Michael Pesenti's Contributor Page
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Company: Starbucks Corp (NASDAQ:SBUX)
Last Updated: July 23, 2019 (Prior to the F3Q2019 SBUX Results) View: Bullish Model Summary: This model is driven by changes in net total new stores added and comp store sales, primarily in the China-Asia-Pacific (CAP) region. I am forecasting a beat on management’s target for stores added on the premise of the new market entrant, Luckin Coffee, providing impetus for Starbucks to ramp up its presence in the region to maintain its market share. I also expect strong comp store sales growth in the CAP region due to the rising popularity of coffee in China.....Click here to continue reading |
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Michael is a rising junior studying finance at Rutgers Business School, and is from Glen Rock, New Jersey. He is a member of the Rutgers Road to Wall Street program and Rutgers LIBOR (Little Investment Bankers of Rutgers). In his free time he enjoys working out and spending time with friends.
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.
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.