Kevin Johnson, CEO, Starbucks
Scott Mlyn | CNBC
Starbucks lost billions of dollars in sales this year due to the coronavirus pandemic, but investors want to know more about the global coffee giant’s plans for driving growth in the years to come after the crisis.
On Wednesday afternoon, the company is slated to present its blueprint to regain customers at its biennial investor meeting.
Starbucks’ sales in the United States and China, its two largest markets, have been rebounding faster than expected. In its fiscal fourth quarter, which ended Sept. 27, same-store sales in the U.S. fell just 9% and in China only 3%. But a new wave of restrictions in the U.S. could slow down Starbucks’ recovery…