Starbucks Corp (SBUX) is trading 5% higher at $91.92 today. While it's generally been a mildly optimistic day for this part of the market, the company is quickly surpassing it's peers in the Consumer Discretionary sector.
- Starbucks expects to see 15-20% growth in EPS each year for the next three years
- The company plans to expand its Starbucks Rewards program and tie it into external loyalty programs
- Outgoing CEO Howard Schultz says that Starbucks is projecting double-digit growth for revenue and EPS
Starbucks Corp has been trading between a 52-week high of $115.73 and a 52-week low of $68. The stock has a market cap of $105 Billion.
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with nearly 33,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.
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09-14-22As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:
Spektoritis - 9 upvotes - source
It's ok everyone sbux just saved the market
kemar7856 - 6 upvotes - source
Puts on sbux nobody is buying shit ppl are just here on their laptops.nobody is in line. Yet it taking them forever to make my drink
googley_me - 3 upvotes - source
VisualMod - 3 upvotes - source
>\*STARBUCKS SEES MORE THAN 25K INTERNATIONAL STORES IN NEXT 3 YRS $SBUX ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-09-13 ^14:40:52 ^EDT-0400
nicelogin - 3 upvotes - source
sbux giving 3 year guidance to cover up for next quarters shitty guidance lmao
Tough_Bug_783 - 3 upvotes - source
Sbux is the new growth stock of 2022
WorkingCorrect1062 - 2 upvotes - source
SBUX shouldn't exist
Odd-Ask-139 - 2 upvotes - source
need that sbux if u gonna go job hunting.
Delco4545 - 1 upvotes - source
No one cares about sbux def shorting here
jer72981m - 1 upvotes - source
inflation wildly important for SBUX