SBUX Starbucks ended FY24 on a disappointing note, missing revenue and earnings targets for the fourth consecutive quarter. Here’s a breakdown of the key figures:
**Key Metrics** - **Global Store Count**: Increased 6% year-over-year (YoY) to 40,199 locations. - 52% company-operated, 48% licensed. - 61% of stores are located in the US (42%) and China (19%). - North America: +3% YoY to 18,424 stores. - China: +12% YoY to 7,596 stores.
SBUX Accept the fair market value of $74. Once economy goes up and you figure out how to fix your breakfast bread looking like a dead skin, perhaps retail investors will come to rescue. $7 for a golf ball sized breakfast shitty bun with non flavored egg is not appealing. Not to mention high sugar drinks with high level of caffeine which potentially can cause liver stress and restless overactive nerves: jitteriness. My 2 cents on this.
SBUX $90 or below on Friday will wipe out 80% or more retail options traders... put and calls. As always, I recommend retail traders, do not trade options when institutions own more than 51% of a company's stocks. No cry babies... learn fundamentals before trading. Cheers and Happy New Years!
SBUX still holding this trendline and the most recent daily low from Nov 20. Furthermore, still holding above the 200 SMA on the weekly chart, with a lot of time left on the monthly candle. Still waiting on further confirmation or invalidation. I could see this opening lower early in the week so be patient.
SBUX great fake out, test of previous highs, and retest of breakout from channel. Overbought for the day, but holding for the long term. Let's see if we can continue this upward momentum into the end of December.