Starbucks misses sales estimates on China Covid-19 curbs, suspends guidance

2022-05-03

May 04, 2022 7:46 AM

BENGALURU (REUTERS) – Starbucks Corp suspended its guidance for the rest of its fiscal year on Tuesday (May 3) as sales growth missed Wall Street targets due to China’s tough Covid-19 curbs.

Source : https://www.straitstimes.com/business/companies-markets/starbucks-misses-sales-estimates-on-china-covid-19-curbs-suspends-guidance

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Starbucks misses sales estimates on China Covid-19 curbs, suspends guidance

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