This Can't-Miss Part of the Starbucks Earnings Call Could Show Where the Company Is Headed
(NASDAQ: SBUX) reported its Q4 and full-year fiscal 2023 earnings on Nov. 2. The results were nothing short of incredible, including all-time high quarterly and full-year revenue, higher operating margin, and higher average ticket sales and order volumes.
Starbucks is at the top of its game. A lot of the credit has been going to its rewards program and mobile order and pay -- and rightfully so.
But one of the more overlooked aspects of Starbucks's success has been its ability to evolve its beverage and food menu. Let's take a closer look at the impact some of Starbucks's newer items are having on the business, and where the coffee stock could be headed from here.
Source Fool.com
Starbucks Corp. Stock
€86.88
0.120%
The stock is one of the favorites of our community with 34 Buy predictions and 1 Sell predictions.
As a result the target price of 98 € shows a slightly positive potential of 12.8% compared to the current price of 86.88 € for Starbucks Corp..
