NEW YORK ( TheStreet) -- The average number of daily customers who visit a Starbucks (SBUX - Get Report) store decreased from an estimated 463 in 2005 to 408 in 2007, driven by the launch of lower priced beverages by players like McDonald's (MCD - Get Report) (NYSE:MCD), as well as due to self-cannibalization of Starbucks stores.Starbucks faces competition from other specialty coffee manufacturers such as Caribou Coffee (CBOU) and Peet's Coffee (PEET). We believe that long-term economic improvement will help Starbucks limit the impact of price competition and that the company will be able to increase its average daily customer visits as it continues to limit store count by shutting down underperforming stores.
Starbucks Daily Customer Visits Expected to Rise
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.