Joshua Egan's Contributor Page
Company: Starbucks Corp (NASDAQ:SBUX)
Last Updated: July 17, 2019 (Prior to the F3Q2019 SBUX Results)
View: Bullish, driven by strength in the Americas, offset to some extent by the CAP Segment.
Model Description: The primary drivers of this model are the estimates of comp store sales, net new stores, and the ratio of operating expenses (excluding depreciation) as a percentage of revenue, for each geographic region. Management's guidance is used as a reasonableness check against the forecasts entered into this model. Key assumptions include increased competition in China over the next few quarters from Luckin and other companies, an intensified economic downturn in Europe, and stronger results in the U.S. driven by the recent changes to the customer loyalty program and new beverage launches. As a result of these assumptions, I am modeling a strong improvement in the Americas revenue and operating margin over the course of the next four quarters...click to continue reading
Disclosure: The author of this article/model has no financial investment or other conflict of interest related to the subject company or other companies discussed. Any views made or implied in the content represent the author’s opinions.
Joshua is an undergrad in the College of Arts and Sciences at Cornell University (class of 2022) studying Economics and Statistical Science. Having interned with a leading broker/dealer in Pittsburgh, he has extensive experience with the financial services industry. He currently serves as a Business Analyst for the Cornell Finance Club, where he competed in the Lazard stock pitch competition and took first place at the Citi event in the NYC headquarters. His team pitched Quanta Services, with a focus on tight oil/gas distribution bottlenecks and strategic acquisitions. Josh is the CFO/Treasurer for the Cornell International Business Association, and assists the President/CEO in financing matters, including budget drafting to Student Activities Financing Commission. Additionally, he is an Article Referee for the Cornell Economics Society, and edits/revises senior theses covering topics related to economics/statistics. On campus, Josh is an active player on the Men's Club Baseball team.