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re: Starbucks
Posted on 5/1/24 at 5:05 am to FLObserver
Posted on 5/1/24 at 5:05 am to FLObserver
quote:
Looking like a new 52 week low this morning. I'm buying this one this morning for a long term hold. Nice paying Div as well.
The CEO blamed “weather” for the downturn in US sales. I’m buying puts as this has further downside, companies that refuse to admit they’ve priced themselves out of the market and blame weather are tone deaf.
2
Posted on 5/1/24 at 5:55 am to Geauxldilocks
In my area, I’m seeing all kinds of other places pop up (Dutch Bros, 7 brew, Scooters, etc). This has to hurt Starbucks. Coffee shops seem to be going the way of car washes, showing up on every single corner. I’m not a coffee drinker, so not sure about loyalty, but I would think folks driving to work are going to hit the most convenient place. That’s no longer Starbucks
Posted on 5/1/24 at 7:15 am to Geauxldilocks
quote:
The CEO blamed “weather” for the downturn in US sales. I’m buying puts as this has further downside, companies that refuse to admit they’ve priced themselves out of the market and blame weather are tone deaf.
They are victims of inflation.
If you need to tighten the budget, the very first thing you do is save money on coffee.
They may (or may not) be fine when the inflation slows down and people feel comfortable with their budgets again.
I'm not a Starbucks customer (I'm too cheap). But more people in times like this know how to get cheaper caffeine hits than $7 a pop (brew at home and go, racetrak, mcdonalds).
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