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Stock impact report

Starbucks Earnings Top, But Same-Store Sales Miss As It Prepares For Hard-Hit Q3 [Investor's Business Daily]

Starbucks Corporation (SBUX) 
Last starbucks corporation earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.starbucks.com/ir-home/default.aspx
Related news Starbucks on Tuesday said it would start reopening U.S. stores as soon as next week, with plans to have around 90% of company-run locations open by early June with modified hours and more safety measures, but management said "routines may look a little bit different" even for its most loyal customers. Those remarks came during the coffee giant's conference call to discuss its fiscal second-quarter earnings, as some U.S. states and businesses try to figure out what "back to business" looks like after being shuttered by the coronavirus pandemic. Revenue and earnings beat expectations. But same-store sales came in worse than expected. Starbucks stock dipped in after-hours trade. After the coronavirus put the restaurant industry on lockdown, limiting it largely to to-go only, Starbucks said that it had temporarily closed around half its company-run stores in the U.S. More than three quarters of those stores were closed in Canada, Japan and the United Kingdom. As Starbucks emb Show less Read more
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