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Starbucks is still going down!☕

Shares of coffee company Starbucks continue to fall after announcing 2Q 2024 results!

The company announced a full year decline in revenue for the first time since the end of 2020 18 %.

Starbucks $SBUX+0.7% is looking to improve the situation by improving service efficiency, offering more discounts, launching new products and other solutions. However, the company also expects the recovery process to take longer, which is reflected in its reduced full-year revenue growth forecast. Therefore, Laxam Narasimhan, the current CEO of Starbucks ,is in a challenging situation. However, investors are pressing on, and given the doubts about the company's growth prospects, they want to see a concrete plan to reignite demand and restore confidence inStarbucks'future .

SBUX

Starbucks

SBUX
$78.87 $0.56 +0.72%

But the dividend yield of over 3% could be interesting.
The price is currently around $73 and is down more than 17 %.

SBUX

Starbucks

SBUX
$78.87 $0.56 +0.72%
Fair Price: $39.40
Fygdmm: 84.52%
Undervalued
Overvalued
Dostupné pouze členům Bulios Black

What's your take on Starbucks stock? Do you see potential in them and at what price for the rest of the year, or would you rather wait?


The company is great, but I don't have it in my portfolio as I don't need it and have other stable stocks there.