Why Starbucks's Stock Just Hit a New High

Starbucks (NASDAQ:SBUX) is the world's leading coffee retailer. Not surprisingly, the company had an exceptionally difficult year due to the pandemic; temporary store closures and social distancing measures caused revenue to drop over 11% in fiscal 2020, and earnings fell even further, down 73%. Yet Starbucks's stock is up 17% year to date, outperforming the S&P 500, and it recently hit a new all-time high, which may have investors thinking the stock is overvalued. Here's why they're wrong.
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Better Buy: Costco vs. Starbucks

Many readers out there are probably customers of both Costco (NASDAQ:COST) and Starbucks (NASDAQ:SBUX). And if your investing style focuses on quality businesses, they might just be in your portfolios as well. Costco's stock is up five-fold over the past decade, while Starbucks' stock is up over six-fold. What makes...
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What restaurants are open Christmas 2020? Starbucks, IHOP, Denny's and Dunkin' among options

Whether you want to grab a bite to eat or a cup of coffee on Christmas Day, your options are limited. Most major restaurant chains will be closed Friday but many Starbucks, McDonald's and Dunkin' locations will be open, along with IHOP, Denny's and Waffle House. It's often a franchise decision whether a restaurant opens on holidays so check with your closest location before heading out.

Starbucks plans to open about 22,000 stores in the next ten years

New York (CNN Business) — It may seem like there's already a Starbucks on every corner. But the company is still planning on adding tens of thousands more locations in the coming decade. Starbucks said at an investor event Wednesday that it plans to increase its store count to about...

Christmas Day 2020: What’s open, what’s closed on Dec. 25? Starbucks, Walmart, stores, more

Christmas Day is a federal holiday, meaning you can expect government offices and most businesses to be closed on Dec. 25. Major retailers such as Walmart, Target, Best Buy and Kohl’s are closed, but there are a few places that will be open in case you need to grab that (really) last-minute present. In some cases – like Starbucks - only select locations will be open. Coffee lovers may be able to get their dose of caffeine at Starbucks but not all stores will be open or following their regular schedules.

Mellody Hobson becomes Chairwoman of Starbucks

Mellody Hobson becomes Chairwoman of Starbucks, making her the first black chairwoman of an S&P 500 company. She succeeds Myron Ullman II as chairman when he retires in March. A member of the Starbucks board since 2005, Mellody Hobson is one of the most recognized Black Investors in the country. The Co-CEO of Ariel Investments, she helps run the country’s largest black-owned and managed investment companies. Listed by Forbes as one of the most powerful women, Hobson is a graduate of St. Ignatius College Prep and Princeton University. After joining Ariel after college as an intern, she rose through the ranks, becoming president of the company in 2000.

Starbucks Christmas Eve Opening Hours

On Christmas Eve, many food and drink chains may be on a reduced schedule ahead of the Christmas Day holiday. Most Starbucks branches are open on December 24 but opening and closing times vary by location. Many Starbucks stores are typically open daily from around 6 a.m to 8 p.m....

Here's What Starbucks' Holiday Drinks Look Like Around the Globe

Some of them put your usual Peppermint Mocha to shame. Starbucks holiday drinks signal the unofficial start of both winter and the holiday season. That first sip of Peppermint Mocha is like a one-way ticket to the North Pole, which is great because traveling isn’t really an option right now. Just because we’re stuck at home, doesn’t mean we can’t imagine all the places we’d like to be and the flavors we’d try if we could. Like Starbucks’ other holiday drinks, maybe.

Want to Grow Your Money? Buy Starbucks

This morning ritual may sound familiar these days. Needing to take a break while you work from home, you drive to a Starbucks (NASDAQ:SBUX) to quickly grab a pumpkin spice latte, one of the coffee chain's most popular drinks. The company is almost ubiquitous around the globe with more than 18,000 stores in the U.S. and 14,000 in the rest of the world. Its growth has been remarkable: Starbucks had 16,858 stores at the end of fiscal 2010, but it wrapped fiscal 2020 with almost double that number, good for a compound annual growth rate of close to 7%.