The shares of specialty coffee maker Starbucks Corporation (SBUX) have declined by 12.7% in price over the past month to close Friday’s trading session at $100.12. In addition, it is currently trading 20.7% below its 52-week high of $126.32, which it hit on July 23, 2021. In terms of forward P/S, SBUX’s 3.60x is 205.4% higher than the 1.18x industry average. Likewise, its 4.12x forward EV/S is 202.8% higher than the 1.36x industry average.
However, SBUX reported impressive fiscal fourth-quarter results. In addition, it announced a new commitment to return $20 billion to shareholders over the next three years through share repurchases and dividends.
