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Starbucks predicts a much stronger FY 2021.

Starbucks to close another 100 U.S. stores

The coffee chain lost $1.2 billion in sales in Q4, but CFO Patrick Grismer says the company is recovering faster than expected

As Starbucks continues to recover from the effects of the COVID-19 pandemic, the Seattle-based company said on Thursday that it would be closing an additional 100 stores (plus 100 closures in Canada), in addition to the 400 closures that were initially announced in June, likely in underperforming, dense metro areas. 

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