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Starbucks Corp (NASDAQ:SBUX) Earnings Model  

Author: Travis VanDusseldorp, Published: July 19, 2019 8:20pm Category: Earnings Preview (Fiscal 3Q2019)

Model Summary: The primary drivers of this model are net new stores, comp store sales, and operating expenses. In the model I predict improvement in the Americas segment driven by growth in store numbers and improvement in comp store sales from the loyalty program. I am also modeling a stronger push into the CAP segment with pressure on operating margins driven by increasing competition from Luckin and other brands.
SBUX Earnings Model (Travis VanDusseldorp).xlsx
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File Type: xlsx
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Primary Model Assumptions for the Americas and CAP Segments

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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.
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