Starbucks Corporation (SBUX 1.02%) reported strong earnings that resulted in the stock jumping more than 10%. Although the company’s plan to build efficiencies is working, China is still weighing on the company as its second largest market.
In today’s video we will discuss valuation to determine whether the stock is a buy, sell, or hold.
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*Stock prices used were end-of-day prices of Nov. 14, 2023. The video was published on Nov. 15, 2023.
Mark Roussin, CPA has positions in Starbucks. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy. Mark Roussin is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.