Company Of The Day: Starbucks

March 16th, 2022 by Trefis Team
+3.43%
Upside
99.93
Market
103
Trefis
SBUX: Starbucks logo
SBUX
Starbucks

What?

Starbucks (NASDAQ:SBUX) is looking to move away from single-use paper and plastic cups to reusable ones within three years.

Why?

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This plan comes as part of Starbucks’ broader move to reduce its waste by 50% by 2030. Single-use cups and lids account for 40% of the company’s packaging waste presently. The move could also help to marginally cut costs.

So What?

Starbucks stock gained almost 5% in Tuesday’s trading, driven by the broader market gains and the new initiative.

See Our Complete Analysis For Starbucks

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Returns Mar 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 SBUX Return -9% -29% 50%
 S&P 500 Return -3% -11% 90%
 Trefis MS Portfolio Return -4% -14% 239%

[1] Month-to-date and year-to-date as of 3/16/2022
[2] Cumulative total returns since the end of 2016

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