How has Starbucks Been Affected by COVID-19 in Q2?

Starbucks (SBUX) released their second quarter earnings report, revealing a disappointing result caused by COVID-19. “50% of all stores that are open are down 25% in revenue” states Equity Research Analyst, Nick Setyan, while appearing on the TD Ameritrade Network. He explains how the company overestimated their customer’s  economic sensitivity to the pandemic, leading sales to produce underwhelming results.

For more comments from Nick Setyan, view his full appearance.