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Starbucks is shifting gears toward big wage spending and store growth in latest earnings

Starbucks is shifting gears toward big wage spending and store growth in latest earnings

Starbucks Corp. (SBUX) is doubling down on rising labor costs besetting the restaurant industry.  The stock dipped 6% after Starbucks CEO Kevin Johnson said Starbucks’ decision to raise wages twice in 2022 would give the company a bigger market foothold and raise...

Investment Journal

Welcome to Investment Journal, a site covering the world of business right from Times Square. The site is produced by reporters at the New York City News Service and the Craig Newmark Graduate School of Journalism at CUNY. Email your comments to greg.david@journalism.cuny.edu.
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