SBUX - Sipping On Growth: Why Starbucks Is A Compelling Buy Ahead Of Q1 Earnings
2024-01-25 13:01:10 ET
Summary
- Starbucks is seeing aggressive competition from local coffee shops and even McDonald's.
- China has grown at a slower-than-expected pace.
- Yet, the reinvention plan seems to be working well, with SBUX likely to beat earnings.
- In an expensive market, I explain why Starbucks keeps on being one of the best deals I currently see.
Introduction
As a new chapter of the coffee wars seems about to be written due to McDonald's ( MCD ) opening of its new concept CosMc's , it becomes even more interesting while getting ready for Starbucks' ( SBUX ) upcoming earnings report....
Sipping On Growth: Why Starbucks Is A Compelling Buy Ahead Of Q1 Earnings