Starbucks reports no impact from the recent surge of inflation

-

Today's closing share price of $87.27 is a round trip back to March 26, the day it was announced that Howard Schultz was returning to Starbucks. On the day the news broke of Shultz's return, the stock gapped up 5.2% to close at $87.41. Through April 4, the stock continued to rise a total of 10% to $91.49 when Shultz announced the suspension of the share repurchase plan. Shares gapped down 3.7% to $88.09 on that news and continued to decline reaching a 52 week low of $68.39 on May 12. Shares have made a steady recovery from the May 12 low that is in line with the turn in the S&P 500. Yesterday's positive earnings call showed that inflation has not slowed customer demand and the impact of union organizing is negligible.

If you are a Starbucks partner using the Employee Stock Purchase Plan you bought your most recent shares on June 30 at $72.57. That price is 6.1% off the 52 week low set on May 12 and at today's close is a gain of 14.7%. Nice trade!



Comments

Post a Comment

Popular posts from this blog

Summertime Goal Reset

-
Image
     It's been so long since I've weighed myself or posted a weight update I somewhat forgot why I started this blog. I lost 20 pounds in 105 days leading up to the Thanksgiving holiday last year. I decided to take a break between the holidays from the healthy meal plans I was on. As it turns out that ended up being between the holidays of Thanksgiving and Memorial Day. In that time I added back 10 pounds of what I lost. I've been maintaining my weight in the upper 170's and I can feel the sluggish difference.       With yesterday's unofficial start of summer I decided this is a good time to reset the calendar and apply myself between the holidays of Memorial Day and Labor Day. When I lost the 20 last year it was mostly through careful, healthy dieting and mild to moderate exercise. This summer I'll do the diet again but up the exercise intensity. I rejoined Planet Fitness after staying away during the pandemic. I'm setting the target for my original goal of
Read more

Stocks Aren't The Only Thing I Chart!

-
Image
      The day after I shot the video I made 159. This feels great! The best thing is I am not even craving the cookies. Three boxes are chilling in the freezer for that next major level, 149. When I bust those cookies out it will be live on TikTok and then posted here.     I'm using an app called "Simple App" to track my food, drink, and fasting times. It has helped tremendously in staying focused and on the path. Before I used the app I felt like I was just winging it everyday with the keto and the varying hours that I fasted. I was already down 10 from 182 to 172 when I started using the app, but since then the weight has come off more quickly as I now have a plan to follow and track my progress.      The biggest difference though is that I simply have a different frame of mind about my health and my weight. I'm a minimalist and very good at shedding things I don't need. I have applied that same mindset to my weight. I simply don't need the extra mass around
Read more