Here's Why Investors Should Retain Starbucks (SBUX) Stock Now

Starbucks Corporation (SBUX) is benefiting from strong performances in licensed store businesses, expansion efforts and menu innovation. However, the ongoing inflationary pressure remains a concern.This Zacks Rank #3 (Hold) company’s earnings and sales in fiscal 2024 are likely to witness growth of 14.7% and 7.8% from the year-ago levels, respectively. The company also has an impressive long-term earnings growth rate of 15.5%.Growth DriversStarbucks is one of the most recognized coffee brands in the world. ...