3 Stocks That Look Just Like Starbucks in 1992
When Starbucks (NASDAQ: SBUX) went public 25 years ago, it was still a small company. Barely $93 million in annual sales in 1992 generated just $4.1 million in profits, earned from a base of just 154 stores. But already, the seeds of growth were evident. In that year alone -- 1992 -- Starbucks' sales grew 62% from the year prior, and earnings were up 70% from 1991. Starbucks' store count had grown by 53 -- better than 50% growth.
Since then, Starbucks has grown into a coffee-brewing empire spanning more than 25,000 stores, with plans to open 12,000 more over the next five years. By then, say analysts, Starbucks could be earning more than $5 billion annually on sales of nearly $34 billion.
Are there any stocks out there today that resemble Starbucks in 1992? Polling our best investors here at the Fool, we came up with three good bets: Ulta Beauty (NASDAQ: ULTA), Proto Labs (NYSE: PRLB), and GrubHub (NYSE: GRUB).
Source: Fool.com
Starbucks Corp. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 98 € shows a positive potential of 40.87% compared to the current price of 69.57 € for Starbucks Corp..
