STARBUCKS LOST UP TO $2.2 MILLION IN OPERATING INCOME; $3 BILLION PLUS LIKELY Q3 LOSES

Highlights:

• 95% of the American Starbucks stores were working during the pandemic
• The operations were primarily pickups and drive-through

The Seattle based global coffee house chain Starbucks was shuttered partially during the pandemic. Though the brand’s stores were closed for the customers, Starbucks had continued its pick-up and other services. However, like most businesses, Starbucks fac....