Starbucks says a tight labor market and cost increases driven by the Omicron variant weighed on the chain’s most recent quarter
Starbucks Corp. said rising costs of supplies and wages will continue to weigh on the coffee giant’s profit in the months ahead after pandemic-related restrictions reappeared in the U.S. and overseas.
The Seattle-based chain said holiday sales helped boost its business in its most recent quarter, though higher-than-expected inflation, a tight labor market and cost increases driven by the Covid-19 Omicron variant limited results.
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