Down 32%, Is Starbucks Stock Ready for a Turnaround?
Famed coffee chain Starbucks Corporation (NASDAQ: SBUX) recently laid out some ambitious plans at its 2022 Investor Day, detailing a path to grow its bottom line from 15% to 20% annually over the next several years. Can Starbucks grow revenue fast enough? Starbucks grew comparable-store sales by 5% in 2019, which is arguably the last typical year before the company faced the complexities introduced by the COVID-19 pandemic.