If You'd Invested $5,000 in Starbucks Stock 5 Years Ago, Here's How Much You'd Have Today
Starbucks (NASDAQ: SBUX) hired a new CEO, Brian Niccol, who started last September. He was brought on board to reinvigorate sales growth, particularly in the U.S. and China, its two largest markets. Just before Niccol took over, Starbucks' same-store sales (comps) for the fiscal fourth-quarter of 2024 (that ended on Sep. 29, 2024) had dropped 7%. U.S. and China experienced comp declines of 6% and 14%, respectively. The board of directors and shareholders clearly weren't happy with this performance, leading to Niccol's hire. To fully appreciate where Starbucks stands, it's instructive to look at the stock's historical performance. How much would a $5,000 investment made five years ago be worth today?Continue reading
Starbucks (NASDAQ: SBUX) hired a new CEO, Brian Niccol, who started last September. He was brought on board to reinvigorate sales growth, particularly in the U.S. and China, its two largest markets.
Just before Niccol took over, Starbucks' same-store sales (comps) for the fiscal fourth-quarter of 2024 (that ended on Sep. 29, 2024) had dropped 7%. U.S. and China experienced comp declines of 6% and 14%, respectively. The board of directors and shareholders clearly weren't happy with this performance, leading to Niccol's hire.
To fully appreciate where Starbucks stands, it's instructive to look at the stock's historical performance. How much would a $5,000 investment made five years ago be worth today?