Why Has Starbucks Stock Continue to Rise
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Starbucks (SBUX) Stock Up on Robust Plans for 2023-2025
The company's targeted investments in partners, customers and stores are likely to be the major growth drivers in the long run. This will help the company to increase operating margin and drive high-teens non-GAAP EPS growth annually through fiscal 2025.
Guidance for Fiscal 2023 to 2025
For fiscal 2023 to 2025, Starbucks anticipates global and U.S. comparable store sales growth between 7% and 9% year over year. The figure is above the previous range of 4-5%.
Starbucks is focusing on store expansion efforts to drive growth. For fiscal 2023 to 2025, it expects its global store portfolio to increase approximately 7% annually, up from the prior estimate of 6%. In the same period, the company is likely to witness net new store growth of 3-4% annually in the U.S., up from the prior estimate of nearly 3%.
For fiscal 2023 to 2025, the company anticipates global revenue to increase in the range of 10-12% annually. The figure is higher than the company's prior range of 8-10%. Starbucks anticipates robust margin expansion in fiscal 2023, 2024 and 2025. It expects non-GAAP earnings per share to grow between 15% and 20% annually through 2025, up from the prior range of 10-12%.
The company is also planning to recommence its share repurchase program. In the next three years, it expects to reward investors with approximately $20 billion in the form of dividends and share repurchases.
Image Source: Zacks Investment Research
Investment to Revamp Stores & Other Efforts
This Zacks Rank #3 (Hold) company is also focusing on robust digitization to drive growth. To make Starbucks available to all customers, the company is focusing on expanding its Starbucks Delivers program in the U.S. with a new partner, DoorDash.
Key Picks
Tecnoglass currently sports a Zacks Rank #1 (Strong Buy). The company has a trailing four-quarter earnings surprise of 24.4%, on average. Shares of the company have increased 3.6% in the past three months. You can see the complete list of today's Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for TGLS's 2022 sales and earnings per share (EPS) suggests growth of 28.2% and 47.7%, respectively, from the year-ago period's levels.
Cracker Barrel currently carries a Zacks Rank #2 (Buy). It has a long-term earnings growth of 6.9%. Shares of the company have decreased 21.3% in the past year.
The Zacks Consensus Estimate for CBRL's 2022 sales and EPS suggests growth of 16.3% and 15.4%, respectively, from the year-ago period's levels.
Arcos Dorados carries a Zacks Rank #2. It has a long-term earnings growth of 34.4%. Shares of the company have risen 36.8% in the past year.
The Zacks Consensus Estimate for ARCO's 2022 sales and EPS suggests growth of 27.1% and 104.2%, respectively, from the year-ago period's levels.
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Source: https://finance.yahoo.com/news/starbucks-sbux-stock-robust-plans-124912610.html
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