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Stock impact report

Starbucks Stock Catches a Luckin Break, But Its Future Is Bleak [Yahoo! Finance News]

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
StarbucksSBUXLuckin CoffeeLKStarbucks Stock Looks Solid Heading into Next Week's Earnings ReportSource: Natee Meepian / Shutterstock.comUntil the fraud wasdiscoveredIt had me fooledIf Starbucks had ever been a direct competitor to Luckin, it might be in better shape. Luckin was basically Starbucks take-out and delivery.InvestorPlace - Stock Market , Stock Advice & Trading TipsBut Starbucks never was a direct competitor to Luckin. As I wrote last month“Starbucks sells coffee as a luxury good.”That is Starbucks’ real problem.Getting Past the VirusUnless it gets new capital in some form, SBUX stock is facing an existential threat fromthe novel coronavirusAt the end of December, Starbucks had $3 billion in cash. It cost $5 billion to run the business for those three months. When Starbucks next reports revenue it won’t be close to last quarter’s $7 billion. Remember, the March quarter saw the heart of the disaster in China, its second-largest market.The June quarter is going to be even wor Show less Read more
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