Starbucks Corporation


SKU: SBUX-1 Category:


Starbucks delivered a mixed result in the second quarter of 2021 where revenue missed estimates, but the bottom line remained strong owing to double-digit comparable-store sales growth. The company has shown visible signs of recovery over the past few quarters as vaccination roll-outs improve across the world. Moreover, digital growth remains the key growth driver behind a robust sales recovery in the U.S. with Starbucks Rewards’ contribution to the business continuing to exceed pre-COVID levels. Also, the upside of DeepBrew, the company’s artificial intelligence (AI) engine helps in improving customer experience and may act as a solid growth catalyst in the future. The growth in China remains positive and along with that it is evident from the recent quarter that the company has made a full recovery from the pandemic in key markets like the U.S. With management’s plans to set up Starbucks Pickup stores in busy locations and keeping traditional cafe formats in suburban areas and gradual recovery of the economy, we believe that Starbucks is poised for growth in 2021.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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