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.
Headlines
What Cramer is watching Wednesday — bonds crush us, J&J sets $5 billion buyback, Starbucks raises
CNBC 09-14-22
Starbucks Spills the Beans on Its Future
The Wall Street Journal 09-14-22
Trading - Stocks making the biggest moves premarket: SoFi, Nucor, Starbucks, CSX & more
Business Mag 09-14-22
''We are Buyers Here'': Analysts Discuss Starbucks Stock After Investor Day
Investing.com 09-14-22
Starbucks Launches The “Starbucks Odyssey” Program For Immersive Web3 Experiences
Coinpedia 09-14-22
As 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 -
sourceIt's ok everyone sbux just saved the market
kemar7856 - 6 upvotes -
sourcePuts 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 -
sourceShort SBUX
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 -
sourcesbux giving 3 year guidance to cover up for next quarters shitty guidance lmao
Tough_Bug_783 - 3 upvotes -
sourceSbux is the new growth stock of 2022
WorkingCorrect1062 - 2 upvotes -
sourceSBUX shouldn't exist
Odd-Ask-139 - 2 upvotes -
sourceneed that sbux if u gonna go job hunting.
Delco4545 - 1 upvotes -
sourceNo one cares about sbux def shorting here
jer72981m - 1 upvotes -
sourceinflation wildly important for SBUX