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Starbucks Stock Slides After Earnings Beat. Blame China?

·2 min read
Starbucks Stock Slides After Earnings Beat. Blame China?
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Starbucks stock was sliding after fourth-quarter earnings beat expectations but sales missed forecasts. The results are the latest example of how the pandemic continues to affect global companies such as Starbucks (ticker: SBUX). Outbreaks of the Covid-19 virus over the summer triggered lockdowns in China, bringing a slowdown in consumer spending.