Reported 12 months ago
Starbucks (NASDAQ: SBUX) has seen a 37% decline from its peak in July 2021 despite a steady rise in dividends since 2010, with a current yield of 2.9%. The stock dipped 16% following a decline in same-store sales in the second quarter of 2024, prompting a lowered revenue guidance for fiscal 2024. However, long-term investors can find reassurance in Starbucks' solid business fundamentals, including a strong brand, profitability, and global expansion plans. With shares trading at a low price-to-sales ratio, there is a potential buying opportunity for investors looking ahead to the next few years.
Source: YAHOO