- July 28, 2021
- Posted by: Stratford Team
- Category: Business
Belpointe chief strategist David Nelson, Gibbs Wealth Management President Erin Gibbs and Invest Diva CEO and author Kiana Danial break down today’s markets, cryptocurrency and this earnings season.
Starbucks shares fell 3% in the after-hours session after the company lowered its sales growth forecast for China, its second-largest market outside the U.S.
The Seattle-based coffee giant said its revenue soared 78% to $7.5 billion in the April-June period, an all-time high, as the impact of the coronavirus pandemic receded and customers flocked to its stores.
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The results beat Wall Street’s forecast of $7.3 billion, according to analysts polled by FactSet.
Starbucks said its global same-store sales – or sales at locations open at least a year – jumped 73% from the same period last year.
Ticker Security Last Change Change %SBUX STARBUCKS CORP. 126.03 -0.03 -0.02%
The pandemic hit Starbucks hardest in the…
