How Starbucks Plans On Using What It Learned in China From COVID-19

As expected, Starbucks (NASDAQ: SBUX) had a rough go of it during its fiscal 2020 second quarter (the three months ended March 29). The global coffee powerhouse was facing a shutdown in China, its most important growth market, and that shutdown extended to the U.S. and the rest of the world by March. As a result, global comparable-store sales fell 10% from a year ago, revenue fell 5% to $6.0 billion, and adjusted earnings per share fell 47%.