2 Reasons Investors Poured Cold Brew All Over Starbucks Stock Following Earnings
At first glance, one might have thought that the Starbucks (NASDAQ: SBUX) earnings report would go over like a hot, smooth jolt of espresso. Instead, stockholders treated it like a stale, chilly cup of cold brew.
The company experienced massive year-over-year sales increases and even reported 10% comparable sales growth over two years, signaling a recovery from the pandemic. Nonetheless, the state of its primary growth market and a closer look at Starbucks stock itself could make investors jumpy.
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Source Fool.com
