Starbucks: Will New Store Concepts Jolt this Stock?
November 21 2021 - 06:46AM
TipRanks
Starbucks (SBUX) stock has really cooled off this year on the back
of weaker earnings results and ongoing labor shortages.
Undoubtedly, the Great Resignation, as it's called, has hit the
broader quick-serve restaurant space, and even industry greats like
Starbucks are not immune. Even though the company offers better
payments and benefits packages than most of its rivals, Starbucks
has suffered. Staffing shortages have led various Starbucks
locations to lure in new workers with higher wages. Indeed, such
upward wage pressures will weigh on profitability over the medium
term, but investors need not fret, as Starbucks has a plan.
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Starbucks (NASDAQ:SBUX)
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