As Commuting Culture Flags, Starbucks Stock Is Likely to Fall Much Further

From: msn.com

Starbucks (NASDAQ:SBUX) recently reported dismal fiscal third-quarter results, and its new strategies are unlikely to enable SBUX stock to fully recover from the impact of the pandemic, the e-commerce revolution, and the work-from-home trend.

Starbucks’ fiscal third-quarter results somehow beat analysts’ average estimates by narrow margins, but they were pretty horrible. The results suggest that the company cannot thrive in the current environment in which work-from-home, drive-through and takeout orders are such important trends.

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