Starbucks (NASDAQ:SBUX) Stock price trend forecast and trading range:
Updated to: 2023.2.3
(Note: The upper red line in the picture is the resistance, and the lower red line is the support)
Analysis from stock chart
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Short-term trend: bullish
Sell high and buy low of range : $100 – $110
Support: $100 resistance: $110 Stop Loss Price: $100 price target: $110 Buy the position again: stop fall and rise to $100
Medium-term trend: bullish
High sell low buy range: $100 – $110
Support: $81 resistance: $110 Stop Loss price: $81 price target: $110 Buy the position again: stop fall and rise to $83
Long-term trend: bullish
High sell low buy of range: none
Support : $100 resistance: $110 Stop Loss price: $100 price target : $110 Buy the position again: stop fall and rise to $100
From Analysis from financial statements:
Revenue for the first quarter of 2023 was $8.713 billion, market estimate was $8.75 billion, YoY+8.2%, net profit was $855 million, YoY+4.8%, EPS $0.74, YoY+7.2%. Quarterly dividend of $0.53 per share. The brand advantage is obvious, the business continues to recover, but the stock price is not cheap, and the mid-term and long-term recommended buying price is about $85.
Historical Forecast Record:
2023.1.3 From the stock price chart analysis, the recent stock price continues to be in the medium-term uptrend, the recent stock price moved between $95 and $105, short-term trading strategies can sell high and buy low above the support, or hold. If the stock price breaks above the $105 pressure upwards, the target price can be raised to $120. From the analysis of financial statements, the revenue in the fourth quarter of fiscal 2022 was $8.414 billion, the market estimate was $8.32 billion, YoY+3.28%, net profit was $878 million, YoY-50.22%, EPS was $0.76, YoY-48.99%. Quarterly dividend of $0.53 per share. Adjusted earnings per share for the fourth quarter were $0.81, versus market estimates of $0.72, compared to $0.99 from Q4 2022. The brand advantage is obvious, the business continues to recover, but the stock price is not cheap, and the medium-term and long-term recommended purchase price is about $85.
2022.12.06 From the technical chart, the recent stock price continues to rebound, the upward trend is obvious, it is recommended that short-term trading and medium-term trading back to $100 high selling low absorption or holding, stop loss price of $100, the cover position can be determined according to the situation.
2021.11.04 From the technical chart, the stock price retraced from the historical high of $125, there is no trend market, the recent expected fluctuation range is between $100-120, it is recommended to sell high and low in the range, fall below the range of multiple orders stop loss exit, rise above the range a small number of long orders to test the trend market. From a fundamental point of view, the company’s business maintained double-digit growth and has long-term holding value.
Key Quote Data:
52 Week Range: 67.61-110.83
P/E Ratio(TTM): 36.22
EPS(TTM): $2.88
Market Cap: $119.87 B
Beta:0.93
Number of employees: 402000 historical data 349000
Summary of recent financial statements
February 2, 2023 Revenue for the first quarter of 2023 was $8.713 billion, market estimate was $8.75 billion, YoY+8.2%, net profit was $855 million, YoY+4.8%, EPS $0.74, YoY+7.2%. Quarterly dividend of $0.53 per share.
Q1 Active U.S. Starbucks® Rewards Membership Reaches 30.4 Million, Up 15% Over Prior Year, Up 6% Sequentially。
Q1 Comparable Store Sales Up 5% Globally; Up 10% in the U.S; Up Double Digits Internationally, Excluding China。
Q1 GAAP EPS $0.74; Non-GAAP EPS $0.75; Performance Materially Impacted by Headwinds in China。
Global comparable store sales increased 5%, primarily driven by a 7% increase in average ticket,。
North America and U.S. comparable store sales increased 10%, driven by a 9% increase in average ticket and a 1% increase in comparable transactions。
International comparable store sales decreased 13%, driven by a 12% decline in comparable transactions and a 1% decline in average ticket; China comparable store sales decreased 29%, driven by a 28% decline in comparable transactions and a 1% decline in average ticket。
The company opened 459 net new stores in Q1, ending the period with 36,170 stores globally: 51% company-operated and 49% licensed。
At the end of Q1, stores in the U.S. and China comprised 61% of the company’s global portfolio, with 15,952 stores in the U.S. and 6,090 stores in China。
In Q1 fiscal 2023, the company resumed its share repurchase program, repurchasing 1.9 million shares of common stock valued at $191.4 million; approximately 50.6 million shares remain available for purchase under the current authorization. As Reinvention accelerates, the company expects to return approximately $20 billion to shareholders by the end of fiscal 2025 between our dividends and share repurchases.
STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS
2022.11.03 Revenue for the fourth quarter of fiscal 2022 was US$8.414 billion, market estimate of US$8.32 billion, YoY + 3.28%, net profit of US$878 million, YoY-50.22%, EPS US$0.76, YoY-48.99%. Quarterly dividend of $0.53 per share. Adjusted earnings per share for the fourth quarter were $0.81, versus market estimates of $0.72, compared to $0.99 in the year-ago quarter. (Note: The default is the GAAP standard, and the non-GAAP standard will be explained separately)
Q4 Fiscal 2022 Highlights
Global comparable store sales increased 7%, primarily driven by an 8% increase in average ticket:
North America and U.S. comparable store sales increased 11%, driven by a 10% increase in average ticket and a 1% increase in comparable transactions
International comparable store sales decreased 5%, driven by a 5% decline in comparable transactions and a 1% decline in average ticket; China comparable store sales decreased 16%, driven by a 17% decline in comparable transactions, partially offset by a 1% increase in average ticket.
The company opened 763 net new stores in Q4, ending the period with 35,711 stores globally: 51% company-operated and 49% licensed.At the end of Q4, stores in the U.S. and China comprised 61% of the company’s global portfolio, with 15,878 stores in the U.S. and 6,021 stores in China
STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNING
About Starbucks Corp.(NASDAQ:SBUX)
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with more than 36,000 stores worldwide, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup.