Starbucks (NASDAQ:SBUX) shares are down 7.5% from its 52-week high due to overvaluation concerns and fear of continued softness in comparable-store sales. The consensus estimate is that Starbucks will report 5.3% increase in comparable-store sales of Americals segment for the third quarter 2017, though Nick Seytan of Wedbush expects 5% growth due to modest acceleration during recent visits. Source: Sec Filings Is this dip a buying opportunity despite concerns of slightly dim comparable-store sales growth and intensifying competition in the U.S.? The short-term fluctuations growth rates will negatively impact the stock price, but the expected mid-single digit increase in comparable-store...
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