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Why Starbucks Stock Fell 16% in March

TheMotleyFool

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Shares of Starbucks (NASDAQ: SBUX) fell 16.2% in March, according to data provided by S&P Global Market Intelligence, as the coffee giant scrambled to respond to the COVID-19 outbreak in North America.

Like just about every company with a brick-and-mortar retail presence in the United States, Starbucks' shares underperformed the S&P 500 last month.