Starbucks Stock Slumps; This Competitor Shows Strength
It’s been a tough year for Starbucks NASDAQ: SBUX. The king of coffee retail chains has seen its stock slide more than 25% from its year-to-date (YTD) high on Feb. 23, and when it reported Q3 earnings on July 29, it missed analysts’ estimates by nearly 28%. Starbucks TodaySBUXStarbucks75.50▼104.00Add to WatchlistWhile some of that may reflect cyclical consumer behavior amid all-time high coffee prices—both as a globa ...