Starbucks' Q1 Results and Turnaround Plan Updates: Is the Recent Optimism Already Priced In?

Starbucks reported Q1 revenue of $9.9b and EPS of $0.26, with CEO Brian Niccol's turnaround plan gaining early traction. The company's share price has risen 7.39% over the past 30 days and 12.27% over the past 90 days, but its 1-year total shareholder return is down 11.71%. The fair value of Starbucks is estimated at $97.59 by StjepanK, but rising coffee input costs and unionization efforts could pressure margins and wages, challenging this valuation.