Starbucks Corp
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Starbucks Corp (SBUX) Stock News
The latest SBUX headlines and market coverage — 3 recent stories, updated throughout the day.
- Zacks Investment Research·
SBUX's Digital Menu Rollout Nears 90%: Can It Lift Afternoon Sales?
Starbucks is rolling out digital menu boards to 80-90% of stores by September to boost afternoon daypart sales through improved merchandising and product innovation. The strategy includes promoting Refreshers (showing double-digit growth) and food items, with Q3 results showing 7.9% comparable sales growth and record food attachment. However, competitors McDonald's and Dutch Bros are also aggressively targeting afternoon occasions with beverage innovation.
- Zacks Investment Research·
Starbucks (SBUX) Dips More Than Broader Market: What You Should Know
Starbucks stock fell 2.57% to $96.52, underperforming the S&P 500's 0.45% decline. The stock has dropped 8.2% over the past month, lagging its sector's 5.39% loss. While upcoming earnings are expected to show 36.54% EPS growth, revenue is projected to decline 3.17% year-over-year. The stock holds a Zacks Rank #3 (Hold) rating and trades at a premium Forward P/E of 38.3 versus its industry average of 21.48.
- Zacks Investment Research·
Earnings Growth & Price Strength Make Starbucks (SBUX) a Stock to Watch
Starbucks (SBUX) has been added to the Zacks Focus List, with eight analysts revising earnings estimates higher in the last 60 days. The company's consensus estimate increased to $2.58, and earnings are expected to grow 21.1% for the current fiscal year. Since being added to the Focus List in August 2019 at $95.93, shares have increased 8.9% to $104.47.