How Has Starbucks Stock Performed Since the COVID-19 Pandemic Began?
Starbucks (NASDAQ: SBUX) fell 40% from peak to trough as a direct result of the pandemic. It has since recovered a large chunk of the losses, yet this iconic large-cap growth company is still 22% off its all-time high of roughly $100/share last July.
In its most recent quarter, the global coffee giant posted a 38% revenue decline and reported earnings-per-share (EPS) of $-.46 vs. $0.78 just one year ago. The pain was entirely attributable to COVID-19. Interestingly, average ticket size per customer actually rose by 25% during the period meaning that the profit and sales declines were driven by steep declines in customer traffic.
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Source Fool.com
