New Zealand Markets open in 5 hrs 15 mins
  • NZX 50

    11,933.17
    +196.42 (+1.67%)
     
  • NZD/USD

    0.6255
    +0.0028 (+0.4504%)
     
  • ALL ORDS

    7,312.40
    +76.40 (+1.06%)
     
  • OIL

    74.04
    +1.07 (+1.47%)
     
  • GOLD

    1,990.80
    +6.30 (+0.32%)
     

Why Starbucks Is 1 of the Best Stocks to Hold in 2023

Why Starbucks Is 1 of the Best Stocks to Hold in 2023

Over the last five years, share prices of Starbucks (NASDAQ: SBUX) have nearly doubled and significantly outperformed the S&P 500 index. The best barometer of Starbucks' brand is the growth in the channel development segment. This segment only makes up 5% of total revenue, but it includes the branded products that Starbucks offers with Nestlé (OTC: NSRGY) (OTC: NSRG.F) and other partners at retail locations outside of its company-operated and licensed stores.