Joshua Trujillo, Starbucks"We need Congress to take action," Johnson said at Starbucks' investor day. Visit Business Insider's homepage for more storiesStarbucks CEO Kevin Johnson is calling for a new stimulus package to save small businesses — including independent coffee shops across America.
Stimulus negotiations have dragged on for months, with Congress running out of time to pass a proposed"The slow negotiations over COVID-19 relief have in recent days boiled down to two major sticking points: the scale of funding to state and local governments, and protections for businesses from litigation by employees who get the virus,"The $908 billion coronavirus stimulus deal could be the next one Trump signs: Here's what you need to know about the relief package and its...
However, analysts say that Starbucks is likely to win over customers with the closures of independent coffee shops,On Tuesday, Cowen analyst Andrew Charles named Starbucks as one of his four favorite stocks best suited to capitalize on the $39 billion in restaurant sales that are "up for grabs due to the closure of independents."
Johnson said on Wednesday that a stimulus package is necessary to prevent closures of small businesses. Starbucks does not want these independent coffee shops to close, Johnson said. Starbucks executives expressed optimism about the future of the company, announcing Starbucks expects outsized non-GAAP earnings per share growth of at least 20% in fiscal year 2022.
Subsidizing their workers with food stamps and Medicaid isn't enough apparently
These CEO needs to stage a sit-in the office of. MitchMcConnell . This gentle persuasion thing is not working.
Extension of unemployment plus stimulus package is needed for majority of Americans.
thats probably not good.