I respectfully disagree on the burned taste. But perhaps you live in some nice metro area with lots of options. Here, I have SBUX or THI. Or Second Cup. SBUX wins. And I guess the taste, burned or otherwise, has grown on me.
Fair enough. Admittedly I do live in a city where hipsters have educated me on the elaborate flavor profiles of light roast, single origin coffees. If you really like coffee, and are not just in it for the caffeine, consider buying a Chemex, some good beans from stumptown or blue bottle, and treating yourself on the weekends when you have more time.
SBUX is extremely popular in China, not sure about the penetratino rate there since I don’t really follow it but if it’s true that it is relatively untapped it could be bigger than the us.
Howard Schultz announced he’s stepping down from leading the coffee giant, sending shares of SBUX stock plunging in after-hours trading.
In a statement on Thursday, the Seattle-based company announced Schultz will step down from his Chief Executive role next year, handing the reins to Chief Operating Officer Kevin Johnson. Johnson, a former technology executive who has served on the executive team for two years, will take the CEO job on April 3.
Regardless, new CEO Johnson will face a number of challenges when he takes over SBUX stock. The chain is facing new competition from specialty roasters like Stumptown and Intelligentsia , as well as from mass coffee purveyors like Dunkin’ Donuts. Lower mall foot traffic from online shopping has also taken a bite out of sales. Johnson will have to lay out a plan to address these threats if he wants to maintain investor confidence post-Schultz.
I will watch it for few more months now before investing.
When it comes to SBUX stock, the yield is not one that would attract high-dividend investors; rather, it would get more attention from dividend growth investors. The dividend over the past five years has grown 284%. Also, the dividend has grown in each of these five years.
Starbucks’ fourth-quarter earnings, which were released on November 3, included a dividend hike of 25%, now paying $0.25 per share on a quarterly basis. Based on the current trading price of $55.77, the shares are yielding 1.79%.
As the largest coffee shop chain in the world, Starbucks has no plans of slowing down growth. With its focus on dividends, share purchases, and growing the bottom line, SBUX stock is a unique retailing stock that should not be ignored.