Where Will Starbucks Stock Be in 3 Years?

' (NASDAQ: SBUX) shareholders are hoping that a double shot of caffeine can boost the company's prospects. Investors aren't happy with the latest challenges. Shares have been a huge disappointment, down 20% in the past five years and off 39% from their July 2021 peak.

Maybe Starbucks can turn things around and produce solid returns going forward. Where will this top restaurant stock be in three years?

Starbucks just provided a financial update for its fiscal 2024 third quarter (ended June 30), and the results weren't encouraging. Revenue of $9.1 billion represented a 1% year-over-year decline. This was driven by 2% and 7% same-store sales dips, respectively, in the U.S. and internationally. The company's main challenge has been declining foot traffic at its locations, which is something no restaurant chain wants to see.

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Source Fool.com