Better Buy: Beyond Meat vs. Starbucks
Stock prices for both Beyond Meat (NASDAQ: BYND) and Starbucks (NASDAQ: SBUX) suffered as the coronavirus crisis weighed on the restaurant industry. The maker of plant-based protein products saw declines in its sales to foodservice groups. And the specialty coffee retailer posted a drop in revenue as some of its stores temporarily closed. But recovery has begun at both companies, and their share prices are on the rise.
That raises the question: If you could invest in only one of these two consumer stocks, which should be your pick right now?
Beyond Meat is in its early days of its life cycle as a public company. Starbucks is farther along in its business path, but that doesn’t mean growth is over. It’s revamping key elements of its business to adapt to today’s customer and expanding in one of its biggest markets.