$SBUX has 38,000 stores worldwide in 2023.
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6% of Starbucks are in Muslim countries:
Turkey - 700 stores
Indonesia - 500 stores
Malaysia - 400 stores
Saudi - 400 stores
UAE - 200 stores
Kuwait - 200 stores.
Indonesia - 500 stores
Malaysia - 400 stores
Saudi - 400 stores
UAE - 200 stores
Kuwait - 200 stores.
Since Oct 7, $SBUX has gone up 2.6%. Why?
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$SBUX went up after a strong earnings report for July 1 to Oct 1, which was released in November.
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Also, $SBUX is a dividend stock, which encourages people to buy and hold till November payouts.
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In last month, the stock has plummeted.
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Howard Schultz is their billionaire founder and current investor. He is a major Israel supporter.
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$SBUX faced backlash for targeting pro-Palestine employees in Oct 2023.
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$SBUX CEO in final letter to employees for 2023,
"Cities around the world – including here in North America - have seen escalating protests. Many of our stores have experienced vandalism. We see protestors influenced by misrepresentation on social media".
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Next quarterly report is coming out on Feb 1.
