3 Things About Starbucks the Smartest Investors Know
(NASDAQ: SBUX) likely needs no introduction as its popular caffeinated beverages have made the business a household name. The company generated sales of $33 billion in the last 12 months, indicative of its huge scale.
But this dominance hasn't rewarded shareholders lately since the stock is down 28% from its all-time high and 8% this year. Before buying shares, it's best to gain a better understanding about the business. So here are three things that the smartest investors know about this top restaurant stock.
One would assume that the United States remains a key market for Starbucks. And that would be an accurate assessment. During the company's latest fiscal quarter (Q3 2023, ended July 2), revenue in the U.S. represented 69% of overall business sales. It's clear that the coffeehouse chain still depends heavily on its home country.
Source Fool.com
Starbucks Corp. Aktie
Starbucks Corp. als klarer Gewinner: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein positives, aber moderates Potenzial für Starbucks Corp. mit einem Kursziel von 94 € im Vergleich zu 83.28 €.
