LK - 2 Models For Starbucks' Reopenings
Starbucks' (SBUX) most recent quarter showed rapid weakening, the next one looks much worse, but the value of the stock probably hinges on what happens to same-store sales once the world starts returning to normal.
And that, in turn, depends on what Covid-19 safety procedures the cafés put in place after reopening, scheduled for May 4.
The company voluntarily closed most of its U.S. company-owned stores other than drive-thrus on March 21, largely to protect its employees and customers. Some remain open, however, so we can see what procedures may be instituted.
Compare