Long Position on SBUX @ $77.40 on 7/23/2020 (Fundamentals)

Starbucks Corporation (SBUX), together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.

The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items.

The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. It offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names.

As of October 30, 2019, the company operated approximately 31,000 stores. 

Starbucks reported 2nd Quarter March 2020 earnings of $0.32 per share on revenue of $6.0 billion. The consensus earnings estimate was $0.31 per share on revenue of $6.0 billion. Revenue fell 4.9% compared to the same quarter a year ago.

Please note, this stock reports earnings on July 28th.

Entry point: $77.40

52-week trade range: $50.02 - $99.72

Stop/Loss: $73.15

Target Price: $85.00

Updates

8/25/2020 9:33:26 AM

SBUX closed at $80.60

Position closed on 8/25/2020 at price of $80.60 with a 4.13% gain in 33 days.

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