Shares of Seattle-based coffee giant Starbucks (NASDAQ: SBUX) have been quite constructive over the past few months, now significantly off those June lows. With new CEO Laxman Narasimhan and a compelling reinvention plan, Starbucks now has the means to march higher, even as the world tilts into a recession in 2023. Founder Howard Schultz seems to have found the right man for the job with Narasimhan, the former COO of PepsiCo (NASDAQ: PEP), who brings in a wealth of beverage industry experience.
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Starbucks (NASDAQ:SBUX)
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