MCD - Starbucks Is On to Something
Starbucks (NASDAQ: SBUX) investors this week focused most of their attention on the negative financial impacts that a virus outbreak in China might have on the wider business. The management team revealed widespread store closings in recent days, and the volatile situation persuaded executives to resist upgrading their fiscal 2020 outlook following a record first quarter.
In a conference call with Wall Street analysts, CEO Kevin Johnson and other leaders discussed the scale of those Q1 operating wins while detailing a few promising growth initiatives in the works for the rest of the year. Below, I'll look at some highlights from that presentation.
Image source: Getty Images.