The Starbucks of today looks quite different than the Starbucks of 2009, at least from a financial perspective. Three years ago Starbucks stock was trading at under $10 per share and today it closed at $60.63 per share, an all-time high.
Starbucks has undergone quite a few changes over the past several years, including the return of Howard Schultz as CEO of the company. Schultz slowed domestic expansion and pushed forward with aggressive growth plans in China.
According to a CNNMoney.com article, “China will be its second largest market by 2014 and that it plans to have more than 1,500 stores up in running in China by 2015.”
United States-based Starbucks have undergone several changes over the past few years. The company changed its menu and now offers healthier food and drink items, the Starbucks logo was redesigned as part of the company’s 40th birthday celebration and the company recently expanded beyond coffee by opening its first Evolution Fresh store.
It was also a good day for Chipotle Mexican Grill stock, which closed at a 52-week high of $433.22. This is significantly higher than the company’s 52-week low of $249.58 per share.
Another green stock that I’ve been keeping an eye on is First Solar (FSLR), which is down significantly from its 52-week high of $144.73, closing at $22.00 per share today. Unfortunately the solar industry, at least as far as First Solar is concerned, isn’t doing as well as the beverage and restaurant industry is.