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Wednesday, May 31, 2023

Starbucks delivered solid quarter and guidance, imagine when China fully reopens

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A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California.

Lucy Nicholson | Reuters

Club holding Starbucks (SBUX) reported strong fiscal fourth-quarter results after the closing bell Thursday, giving us confidence that demand can endure the softness in the global economy and China’s continued adherence to its zero-Covid policy.

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