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Starbucks Posts Lower Than Expected Performance, Turnaround “Will Take Time”

publication date: Oct 23, 2024
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Image: Starbucks’ shares have been volatile the past couple years. 

Starbucks suspended its guidance for the full year 2025, given new CEO Brian Niccol and “the current state of the business.” That said, the company increased its quarterly cash dividend to $0.61 per share from $0.57 per share, which equates to a 2.5% forward estimated dividend yield, pointing to optimism regarding the long term. We’re cautious on Starbucks’ shares, as even the executive team noted that a turnaround “will take time.” Our fair value estimate stands at $85 per share, below where shares are trading at the time of this writing.


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