Starbucks Bounce Back Ahead of October Earnings

about 2 months ago

Jason Hall

"Starbucks looks like it's finally working through years of problems that have hurt the business. Comps have been negative for seven straight quarters and with Brian Nichol now at the helm, the improvement over the past six months, coming off a brutal 7% drop in last fall's comps, sets Starbucks up to beat expectations when it reports in October."

Jason Hall outlines a bullish thesis for Starbucks. He notes that after years of operational issues and negative comps, management changes and the back-to-Starbucks initiative are beginning to show progress. With low expectations and an upcoming earnings catalyst in October, investors may consider taking a position in Starbucks. (Investors should check ticker SBUX.)

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