Starbucks shares fell nearly 3% in premarket trading

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Starbucks shares fell nearly 3% in premarket trading

Tiger Newspress2022-02-02

Starbucks shares fell nearly 3% in premarket trading.Starbucks Corp will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases prompted the coffee chain on Tuesday to lower estimates for profits this year.

The company missed estimates for quarterly profits and comparable sales as the fast-spreading Omicron variant also led to delayed office reopenings and new restrictions in China, the company's fastest growing market.

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Jas111
·2022-02-03
Wow
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Handoko
·2022-02-03
👌🏻
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Tek long
·2022-02-02
?
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stsockli
·2022-02-02
Thanks for sharing
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Mml
·2022-02-02
Hmm
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clingling
·2022-02-02
Hmm
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wywy
·2022-02-02
knee jerk reaction
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InvisibleP
·2022-02-02
Time to buy?
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NBAl
·2022-02-02
Gone is the time when I was bullish on Starbucks.They need to up the future prospects and increase the Moat
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FlySKY
·2022-02-02
like
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