Starbucks Corporation


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SKU: SBUX Category:


Starbucks had a phenomenal quarter on the revenue front as the company gained powerful momentum with a staggering 73% jump in comparable-store sales. There was a 75% increase in the total transactions at Starbucks outlets across the globe but the management did carry out a marginal drop in average pricing. Cold beverages were a major growth driver in the quarter. Its aggressive store expansion continues as the company added a net of 352 stores in the recent quarter with the goal of adding 1100 stores for the 2021 fiscal, 600 of which will be in the Chinese market. Inflationary pressure associated with raw material prices and logistics costs did weigh on Starbucks’ margins and the company also faces high labor costs which could be a red flag. The management has raised the guidance for 2021 which is a positive sign. We maintain our ‘Hold’ rating with a revised target price.

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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