Starbucks Sees a Brighter Fiscal 2021 Ahead
Starbucks (NASDAQ: SBUX) left investors feeling disappointed following its fiscal third-quarter earnings report. Management noted improving demand trends following peak COVID-19 closures but warned that a full growth and profit recovery might take more than a year.
Things have improved since then.
In late October, the coffee titan revealed surprisingly strong sales to close out fiscal 2020. That boost gave executives confidence to predict a sharp growth rebound ahead over the next 12 months.
Source Fool.com
