A lot is happening at Starbucks (NASDAQ: SBUX), drawing investors’ attention lately. Year-to-date, shares of the global premier retailer of specialty coffee have been down almost 40%. Amid unionization drives, the company is grappling with several issues, including cost and wage pressures, leading to compressed margins; a slump in sales in its second-largest market China due to lockdown; difficult macro environment; and rising inflation. Despite the suspension of the financial outlook usually provided by the company, last week, Starbucks shares gained almost 10% after it posted better-than-expected Q2 sales. Globally, comparable-store sales rose 7%, with 12% growth recorded in the U.S., offsetting the decline of 23% in China.
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Starbucks (NASDAQ:SBUX)
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