Starbucks Corp (NASDAQ:SBUX) Earnings Model
Author: Abdulkarim Alodeh, Published: October 24, 2021 Category: Earnings Preview (Prior to the F4Q2021 SBUX Results)
Notes From the Model Developer: Due to the high uncertainty in the US economy in the last three months from the Delta variant, Inflation & concerns of economic peaks, and to be aligned with the management guidance, I expect the Comp Sales growth for Q4 2021 will be at the bottom of the management range which is 22%. Also, Looking at the historical data of the Comp Sales growth with 84% increase in the last quarter & my expectation of 22% increase for the next quarter. I believe Starbucks has already recovered from COVID impact & the growth cycle will go back to what it had before COVID...click to continue reading
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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.