Starbucks Corporation (NASDAQ:SBUX), together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice. It offers its products under the Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, Starbucks Reserve, and Princi brands. As of October 2, 2022, the company operated 17,295 company-operated and licensed stores in North America; and 18,416 company-operated and licensed stores internationally. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
- Market Cap: 120.565 billion
- PE Ratio: 37.12
- EPS: 2.83
- Dividend Yield: 2.02%
- Number of Hedge Fund Holders: 55
Starbucks Corporation is a Seattle, Washington-based operator of coffeehouses with a presence in 80 countries. The company has the distinction of being the operator of the biggest coffee house chain in the world. Experts are positive about the long-term investment thesis of Starbucks Corporation stock with slight short-term uncertainty. The strength of the brand, its focus on scale, innovation, rewards program, and positive outlook on coffee consumption will play in Starbucks Corporation’s favor.
CEO Howard Schultz is trying to reinvent Starbucks Corporation as the company is investing heavily in new equipment to drive greater efficiency and lower complexity of operations. It is focusing on expanding its cold coffee-based beverages segment, as 80% of the company’s top line is now being generated by cold beverages. Therefore, Starbucks Corporation is considered amongst the best restaurant stocks as the management plans to boost EPS by 15% to 20% annually in the following years.