Starbucks Corporation $SBUX - A Valuation On 26th May 2021
The world's largest coffee shop company is brewing up a nice strong cup of steaming hot recovery. But, will systemic labour cost pressures derail their operating margin recovery?
The Story - Brewing a recovery.
Starbucks is a global coffee shop chain based in the US. It was founded in 1971 by a group of friends who wanted to sell roasted coffee beans. In 1987, Howard Schulz, an employee, bought the company and launched an aggressive expansion program.
Schulz rapidly increased the number of domestic stores and entered new markets …