A pedestrian wearing a protective mask walks in front of a temporarily closed Starbucks coffee shop in Brooklyn, New York, on Monday, April 27, 2020.closely watched due to its extensive business in China, were steady in the premarket. The coffee giant delivered $6 billion in fiscal second-quarter revenue that beat estimates. However, earnings fell short of forecasts with an adjusted 32 cents per share.
Catastrophe pay for baristas, hourly pay increases and the cost of store safety items such as face coverings weighed on profits during the quarter. Global same-store sales declined a greater than expected 10% as the coronavirus hit sales in its two largest markets, the U.S. and China. Starbucks, which is preparing to start reopening U.S. cafes next week,U.S.
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The real economy is failing and the stock market is soaring. This is not normal.
We are losing hope x5 ?
👀
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