Starbucks | Times Square Investment Journal

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

by Brian Evans | Nov 8, 2021

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...