Starbucks CEO Defends Wage Hikes as Stock Falls 7% on Coffee Chain's Weak Earnings Outlook - NewsBreak

Starbucks CEO Kevin Johnson defended the coffee chain's plans to hike wages for baristas, saying that the move will help the company gain market share. The company's forecast for its fiscal 2022 earnings was lighter than expected, reflecting inflationary pressure and investments, like the wage hike. "It's better to...