Pro Research: Wall Street dives into Starbucks' strategic brew
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Starbucks Corporation (NASDAQ:SBUX), known for its signature coffee and presence across the globe, is a subject of interest on Wall Street as it navigates through fluctuating market conditions. With its shares traded on NASDAQ:SBUX, the company has been scrutinized by analysts for its performance, particularly after its fourth fiscal quarter of 2023 and looking ahead into 2024.
Analysts have recognized Starbucks' strong fourth fiscal quarter results, especially highlighting the company's operational efficiency and margin improvements. With a robust conviction in Starbucks' ability to sustain at least 15% EPS growth in FY24 and beyond, there is a sense of optimism about the company's strategic direction.
In the U.S., Starbucks has set an ambitious guidance of +5 to +7% same-store sales (SSS) growth for the full 2024 fiscal year. However, there are concerns that trends may have softened throughout the first quarter, which could potentially impact the company's ability to meet these targets. In China, a significant market for Starbucks, there is an expectation of a substantial miss in first-quarter SSS
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