Starbucks jumps 6% after showing signs its recovery from coronavirus lockdowns is picking up (SBUX)

SourceMarkets Insider
SectorFinancial Markets
CountryGCC

REUTERS/Brian Snyder Starbucks reported quarterly earnings Tuesday that missed Wall Street's expectations for earnings per share.   CEO Kevin Johnson said on a call with analysts that comparable sales for open stores turned positive in July - a sign that the company's recovery from the coronavirus pandemic lockdowns is picking up. Shares jumped as much as 6% in premarket trading Wednesday.  Watch Starbucks trade live on Markets Insider.  Read more on Business Insider.  Shares of Starbucks jumped as much as 6% in premarket trading Wednesday after the company's July sales showed signs that the company's recovery from the coronavirus pandemic lockdowns is picking up.  On a call with analysts Tuesday, Starbucks CEO Kevin Johnson said that comparable sales for open stores turned positive in July, indicating that the company's strategy to weather the pandemic is working and fueling...read more...