A look Into Starbucks Post Pandemic: Sales & Revenue

 

            Starbucks Projected Sales and Revenue Post COVID 

        Starbucks has ultimately transformed into the world's superior coffee shop. Their beverages and evolving brand, has unquestionably dominated U.S. sales. Starbucks, like many other businesses however, have indeed suffered from the colossal impacts of the COVID-19 pandemic. Their net revenue for the year was $23.5 billion, meaning it was down approximately 11.3% from 2019. 

    This descrease in revenue was absolutely reflective of temporary store closures, and modified business operations. Once many stores were cleared for reopen, they began to see a steady increase in sales instantly. Since the beginning of the pandemic, Starbucks as a corproation has worked passionately to develop easier and more favorable ways to get coffee at its stores. They have made significant innovations with their digital programs, as well as made pre-ordering a preferred option. 

    The company as a whole has learned to appropriately adapt to the changing environment in which they work in, while remaining espeically willing. The companies CEO is very proud of their accomplishments during this period of unknown, and expects Starbucks stock to start moving up almost immediately. 

    While no one can quite predict the future of this pandemic, it's imperative that companies plan for the forthcoming. Starbucks has luckily been able to overcome the complications of this ongoing pandemic, and has plans constructed for both a potential increase or decrease in Corona virus cases.