The Seattle based Starbucks Corporation (NASDAQ:SBUX) projects to more than double to 40,000 its workers in Asia Pacific region over the coming 5 years, an indication the chain forecasts coffee consumption to speed up despite the slowing of key economies in the area.
President of Starbucks Asia Pacific region Jinlong Wang showing to rapid expansion in employees and stores that the region has been a expansion engine and will continue to be a growth engine regardless of economic uncertainty.
Tea has long been consumers’ beverage of choice in many parts of Asia comprising China and India. However coffee consumption is hiking quickly as Western companies like Starbucks and the Coffee Beanery set up shop.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) fell -2.57% to settle at $44.39, Dunkin Brands Group Inc (NASDAQ:DNKN) moved up +1.10% to end at $37.70 while The J.M. Smucker Company (NYSE:SJM) jumped +0.26% to finish at $92.40 on Friday.
Starbucks Corporation (NASDAQ:SBUX) last session’s volume of 9.10 million shares was surprisingly higher than its average volume of 5.89 million shares. The stock after opening at $55.61 hit high price of $55.70 and then closed at $54.34 by scoring -2.18%.
The liquidity measure in recent quarter results of the company was recorded 1.85 as current ratio and on the other side the debt to equity ratio was 0.11 and long-term debt to equity ratio remained at 0.11. The Company had total cash of $506.02 million at hand and a book value per share as $11.72 in the most recent quarter.
The stock’s price volatility was 1.53% for a week and 1.43% for a month as well as price volatility’s Average True Range for 14 days was 0.89 and its beta remained at 1.18.
SBUX generated revenue of $13.66 billion in the previous twelve months and earned $1.43 billion. The Company showed a positive 10.50% in the net profit margin as well as in its operating margin which remained at 15.17%. Company’s annual sales growth for the past five years was 7.16%.
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