Oddbean

Is It Time to Sell Starbucks Stock? ========== Starbucks reported a drop in revenue for the first time since the height of the pandemic. Sales in China, the company's largest single market outside the U.S., dropped 11%. The company is facing stiff competition from Luckin Coffee in China, which is undercutting Starbucks on price. In the U.S., comparable store sales declined 3% and transactions dropped 7%. The company is taking steps to address these issues, including a major shakeup in global leadership. It is too early to sell or buy Starbucks stock. #Starbucks #StockMarket #Revenue #China #Competition #UsMarket https://www.fool.com/investing/2024/06/02/is-it-time-to-sell-starbucks-stock/