Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Starbucks Stock Sank Today

TheMotleyFool

0 0

Shares of Starbucks (NASDAQ: SBUX) fell on Friday after the global coffeehouse chain warned of cost pressures and a slowdown in its most important growth market.

As of 3:15 p.m. EDT, Starbucks' stock was down more than 7%.

Starbucks' U.S. comparable-store sales jumped 22% in its fiscal 2021 fourth quarter, as people returned to its cafes once social distancing requirements eased. The company's comps in China, however, fell 7%, due in part to a reemergence of COVID-19 in the country.

Source Fool.com

Like: 0

SBUX

Share