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Starbucks shares — which for years have traded at relative premiums to competitors — trade on a trailing 12-month price-to-sales ratio of 2.87 times.
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.
Global transactions fell 6% but Starbucks stock was counterintuitively up 7% as of 12:30 p.m. ET. As fiscal 2024 was wrapping up, the backwards momentum for Starbucks' business was certainly ...
Starbucks (SBUX) named Laxman Narasimhan as its new CEO, effective April 1st, 2023, as the company faces unionization efforts, ongoing inflation, and dampened sales overseas.
Consistent and sizable dividend raises paired with a languishing stock price have boosted Starbucks' yield to 2.7% -- which is considerably higher than the S&P 500's dividend yield of 1.2%.
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Following the news, Starbucks' stock price rose nearly 7% after market close, having fallen more than 21% in the past year. On Monday, shares opened lower, down roughly 3%.
In the latest quarterly results, the company reaffirmed its 2024 guidance, which it revised following Q2. The company said it expects 2024 global revenue growth in the low-single digits, down from ...