Why Starbucks Rallied Despite Declining Sales -- and Is Now the Time to Buy the Stock?
SBUXStarbucks(SBUX) The Motley Fool·2024-08-05 18:42

Is a Starbucks turnaround around the corner?Shares of Starbucks (SBUX 1.02%) appear to have steadied despite the coffeehouse operator reporting declining same-store sales recently. Investors were encouraged by some recent partnerships the company has forged, along with hopes that a turnaround in the business is underway. The stock is nonetheless still down more than 20% year to date.Let's take a closer look at the company's recent results and see if a turnaround might be coming.China and the U.S. remain wea ...