SBUX - Starbucks: Key Factors To Monitor In Search For The Turnaround

2024-06-20 11:38:02 ET

Summary

• Starbucks Corporation is one of the worst-performing restaurant stocks in 2024, and rightfully so.
• The company had to downgrade its guidance twice in the last two quarters, as comparable sales are declining.
• Starbucks checks none of my boxes when it comes to investing in the sector.

Starbucks Corporation ( SBUX ) investors should be frustrated. How can they not be? In a year when the only sector that seems to keep up with semiconductors is food service, the stock is down almost 15% and is now trading 36% below its all-time highs.

Starbucks is still one of the strongest brands in the world, but the company needs a turnaround, on many fronts....

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