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Starbucks
Posted on 5/1/24 at 3:17 am
Posted on 5/1/24 at 3:17 am
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.
7
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.
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 6:07 am to FLObserver
I would like to think people finally woke up and realized their coffee was terrible.
HOWEVER, on a recent trip to Chicago there was a Starbucks on literally every block in sections of downtown. You can Google map it and see.
HOWEVER, on a recent trip to Chicago there was a Starbucks on literally every block in sections of downtown. You can Google map it and see.
Posted on 5/1/24 at 6:26 am to geauxnc0308
Their spring seasonal drink was terrible. The CEO should have tasted it.
Posted on 5/1/24 at 6:27 am to GEAUXT
quote:
I would like to think people finally woke up and realized their coffee was terrible.
HOWEVER, on a recent trip to Chicago there was a Starbucks on literally every block in sections of downtown. You can Google map it and see.
They might be over built. I think they wanted to expand by like 30,000 locations.
The cult like pop up coffee shops are hurting them. Kind of the Dollar General concept for coffee that has really hurt Walgreens.
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).
Posted on 5/1/24 at 7:40 am to meansonny
quote:
They are victims of inflation.
No, … they are the victims of stupidity.
Corporate leadership cannot alienate half their customer base and expect no repercussions. Idiots.
Posted on 5/1/24 at 8:02 am to geauxnc0308
quote:
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
This right here.
Same story here, tons of other coffee places are popping up everywhere. Starbucks was the only true national coffee chain around here until the last few years. However places like scooters and Dutch Bros are scooping up the more convenient places in town. I have noticed the amount of customers they are serving really started trending up.
To be fair though we always had local coffee shops that did well. However they typically got the customers that would never go to Starbucks imo
Posted on 5/1/24 at 8:05 am to cadillacattack
quote:
No, … they are the victims of stupidity.
Corporate leadership cannot alienate half their customer base and expect no repercussions. Idiots.
I'm not a customer.
Nor a shareholder.
I have no clue what you are referencing.
Posted on 5/1/24 at 8:14 am to FLObserver
There are too many other coffee shops now.
Posted on 5/1/24 at 10:01 am to Civildawg
We sell the same types of coffees/drinks in our business for less.
Posted on 5/1/24 at 11:14 am to BCreed1
I'd never heard of Scooters or 7 Brew, but both have recently opened up nearby. Very small footprint.
Posted on 5/1/24 at 11:23 am to FLObserver
A new fancy coffee chain will be the rage soon and people will think of Starbucks as trashy if they don't already.
Happens over and over in the food industry.
Remember back in the 80s and 90s. Olive garden and Red Lobster were fancy places.
Happens over and over in the food industry.
Remember back in the 80s and 90s. Olive garden and Red Lobster were fancy places.
Posted on 5/1/24 at 12:00 pm to meansonny
quote:He's referencing poor corporate leadership.
No, … they are the victims of stupidity.
Corporate leadership cannot alienate half their customer base and expect no repercussions. Idiots.
----
I have no clue what you are referencing.
In fact, that is the issue w/ SBUX.
Starbucks CEO, Laxman Narasimhan, claims inflation is responsible for SBUX underperformance. Meanwhile, other food/svs sector comps ( e.g., Chipotle) are weathering inflation just fine.
Here's the deal. Narasimhan is fluent in English, but it is not his first language. Likewise, he understands US business and culture, but his foundations are foreign. So when he faces delicate issues requiring nuanced US social intellect with excellent communication skills, such as a Palestinian bent in elements of his newly unionized workforce juxtaposed w/ Starbucks Jewish corporate foundations, he simply isn't the best person for the role. If his organizational skills or vision made up for that lack, he might be okay. But they don't.
This post was edited on 5/1/24 at 3:22 pm
Posted on 5/1/24 at 12:31 pm to GEAUXT
quote:
HOWEVER, on a recent trip to Chicago there was a Starbucks on literally every block in sections of downtown. You can Google map it and see.
It’s bad up here in the NW burbs too. Starbucks and Dunkin’ Donuts.
Posted on 5/1/24 at 1:50 pm to Jmcc64
quote:
I'd never heard of Scooters or 7 Brew, but both have recently opened up nearby. Very small footprint.
Jimmie John's founder partnering with 7Brew to go nationwide.
Posted on 5/1/24 at 2:02 pm to FLObserver
Starbucks doesn't serve coffee. 
Posted on 5/1/24 at 2:45 pm to FLObserver
Certainly sounds like a better investment than the Cracker Barrel dude. I’m not a fan of their coffee, therefore not a buyer… but I kick myself for not buying it around 2008 when it went sub 10
I believe Dutch bros might be the newer trend
I believe Dutch bros might be the newer trend
This post was edited on 5/1/24 at 2:47 pm
Posted on 5/1/24 at 3:26 pm to geauxnc0308
quote:
I would think folks driving to work are going to hit the most convenient place. That’s no longer Starbucks
I believe this most importantly. convenience. Starbucks faces a lot of competition from Scooters, Dutch Bros, Dunkin, Tim Horton's, Peets, Black Rock, Dunn, Human Bean, but SBUX will have the staying power like a McD's in fast food. IMO. A lot of people like to order familiarity.
Starbucks doesn't franchise unlike the others. We'll see if that's a plus or minus long term.
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