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Coffee stock #5: Starbucks (SBUX)

 Aug 09, 2009 06:00 PM UTC
Return Risk
+5.15% LOW
Tracked Blogger
Symbol Sentiment Start Return Closed
SBUX n/a

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Filed under: Starbucks (SBUX)

starbucks top coffee stockOn Tuesday, July 21, brewing behemoth Starbucks (NASDAQ: SBUX) bested Wall Street earnings estimates for the second quarter. The Seattle-based coffee giant reported earnings of $151.5 million in the period, driven by cost-cutting efforts and the downsizing of underperforming stores. Starbucks has now closed at 676 U.S. locations and almost 100 abroad.


For years, Starbucks was the darling of Wall Street. It seemed to do no wrong. The shares vaulted from less than 70 cents a piece in 1992 to $40 by 2006. But Starbucks wasn't managing its growth very well, and they opened too many stores far too quickly. As a result, shareholders paid the price.


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Coffee stock #5: Starbucks (SBUX) originally appeared on BloggingStocks on Sun, 09 Aug 2009 13:00:00 EST. Please see our terms for use of feeds.

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