It's Starbucks' World -- We're All Just Living in It
Starbucks' (NASDAQ: SBUX) fiscal fourth-quarter financial results showed investors that the world is slowly returning to normal. The behemoth coffee business registered record sales of $8.1 billion in the period. "Our strong finish to fiscal 2021, including record performance in the fourth quarter, demonstrates the resilience of Starbucks," said CEO Kevin Johnson in the company's latest earnings release.
It seems like you can't even go outside for five minutes without seeing the iconic green mermaid logo. Shareholders should be heartened by this dominance, and the restaurant stock has been gradually improving as the pandemic recedes -- up 19% over the past 12 months.
Image source: Getty Images.
Source Fool.com
