Where Will Starbucks Be in 10 Years?

Jennifer Saibil, The Motley Fool
·5-min read
Where Will Starbucks Be in 10 Years?

Starbucks (NASDAQ:SBUX) stock is up 6% in 2021 and 101% since its March 2020 lows, beating the broader market, despite sales declines for the past four quarters. Despite hitting a nadir of 65% weekly comparable sales (comps) decline back in April 2020, Starbucks was able to continue operating and innovating -- and grow sales ever since. The very reasons why Starbucks could thrive in an extremely challenging environment should drive higher sales and profitability even in a decade from now.