Nasdaq sbtx driver#

Nasdaq sbtx driver#

Starbucks' Global Expansion Could Be Its Biggest Growth Driver After all, it's a longer-term, multi-year plan that could bring the magic back to the Seattle-based coffee chain. Even if we are in for a hard landing for the economy in 2024, don't expect Starbucks to gravitate off its new strategic growth pathway.

Laxman enough time to execute Starbucks' new plan as we enter a potentially rough environment for the consumer. Don't forget - Starbucks stock has averaged a trailing GAAP P/E multiple closer to 50 times over the last five years. However, given that the multiple isn't a heck of a lot higher than the likes of restaurant plays lacking on the growth front - think Yum! Brands ( NYSE:YUM), which goes for nearly 24 times trailing P/E - I'd argue Starbucks ought to be worth north of 30 times P/E once again. If Starbucks can deliver in the three key areas it outlined, I do not doubt that Starbucks stock will be more deserving of a higher multiple again.Īt writing, shares of Starbucks trade at 28.6 times trailing price-to-earnings (P/E) - arguably a solid multiple for a growth stock. Thank the Triple Shot StrategyĪs a part of the Triple Shot Reinvention plan, Starbucks aims to restore the power of the brand (it's lost a bit of its luster in recent years), improve its digital presence, and ramp up its global store expansion. Starbucks Stock is Starting to Feel Caffeinated Again. As such, I'm staying bullish on the name, as its new strategy is likely to also take SBUX stock to new heights.

Further, CEO Laxman Narasimhan looks capable enough to take the company to new levels.