📊 The company's financial report for the first quarter exceeded expert forecasts....

📊 The company's financial report for the first quarter exceeded expert forecasts. Starbucks revenue grew 8% year over year to $9.4 billion. Sales increased 5%, primarily due to sales of products in the US and China. Earnings per share (EPS) rose 20 cents to $0.90, while operating margin increased to 15.8%. Analysts expect Starbucks' global revenue to grow 7% to 10% this year, with earnings per share expected to grow 15% to 20% for the year.

📰 Discussions continue regarding the potential acquisition of a minority stake in Starbucks in the Middle East. The franchise is currently owned by AlShaya Group. The block of shares is estimated at $4-5 billion and is claimed by Apollo Global Management and the Public Investment Fund of Saudi Arabia (PIF). The deal is currently under discussion.

Analysts recommend buying SBUX shares with a target of $105

14.02.2024