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Starbucks on slow path to recovery, COO stepping down Although sales fell short of Wall Street s expectations, Q1 earnings of 61 cents per share topped estimates of 55 cents per share but declined 22.8% year-over-year due to lower sales and margins. Revenue fell 5% to $6.75 billion and missed analysts forecasts of $6.93 billion Provided Reporting Tuesday that Q1 comparable-store sales were down 5% in the U.S. but up 5% in China, Starbucks Corporation CEO Kevin Johnson said the chain was demonstrating sustained recovery and calling the company stronger and more resilient than ever. Although comps were minus 5%, he said it was an improvement over the prior quarter s minus 9%. ....
Is Starbucks, Dunkin Donuts, Open On Martin Luther King Jr. Day? See Coffee Shop Hours On 1/18/21 at 12:01 AM EST Martin Luther King Jr. Day, which honors the late American civil rights activist, is observed on the third Monday of every January. This year it falls on January 18. Most coffee shops are open on Martin Luther King Jr. Day but some may be operating on reduced hours. Some may also be offering modified services amid the ongoing COVID-19 pandemic. Here we look at the opening hours at different coffee shops on Martin Luther King Jr. Day. Contact your local branch to confirm exact hours and any COVID-19 safety restrictions in place before traveling to any venues listed below. ....