Starbucks says impacts of boycotts and China are ‘transitory.' Some analysts ask: Are they really?
During Starbucks Corp.’s earnings call on Tuesday, executives said that the impact from a more cautious consumer in China, the deepening conflict in the Middle East and related consumer boycotts would be fleeting. Afterward, Wall Street was trying to figure out whether to believe them. During that call, Starbucks SBUX, +0.10% used the word “transitory” at least four times to describe those difficulties, and the coffee chain grew more cautious on its sales outlook for the year. But some analysts weren’t so s ...