Starbucks' Earnings Call: 3 Big Takeaways
For Starbucks (NASDAQ: SBUX), business is much stronger today than it was before the pandemic struck in early 2020. Sales are setting new records, and profit margins are expanding, the coffee giant announced in its fiscal third-quarter earnings report before raising its short-term outlook.
There could be more good news in store for shareholders now that the chain has established its leadership position during economic-reopening booms. CEO Kevin Johnson and his team discussed that bright growth outlook July 27 in a conference call with Wall Street analysts while cautioning about major risks ahead including new COVID-19 outbreaks and intense price inflation.
Below, we'll look at a few highlights from that presentation.
Source Fool.com
