Inflation Hinder Starbucks’ (SBUX) Profit Growth Despite Strong Demand
Starbucks (SBUX) grew revenue a solid 15% last qtr, but COVID-19 closures in China, higher inflation, and labor costs cut into profits.
Starbucks (SBUX) grew revenue a solid 15% last qtr, but COVID-19 closures in China, higher inflation, and labor costs cut into profits.
Aluminum can manufacturer Ball Corp (BALL) is seen as a recession-resistant stock as it can raise prices to keep up with inflation.
Pool Corp (POOL) stock has been fallign “down the drain” with the homebuilder stocks. But 60% of Pool’s revenue is steady.
Booking.com (BKNG) is preparing for a busy Summer travel season ahead as airports are packed and hotels are selling out.
Ross Stores (ROST) dropped after it reported a bad quarter due to tough comparisons from last year & higher frieght and wage costs.
Target (TGT) stock got slammed after the company missed profit estimates, as management is clueless about how to stock shelves.
Stryker’s (SYK) gross profit margins have been in decline, as have profit estimates. Perhaps this isn’t a 10-12% grower anymore.
MasterCard (MA) is seeing strong spending in retail and travel, as Cross-border travel is above 2019 levels, and above expectations.
Fears of a housing colapse seem copletely overblown, as leverage is low and demand is still higher than supply at DR Horton (DHI).
Sherwin-Williams (SHW) was having trouble getting raw materials. Management says those concerns have eased, so SHW could rise.
Domino’s (DPZ) poor results are due in part to tough comparisons to Spring 2021 when Americans got stimulus checks. Think ahead.
Apple (AAPL) stock is a good valuewith the P/E down from 29 to 22 since last qtr. But investors have to deal with slow profit growth.