Operator
Good afternoon. My name is Hector, and I will be your conference operator today. I would like to welcome everyone to Starbucks Coffee Company s Third Quarter Fiscal Year 2021 Conference Call. [Operator Instructions]
I would now turn the call over to Greg Smith, Vice President of Investor Relations. Mr. Smith, you may begin your conference.
Greg Smith
Vice President, Investor Relations
Good afternoon everyone. Thank you for joining us today to discuss Starbucks third quarter fiscal year 2021 results. Today s discussion will be led by Kevin Johnson, President and CEO; and Rachel Ruggeri, CFO. And for Q&A, we will be joined by John Culver, Group President, North America and Chief Operating Officer; Mike Conway, Group President, International and Channel Development; and Belinda Wong, Chairman and Chief Executive Officer, Starbucks, China.
Espresso lane
Starbucks bets on China, suburbia and cyberspace
The world’s biggest caffeine-peddler has its best quarter of the pandemic. It could be better
H
OWARD SCHULTZ, former boss of Starbucks, used to imagine its coffee shops as a “third place”: a spot to hang out, as you do at home or in the office. Yet even free Wi-Fi persuaded only one in five Americans to stick around; the rest ordered to go. Then covid-19 collapsed the distinction between hearth and work. Being a two-and-a-halfth sort of place was not all bad in a plague. On January 26th Kevin Johnson, Mr Schultz’s successor, reported Starbucks’s best quarter of the pandemic so far. But global same-store sales, a benchmark metric, still fell by 5%.
Dec 31, 2020 at 8:00AM
We ve all probably been tempted to buy penny stocks at some point in our lives. Penny stocks seem attractive because we re used to seeing small things grow into big things, and it s tempting to think a very low-priced stock has greater potential to outperform than large-cap stocks.
The reality, however, is that penny stocks may not be well-capitalized, and they re usually the first to crumble under the weight of crises and competition. And don t be misled by a low valuation it may be justified because of some flaw in the company s business model. It s good to remember that low can always go lower if the company falters and sputters.