Starbucks might be about to surprise Wall Street

[fahdforex]

 

For years Starbucks’ shares have mirrored the company’s phenomenal success. However, recently the coffee giant has come under attack from McDonalds and other fast food giants as well as indie coffee shops. This has been reflected in the value of their share price.

After reaching a peak price of $64.87 in June, Starbucks’ shares are down 1.41% overall this year. However, Starbucks has expanded into new territories and brought greater convenience to its clients with the use of innovation. This has prompted some analysts to predict that the coffee-making giant will surprise Wall Street when it releases its fourth-quarter earnings on November 2.

Starbucks experienced tremendous growth between 2011 and 2016 with sales growth above 5%. It all changed in the third quarter of 2016 when sales growth was just 4% while for the first time transaction growth was flat. For the next quarter, sales growth remained below 5% while transaction growth was negative (-1%).

 

For More Detail : Starbucks might be about to surprise Wall Street

[pradegxs]

Coffee consumption is really high in the world, these companies will be always highly profitable and generate stable profit. That's why its wise to make long term investments in them. Wish Hotforex would add such stocks as CFD in trading platform. 

[Fernd]

I think that the sturbuks company was not particularly affected by these events. The company has long been on the market and will be able to survive such trouble with ease, but ordinary traders can use the fall of shares.