Starbucks Targets 12 Cups of Coffee
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 2 August 2023
⏱️ 30 minutes
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| 0:00.0 | Starbuck Sores in China and AI isn't showing up for AMD quite yet. |
| 0:09.6 | Motleyful Money starts now. |
| 0:11.8 | I'm Dylan Lewis and I'm joined over the airwaves by Motleyful Analyst, Asset Sharma. |
| 0:25.0 | Asset, thanks for joining me. |
| 0:26.8 | Dylan, thank you for having me. |
| 0:28.1 | Great to be here. |
| 0:29.2 | Yeah, the beat is on for earning season, at least for some companies. |
| 0:33.4 | And so we are going to be spending most of our time |
| 0:35.3 | diving through company results. |
| 0:36.7 | We've got updates on Starbuck's Pinterest and AMD. |
| 0:40.7 | Asset, let's kick off with Starbuck's company's same store sales |
| 0:45.2 | through 10%. |
| 0:46.5 | Double digit growth seems impressive for a company in the size, |
| 0:49.5 | but it was below expectations. |
| 0:52.1 | And it seemed like looking at the results for this company, |
| 0:54.7 | North America was starting to weigh a little bit on the results. |
| 0:59.3 | Yes, and no, Dylan, weighing on results in terms of expectations that the market has, |
| 1:04.5 | but I read this report with a lot of good takeaways that impress me. |
| 1:10.9 | First, they were able to generate 7% comparable sales growth. |
| 1:15.0 | Now, I know that's under what analysts were expecting, |
| 1:17.7 | but when you think about how big and how penetrated Starbuck is in North America, |
| 1:22.3 | that's still a pretty decent result. |
... |
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