Starbucks Corp (NASDAQ:SBUX) Earnings Model
Published: March 19, 2023
Model Forecast Thesis: Starbucks will open more stores this year as more and more companies started to shift to offline work instead of online work (in the US & other countries). The average revenue per share will increase because of new products and technology innovations that attract customers and shorten the waiting time to purchase the coffee. In addition, cost of goods sold is still increasing due to increasing inflation.
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.