3 Green Flags for Starbucks Stock, and 1 Red Flag
Starbucks (NASDAQ: SBUX) has taken it on the chin lately. The company has dropped 27% over the past year, far worse than the Dow Jones Industrial Average's 6% decline.
Supply chain shortages, a looming recession, and inflation certainly haven't helped Starbucks' share price recovery, yet they weren't the highlights of the company's fiscal third-quarter results, which ended July 3 and were reported on Aug. 2.
Let's examine the quarter's highlights and the main concern that weighed on Starbucks' solid performance.
Source Fool.com
