With Starbucks having reported a
Law Of Large Numbers
Although Starbucks achieved an improvement (albeit modest) in the two-year trend, the comp still missed expectations. Bernstein expects the company’s growth to remain at the low-end of its mid-single-digit guidance through the first half of F17. “At that time, the benefits of easing compares coupled with an acceleration of new products and initiatives should allow for a reacceleration in trend.”
At last check, Starbucks was up 3.21 percent at $53.43.
|Oct 2016||RBC Capital||Maintains||Outperform|
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