Leading specialty coffee retailer Starbucks Corporation (SBUX) is bringing in autumn with the highly-anticipated return of the Pumpkin Spice Latte and a variety of other fall-inspired menu items. The company’s primary target demographic comprises youthful consumers within the United States.
Moving forward, SBUX anticipates sustained strong demand from China, following a remarkable 46% upturn in comparable sales within that market during the third quarter. Furthermore, SBUX recently declared an elevation in its quarterly dividend from $0.53 to $0.57 per share, payable to shareholders on November 24, 2023.
