SBUX: Search Index Exits Year on a Downtrend
Summary:
Eagle Alpha’s Search Signals indicator for Starbucks weakened into the December quarter. Both the one month and three-month indices have rolled over and imply a risk of weaker US same-store sales, especially when compared to expectations for the next two quarters.
Eagle Alpha Insight:
Search data is implying further weakness from recent quarterly trends and places same store sales at risk in coming quarters.
Starbucks is a roaster, marketer and retailer of coffee. The company's segments are: Americas, which is inclusive of the United States, Canada, and Latin America; International, which is inclusive of China, Japan, Asia Pacific, Europe, Middle East, and Africa; and Channel Development. The company's Americas and International segments include both company-operated and licensed stores. The company's Channel Development segment includes roasted whole bean and ground coffees, Seattle's Best Coffee?, Starbucks- and Teavana-branded single-serve products, a variety of ready-to-drink beverages, and other products sold worldwide outside of the company's company-operated and licensed stores.
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