You're right, maybe that article was a warning to luxury brands in the new China. That sentence seemed to suggest a trend that may be going worldwide, of youngsters caring less about ownership and putting more value in experiences and stories that can be shared. The rising coffee prices is the thing that seemed most certain in that article.
Oh, harsh! I do agree with your ideas though. Some SBUX coffee shops are just too stuffed for no obvious reason.
Reported after close today (7/21/16) Earnings: EPS $0.49 Revenue $5.2B Estimates: EPS $0.49 Revenue $5.33B Down 4.17% after hours so far
May be ready to break trend soon to the upside. Year end play into next year. Overpriced coffee that just got more expensive but demand remains fairly unresponsive. If SBUX can't attract 'new' foot traffic, then it has to make it in price. Better comps should come in 2017. FYI: Another name under GS conviction buy list for 2016. Goldman Sachs Maintains Buy on Starbucks, Adds To Conviction Buy List Date Firm Action From To Jul 2016 Goldman Sachs Maintains Buy Jul 2016 Goldman Sachs Maintains Buy Jul 2016 Wedbush Maintains Outperform
Showing some relative weakness. May be worthy of a call spread the closer the stock trades down to $53.
Analyst Upgrade/Downgrade Update Brokerage firm: Buckingham Research Change: Coverage Initiated Previous Rating: N/A Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
Channel Checks Indicate Starbucks Saw 4% Comps Growth In U.S. During Q1 benzinga.com/analyst-rating...$SBUX
$SBUX holding above the 200 day so far post earnings. Acted as support back in December. Let's see what happens
SBUX I still don't get it, they promised to do a good deed - give jobs to the refugees. And a lot of people want to boycott them, why?
Keep your pants on and your shares in your wallet, yes it will go lower a bit, but relax, be cool and hang on. SMART!
