In June 2020, an investor reconsiders Starbucks (NASDAQ: SBUX) stock due to underperformance compared to the S&P 500. While Starbucks offers consistent dividend growth, revenue growth has been lacking. Options like Academy Sports & Outdoors (NASDAQ: ASO) and Arcos Dorados (NYSE: ARCO) are considered for potential higher growth and income opportunities. Starbucks’ new CEO is working to reinvigorate the brand. The investor is hesitant to sell Starbucks stock immediately, believing in its potential but is open to exploring other options for portfolio diversification.
Academy Sports & Outdoors is focusing on store expansion for revenue growth, while Arcos Dorados is seeing double-digit growth when adjusted for currency fluctuations. Both companies offer potential income opportunities with growth prospects. Investors are advised to consider these alternatives for potential portfolio enhancement.
Read more at Nasdaq: Why I’m Reconsidering Starbucks’ Role in My Portfolio — Is There a Better Investment for Income and Growth?
