When does Starbucks rebound internationally? Very important key piece of the business for them.Īnd again, Starbucks, is it immune from the labor shortage? I know they always like to play up the fact that they were leading in terms of paying their baristas a lot more. That is likely to weigh on Starbucks' longer term earnings power. Maybe you spend half, or maybe you don't go there at all. The days of spending $25 a day at a Starbucks location is, in fact, probably over. Any concerns about COVID variants could impact the travel season, and the longer term travel outlook, and weigh on Starbucks shares. Starbucks operates about 14, more than 14,000 stores overseas. Even if they go back to the office, are they packing their own coffee? Are they still going out for that mid-afternoon break, or are they actually just hopping back in an Uber or Lyft and going back home? Unclear.Īnd then secondarily, it is also interesting to see the stock lag as COVID variants overseas start to pick up, and more reports of those start to pick up. There is uncertainty if consumers do go back to Starbucks stores to the extent they did pre-pandemic. And I think that basically sums up why you're seeing Starbucks shares really lag here. Restaurant analyst John Ivankoe, he says, quote, consumption habits now largely broken in the US may take time to rebuild. Recent research note out of the folks at JPMorgan. Yum! Brands, KFC and Taco Bell, that stock is up 8%.Īnd I came across a good quote. That stock is underperforming Restaurant Brands, that is the Burger King and Tim Horton's owner. You look at Starbucks shares, only up 3.7% so far year to date. I track it closely, and I looked at it here again. Certainly oat milk, but of course, many syrups, and you guessed it, cups, as people come back to the restaurants.īut ultimately, this causes me to take a look at Starbucks stock. But it does come after we reported last week, and also the Wall Street Journal, that Starbucks is seeing shortages in many products. So it sounds to me a lot more time consuming just to use this reusable cup. You then get handed back your drink, and you can go on your merry way. The company says beverages are made contact free. They will then put the cup in a ceramic mug and transport it throughout the Starbucks restaurant. A barista will check the cleanliness of your cup, and you keep the lid. It's not the same as it was pre-pandemic. Let me walk you through the process, because it's pretty ridiculous here. And to your point, as you mentioned, Myles, after a 15 month delay. Nonetheless, they're coming back on June 22nd second to all US company operated Starbucks stores. They used to sell these reusable cups at the checkout register for, I believe, $1. BRIAN SOZZI: Has to be properly endorsed, has to be a Starbucks cup.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |