Fast-food sector hopes stimulus cheques boost sales after tough quarter [Toronto Globe and Mail (Ontario, Canada)]
Starbucks Corporation (SBUX)
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Source: Toronto Globe and Mail
Fast-food sector hopes stimulus cheques boost sales after tough quarter People collect takeout food at a McDonald's restaurant as New Zealand eases its strict regulations implemented to curb the spread of COVID-19 in Auckland, New Zealand, on April 28, 2020. STRINGER/Reuters People collect takeout food at a McDonald's restaurant as New Zealand eases its strict regulations implemented to curb the spread of COVID-19 in Auckland, New Zealand, on April 28, 2020. Slumping sales at big fast-food chains could get a boost as hungry and restless customers spend stimulus cheques after long lockdowns, analysts and some operators said ahead of quarterly earnings that will show the extent of damage from the coronavirus slowdown. McDonald’s Corp. and Starbucks Corp. issued earnings updates on April 8 that showed a sales hit from coronavirus disruptions. Investors will get more information this week – along with updated outlooks – when they and other companies officially report. More states are b
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SBUX
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