Company Of The Day: 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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