It's Taking a "Latte" Time to Get That Coffee. Long Wait Times Have Hurt Starbucks Stock -- Can It Rebound?
If you've noticed that it takes longer to get your coffee or latte from (NASDAQ: SBUX), you're not alone. This has been leading to increasingly frustrated customers and helped play a part in the company reporting disappointing fiscal second-quarter results that saw sales decline 2% to $8.6 billion. It was its first quarterly revenue decline since 2020 when COVID-19 affected sales.
Starbucks' operational issues have hurt its stock price as well, which is down more than 15% over the past year, while the S 500 is up more than 25% over the same period.
Let's look at what is causing Starbucks' long wait time issues, what it's looking to do to fix the problem, and whether the stock can rebound from its recent missteps.
Source Fool.com
Starbucks Corp. Stock
€84.00
0.910%
The stock is one of the favorites of our community with 31 Buy predictions and 1 Sell predictions.
As a result the target price of 94 € shows a slightly positive potential of 11.9% compared to the current price of 84.0 € for Starbucks Corp..
