Starbucks (SBUX) has compounded roughly 40,000% since its 1992 IPO, turning a $10,000 ticket into close to $4 million.
On Friday, the company that built that record told 300 more corporate workers they were out, took a $400 million restructuring charge, and watched the stock rise anyway
Wall Street called it the right move. A 408x Run Built on a $5 Habit Starbucks went public on June 26, 1992, at $17 per share. After six 2-for-1 stock splits, that adjusts to roughly $0.26.
The stock closed Friday near $106.79, pushing its market cap to about $121.7 billion. Pure price-to-earnings now runs around 408 times the IPO level, before the 2.32% dividend yield is even factored in. To put that in numbers a crypto trader can feel, Bitcoin would need to roughly 400x from today’s price to match what Starbucks has already done.