STARBUCKS CORPORATION Partners with For:Ev to Offer Charging Hubs
November 2, 2023
🌥️Trending News
The Starbucks Corporation ($NASDAQ:SBUX), a global coffee company and coffeehouse chain, has recently partnered with For:Ev to offer charging hubs at their locations. For:Ev is a technology company that specializes in developing charging hubs for electric vehicles. The partnership between the two companies will bring EV charging hubs to Starbucks locations around the world. This partnership is part of Starbucks’ commitment to sustainability and their goal of becoming a leader in sustainable business practices. They have made significant investments in renewable energy sources and green building construction, and they are now taking further steps to reduce their carbon footprint.
By partnering with For:Ev, Starbucks is creating a new way for their customers to reduce their emissions while enjoying their favorite beverages. The new partnership between Starbucks and For:Ev is sure to benefit both companies. It will give Starbucks customers a convenient way to charge their electric vehicles while they enjoy their coffee, and it will help For:Ev reach a larger customer base for their products. With this new partnership, Starbucks is continuing to demonstrate their commitment to sustainability and making their stores more environmentally friendly.
Stock Price
This collaboration aims to expand its mobile payment services for customers. It remains to be seen how this partnership will affect the company’s stock performance in the coming weeks. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Starbucks Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 35.02k | 3.78k | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starbucks Corporation. More…
| Operations | Investing | Financing |
| 5.16k | -2.18k | -2.68k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Starbucks Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.73k | 37.07k | -7.29 |
Key Ratios Snapshot
Some of the financial key ratios for Starbucks Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.3% | 39.1% | 15.5% |
| FCF Margin | ROE | ROA |
| 8.5% | -40.4% | 11.8% |
Analysis
At GoodWhale, we take a close look at the financials of STARBUCKS CORPORATION. After our analysis, we concluded that STARBUCKS CORPORATION is classified as a ‘gorilla’, meaning that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. Considering its strong competitive advantage, we believe that STARBUCKS CORPORATION is an attractive investment option for investors interested in a stable company with high returns. According to our Star Chart, STARBUCKS CORPORATION has a high health score of 8/10, which means that the company is able to ride out any crisis without the risk of bankruptcy. Moreover, STARBUCKS CORPORATION is strong in dividend, medium in growth, profitability and weak in asset. Overall, we believe that STARBUCKS CORPORATION is a great investment opportunity for investors looking for a long-term return on their investment. More…
Peers
In the fast-paced world of coffee, there are always new challengers trying to take down the reigning champion, Starbucks Corp. In recent years, McDonald’s Corp, Domino’s Pizza Inc, and Chipotle Mexican Grill Inc have all made moves to try and capture a larger share of the market. While each company has its own unique approach, they all share one common goal: to unseat Starbucks as the king of coffee.
– McDonald’s Corp ($NYSE:MCD)
McDonald’s Corp is a fast food restaurant chain. The company was founded in 1940 as a barbecue restaurant operated by Richard and Maurice McDonald. In 1948, they introduced the Speedee Service System, which was a precursor to the fast food restaurant. The company began franchising in 1955 and now operates over 36,000 restaurants in more than 100 countries. McDonald’s Corp has a market cap of 181.34B as of 2022, a Return on Equity of -90.17%. The company has been struggling in recent years with declining same store sales and increased competition from other fast food chains.
– Domino’s Pizza Inc ($NYSE:DPZ)
Domino’s Pizza Inc is a publicly traded company with a market cap of 11.37B as of 2022. The company has a Return on Equity of -11.44%. Domino’s Pizza Inc is a pizza delivery company. The company was founded in 1960 and is headquartered in Ann Arbor, Michigan.
– Chipotle Mexican Grill Inc ($NYSE:CMG)
Chipotle Mexican Grill Inc is a American chain of fast casual restaurants in the United States, United Kingdom, Canada, Germany, and France. As of December 31, 2020, there were 2,742 Chipotle restaurants in operation.
The company has a market cap of 42.81B as of 2022 and a Return on Equity of 27.52%. Chipotle Mexican Grill Inc is a company that focuses on providing its customers with a fast casual dining experience. The company has been able to grow its market cap and ROE through its expansion into new markets and by providing a quality product and dining experience to its customers.
Summary
Starbucks Corporation is a leading global coffee company and coffeehouse chain. The company’s stock performance has been strong over the past few years, with shares trading at all-time highs. Analysts are expecting further growth in both revenue and profits in the coming years, driven by the company’s strong focus on innovation and expanding its product and services offerings. Overall, Starbucks appears to be an attractive growth stock for investors looking for significant long-term returns.
