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Recent Articles

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Motley Fool: Future looks bright for Starbucks in fiscal 2023 and beyond, as company plans to open around 9,000 new locations over next three years; upcoming catalysts for earnings include improving sales in China, management starting to repurchase shares

WWF report evaluating plastic footprints of major brands notes a reduction of problematic plastics by 3,100 tonnes, a 35% increase in recycled content use, actions taken to support reuse systems, but a 5.3% increase in tonnage of plastic produced in 2021

Flow Beverage signs distribution agreement with Starbucks Canada, whereby Flow will become available at over 1,000 locations across Canada; Starbucks will carry Flow Alkaline Spring Water and Flow Strawberry Rose in 500ml formats starting in January

Deutsche Bank downgrades Starbucks to hold from buy and raises target by US$6 to US$100, says improving US sales face potential US recession; near-term gains will be difficult to achieve in weakening US economy, ongoing Covid uncertainty in China

Morningstar sets Starbucks' fair value estimate at US$106, indicating 7.6% upside, noting its attention to premium-quality coffee; this positioning looks more important moving forward, as vending, single-serve coffee machines improve at market's lower end

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