Heard on the Street: China’s Starbucks Gets Bitter Reaction to Weak Results

Heard on the Street: China’s Starbucks Gets Bitter Reaction to Weak Results · The Wall Street Journal

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A gigantic coffee chain released some disappointing quarterly results yesterday and its shares fell in response. No, this isn’t about Starbucks, which reported earnings late Tuesday. With its stock down 21% year-to-date through Tuesday, some clearly saw a buying opportunity, much as with McDonald’s a day earlier. The chain that disappointed was Luckin Coffee, with most of its stores in China.