Starbucks Predicts a Robust Growth Rebound Over the Next Year

Starbucks Predicts a Robust Growth Rebound Over the Next Year

Starbucks (NASDAQ: SBUX) issued a positive outlook on Thursday for its new fiscal year that began in late September, mainly thanks to improving trends in the U.S. market. "I am very pleased with our strong finish to fiscal 2020," CEO Kevin Johnson said in a press release. Starbucks is calling for a big year ahead, with sales shooting higher by between 18% and 23% globally, compared with fiscal 2020's 14% decline.