Starbucks (SBUX) is the subject of today’s FOMO segment. In this segment Alex Coffey and Jenny Horne discuss Starbucks 2Q earnings report. Jenny discusses CEO Howard Shultz returning to the company if only temporarily. She also talks about some of the improvements Shultz has laid out for Starbucks (SBUX) such as digital tipping, updated equipment and 90% drive thru store goal. Jenny and Alex also talk about Schultz revealing that there is $1B waiting on Starbucks cards that customers have not spent. Alex talks about how Shutlz returning to the helm could be impacting the stock price. Finally, Alex demonstrated an example trade using shares of Starbucks (SBUX).
05 May 2022