Is It Time To Buy Starbucks?

☕️ ☕️ The #world’s #second #largest #Starbucks is in #Bangkok, #Thailand at the #CentralWorld shopping mall. The coffee shop features a huge co-working space, 2 meeting rooms which can be booked in advance, and more than 230 seats
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Shares of the Seattle-based company have dropped 36% in 2022, on pace for its worst year since 2008. Starbucks has been hurt by the possibility of slowing growth for its rewards program and unionization efforts at its stores, as well as China’s economic slowdown and the U.S.’s soaring inflation, which have added to costs
Now The Good News: Ex-CEO Howard Schultz has now returned just four years after leaving. Schultz purchased the company in 1987 and created what we know as the modern Starbucks, masterminding its rise from a corner coffeehouse to an international chain with a coffeehouse seemingly on nearly every corner. From 1992, the company’s first year as a public company, to 2000, the end of his first stint at the helm, the stock returned 37.7% annually, compared with the S&P 500 index’s 19.7%
Is This A Good Time To Buy Starbucks?
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