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Shares of coffee giant Starbucks (NASDAQ: SBUX) popped on Wednesday after the company reported financial results for its fiscal first quarter of 2025 -- the first quarter of its hopeful turnaround.
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Starbucks started as a growth stock but has since transformed into a highly reliable dividend stock with a forward yield of 2.6%. The dividend has become a core part of Starbucks' investment thesis.
At the time of this writing, Starbucks (NASDAQ: SBUX) has tumbled a painful 8.7% over the past week -- likely due to soaring Arabica coffee bean prices and a broader market sell-off. Starbucks is ...
Data source: Starbucks. Starbucks' 2023 fiscal year ended Oct. 1, 2023. For the fiscal year ended Oct. 1, 2023, Starbucks saw record-setting consolidated net revenue of $36 billion.
According to data from S&P Global Market Intelligence, Starbucks shares were up 25.4% as of 12:25 p.m. ET for the week. Person receiving a Starbucks order through a car window. Image source ...
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