It's okay if I buy it
$Starbucks (SBUX.US)$ The stock price has risen, and the reason for this is that the company welcomed Brian Niccol from Chipotle as CEO.
He may be better than the current CEO, but over time it will be important whether his financial performance is worth this assessment. Starbucks' revenue growth rate is forecast to jump to 7% next year, and this year's growth forecast is only 1.5%.
Also,What is the profit margin15.5%It has risen to this year's15.2%It increases fromIt's an estimate. Taking into account Starbucks' mature and low growth characteristics, we eventually adopted a permanent growth rate of 3.5%.
This is at the high end of the GDP growth rate, and it is impossible for companies to surpass economic growth forever.
Overall, the market currently has high expectations for Brian. He won't be able to prove that current prices are reasonable unless they greatly exceed our generous expectations over the next few years.
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