Starbucks Corp (NASDAQ:SBUX) Earnings Model
Author: Christian Cavanaugh, Published: July 21, 2019 11:40am Category: Earnings Preview (Fiscal 3Q2019)
Model Summary: This model projects future earnings based on revenue growth and comparable store sales for the company's three main regions: Americas, China/Asia Pacific, and EMEA. My model suggests that SBUX will have decent earnings for the next two quarters due to recent improvements in their customer loyalty program and new beverage success. However, this will be combated by competition in China and the continuation of the economic downturn in Europe. In 2020, I expect SBUX to run out of steam as economic growth possibly slows down in the United States because of geopolitical tensions and the upcoming presidential election.
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.