Starbucks suspends its outlook as Covid lockdowns hammer sales in China TopologyPro One News Aggregator and Search Portal


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A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks on Tuesday suspended its outlook for fiscal 2022 as Covid lockdowns in China weighed on its international sales. Still, strong demand in the U.S. offset sharp declines from China, helping the company's quarterly revenue top Wall Street's estimates. Shares rose 5% on the report in extended trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 59 cents...