Starbucks Corporation
SBUX
position
long
Polen Capital
Thesis
Starbucks is expected to continue growth from both the US and China, with a strong established position in China despite short-term headwinds. The strategy of opening more stores rather than optimizing for same-store sales is seen as a long-term growth play with good return economics.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a defined time horizon for the thesis, it's difficult to assess whether the expected growth in Starbucks has materialized. The thesis suggests a long-term growth strategy, but without knowing how much time has passed or any interim results, we cannot determine if the thesis has played out or failed.
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