Q: Trying to understand the rationale of SBUX closing down locations. I may have it wrong but here goes. On the assumption that locations are franchises, then why close them down? It's the owner of the individual location that might be losing money but they are still buying product from Starbucks and contributing to their top line. Question is: are locations owned directly by Starbucks? If so, then closing down is the route to go.

Q: Considering buying SBUX because of its new leader. But I find LKNCY very attractive as well. - with good momentum this year.

What would your inclination be here? ….or both?

Thanks.

Q: Your thoughts, please, on replacing a current holding of SBUX with BROS based on recent performance and potential future growth advantages of the latter. Thanks.