Starbucks Says a Full Profit Rebound Is Over a Year Away
Consumer demand is still shifting quickly, and new COVID-19 outbreaks are forcing rapidly implemented operating changes, but Starbucks (NASDAQ: SBUX) is now finally able to estimate when its business will be back to its normal growth cadence.
Executives detailed their rebound predictions in a conference call with Wall Street analysts following the release of the chain's fiscal third-quarter report, which showed a 41% plunge in comparable-store sales in the U.S. and a 37% decline in international markets.
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Source Fool.com
