Starbucks improving store experience but facing high valuation pressure
SBUX Starbucks Corp
$94.43 -0.30%
View chart & analysis → - 1CEO Brian Niccol promised to transform the Starbucks experience.
- 2Starbucks shares have risen 12% this year but remain below recent highs.
- 3Based on consensus, Starbucks' adjusted forward EPS is approximately $3.12, with a forward P/E ratio of around 30x.
So what's the key point?
The new head of Starbucks said the company will change the in-store experience. The stock price is currently around 30 times the expected earnings, which is considered high.
Source CNBC · View original ↗
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