Starbucks Says Business Was Booming Before COVID-19 Struck [The Motley Fool]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: The Motley Fool
Starbucks(NASDAQ:SBUXThese two markets make up almost two-thirds of the coffee giant's global store footprint, which explains why the struggles there dragged down worldwide results in the fiscal second quarter. However, in a conference call with Wall Street analysts, CEO Kevin Johnson and his team explained why they're optimistic that a rebound is on the way.Let's look at some of what was said.Image source: Getty Images.Full speed ahead in ChinaWe believe our recovery plan is working and we remain optimistic about our ability to capitalize on the long-term growth potential in the premium coffee market in China.COVID-9 had its peak impact in China in mid-February, when aggressive social-distancing orders temporarily forced comparable-store sales to almost zero. Yet Starbucks' experience since then has been uniformly positive.Customer traffic has been steadily climbing for roughly eight consecutive weeks, with comps in April improving to a % slump. The metrics suggest China will be full
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website