing fourth-quarter results and a new CEO, Brian Niccol, implementing a radical strategy to win back customers by improving service and operational strategies.

Furthermore, Baptista Research’s other report delved into Starbucks Corporation’s financials, noting a mild revenue increase in the third quarter of fiscal year 2024 but highlighting a decline in global comparable store sales, particularly in China. The analysts provided a balanced perspective on Starbucks’ performance, identifying both strengths and areas for improvement in the company’s expanded digital offerings, rewards program growth, and other major drivers influencing its market position.

A look at Starbucks Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Starbucks Corp has received a high score in Resilience, indicating that the company is well-equipped to withstand economic challenges and market fluctuations. This suggests that Starbucks has a strong foundation and is likely to continue performing well in the long run, despite any potential obstacles it may face.

While Starbucks Corp scored lower in Growth and Momentum, indicating a moderate outlook in these areas, the company received a high score in Dividend. This suggests that Starbucks is committed to providing returns to its shareholders through regular dividend payments. Overall, based on the Smartkarma Smart Scores, Starbucks Corp appears to be a resilient company with a solid dividend policy, positioning it well for long-term success in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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