Starbucks

Starbucks (NASDAQ:SBUX) same-store sales grew 5% in the first quarter of 2023, compared with analyst expectations of 6.79%; Net income for the first quarter of 2023 was $8.7 billion, compared to analysts’ expectations of $8.75 billion; North American same-store sales in the first quarter of 2023 increased by 10%, compared with analysts’ expectations of 9.54%; International same-store sales fell 13% in the first quarter of 2023, compared with analysts’ expectations of a 3.87% decline.

Starbucks (NASDAQ:SBUX) stock price trend forecast and trading range analysis: 2023.1.3 From the stock price chart analysis, the recent stock price continues to be in the medium-term uptrend, the recent stock price moved between $95 and $105, short-term trading strategies can sell high and buy low above the support,  or hold. If the stock price breaks above the $105 pressure upwards, the target price can be raised to $120. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was $8.414 billion, the market estimate was $8.32 billion, YoY+3.28%, net profit was $878 million, YoY-50.22%, EPS was $0.76, YoY-48.99%. Quarterly dividend of $0.53 per share. Adjusted earnings per share for the fourth quarter were $0.81, versus market estimates of $0.72, compared to $0.99 from Q4 2022. The brand advantage is obvious, the business continues to recover, but the stock price is not cheap, and the