Earnings Results: Starbucks to continue raising prices as inflation, labor issues hit earnings

Starbucks Corp. expects to continue raising prices in the coming months to combat squeezed profit from inflation and labor issues related to the COVID-19 pandemic, plans that helped the company’s stock turn around in late trading Tuesday.

Starbucks Corp. expects to continue raising prices in the coming months to combat squeezed profit from inflation and labor issues related to the COVID-19 pandemic, plans that helped the company’s stock turn around in late trading Tuesday.