Like much of the restaurant industry, Starbucks (NASDAQ: SBUX) ran into some headwinds early in the pandemic, but the company has bounced back vigorously thanks to a strong digital channel, contribution from drive-thru stores, and the ability to adapt its stores to changing needs, including social distancing. In this segment from The Five, recorded on Sept. 1, Fool.com contributors Jeremy Bowman and Jason Hall discuss why Starbucks looks like a great choice for a recovery stock. Jason Hall: Today, we got ADP's payroll report.
It's up more than 100% in a week, and investors are clamoring to get a piece of this coffee chain.
Few American consumer brands have developed the kind of following that Starbucks (NASDAQ: SBUX) has in China. The coffee giant is opening 500 stores a year in China and is expanding in other markets in the region like Southeast Asia. In this episode of The Five, recorded on Sept. 1, Fool contributors Jeremy Bowman and Jason Hall dig into Starbucks' growth drivers and explain why it remains a top hospitality stock.